Does anyone know of sucesss with or a particularly successful version of the Goodwill letter for the folks at Sallie Mae and also if there is a particular employee/dept to speak with to help with some yucky SalliMae TL's. Many thanks! K
Hi K, I'm by no means a SM expert but it does seem to me that, when gov't agencies are involved, the Goodwill [often] doesn't yield the desired result. I'm just wondering if there isn't a legal position you could develop. Tell us what's up with the TL's. .
Hi ya Butch! Happy to see your sig on my post! OK, here is the deal. I have , ahem, 69,000.00 in SL (don't ask!) , have about 1.5 years of default, consolidated and they have been paid as agreed for exactly one year this month. I didn't do the "rehabilitation" route, but consolidated through Will. Ford Direct Loan last Jan. So everything is groovy with them now and forever more but I have 35 different neg TLs on my CR from my school loans as I borrowed every quarter of school (unsubsidized and subsidized so 2 seperate loans a quarter 2 x 4 x 4 = 32 plus some funky duplicate Sl TL's. Needless to say a Huge Yucky mess! any and all help will be graciously accepted. K
Yes, Please call me Dr K, at least I can have some justification for that horrible amount of debt, the good (?) news is I only have to pay on it for 25 years, only 24 left to go! I will be one happy senior citizen by then! The TL will drop off in 06/08. During the time of the default I was going through a relly hard time with my father being ill. He had a quad bypass surgery that was botched by a surgeon who sewed his grafts shut had to be transferred to UCLA (about 250 miles from home) , we lived in hospital waiting rooms for about 6 months and he eventually passed away down at UCLA. So I neglected my Student loans, forgot to file the correct forebearance form and they defaulted. Got depressed and let them slip a while longer, woke up, attempted consolidation and WFORD took 8 months to try and consolidate , never received the proper documentation from my school and they were never consolidated. So here I am . I thought a well drafted Goodwill letter may work. It seems pretty hard to dispute the SL as not mine as the account numbers are my SSN. But hey, I will try anything, once!!! Ok, maybe not anything... K
Sorry, In the post above it sounds like I never consolidated. I tried to consolidate once before the loans were actually consolidated last JAnuary. W Ford says my school never sent the loan balances to W.Ford, my Uni said they never received the request. Who knows? K
Well I kind of feel like I am talking to myself here, but hey, whats new!? Butch et al, what do you think about using the following nutcase version (which of course I will twist to conform to my specific situation) that I found in another thread.. Worth a shot? K, I mean DR. K! quote: -------------------------------------------------------------------------------- Regarding: Account No. XXXXXXXXXXXXX Student Loan Creditor X ATTN: Credit Bureau Reporting Desk Fax (XXX) XXX-XXXX Dear Account Manager: I am writing a letter about my experience with XXXXXX that is a mixture of a grateful "thank-you" and a pressing request concerning a loan in my credit files that I sincerely hope to have revised. I received a Student Loan in 1994, through XXXXXX, and was able to obtain a Bachelors Degree in XXXXXXXXXXX. Unfortunately, several years later, I lost my only paying job with a wife and 2 children to care for. I became disorganized with respect to, as you saw, making timely payments. In December of 1997, I filed a petition for a Chapter 13 Bankruptcy. However, a few years later, I fully recognized my responsibility with respect to payable accounts and have worked diligently to rehabilitate my relationship with XXXXXX since that time. To be honest, that year was a "wake-up" call for me regarding fiscal organization. Since then I believe I have learned the essential organizational and financial management principles I desperately needed in 1997. We are about to shop for a mortgage, and it has come to my attention that the late notations and the â??reported non-paymentsâ? since 1997 on my Student Loan may preclude me from taking full advantage of the very lowest interest rates now available. Since those notations do not reflect my current status with xxxxx, I am requesting that you give me a second chance at a positive credit rating by revising those trade lines. If my memory serves me correctly, I have made the minimum payment of $83, in a timely manner since late 1999. I sincerely hope that there is redemption at xxxxxx, and I beg you for such consideration. I wish to thank you again for allowing me the opportunity to receive a College education and for giving me a second chance at a relationship with you, one that I am determined to keep spotless. Please let me know if any additional documentation would assist in reaching a positive outcome, and I thank you again for the time you have spent reading this letter. Very hopefully yours, helpwanted.
I like it. You'd have my vote. For the GW's I've seen that didn't work, I think it fell down only because of one thing. They often send it to "To whom it may concern". What I'd do is find a decision maker at my target, (one who has a little compassion hopefully) and send it to his/her attention. Someone a little older than a teenie bopper CSR. See? Does anyone else think this is the best route to take? .
I've had an issue with Sallie Mae, and have recently tried to resolve it or delete it. My student loan with them was broken into 6 reported loans on my EQ credit report. I defaulted during a divorce 7 years ago with only about $2k left, but paid it off to their collector in full during a refi (no agreement to take off or re-report the tradeline, sorry to say). So for 6 years I have had Sallie Mae report 5 of these loans as "account transferred or sold, bad debt&placed for collections&skip", and one was reporting as "Defaulted loan-claim filed against guarantor, pays account as agreed". Yeah, confusing as Sallie Mae can be. I've disputed this several times over the past 3 years with EQ CRA to no avail. Last month I sent a letter of estoppel to hopefully either open up communications with them, or have them delete this (as the dola is 6/97). Now as of last week, this is being reported as: The one account is: "Account closed by consumer, pays as agreed" (YEAH) The other five are listed as: "Account closed by consumer, At least 120 days or more than 4 payments past due". (YUCK) Granted its only 5 more months or so, but I thought I would see how they would respond to me asking them to validate this. Sure, a bit backwards, but there does seem to be some movement to at least notice what I wrote. I'm not sure what I will do next, but we have options, right?
