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Does paying off defaulted student loan debt at once improve your credit score?

By admin - Last updated: Thursday, February 25, 2010 - Save & Share - Leave a Comment
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I have a couple federal student loans that I took out here and there and one of them is in default. If I pay the defaulted amount at once, does it improve my credit score and moreover will I be able to take out more federal loans and grants in the future?

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