1 of my final battles is with Student loans late pays. Everything i've read indicate that they verify late pays always and seem to be able to do this because of their confidence in keeping and maintaning accurate records. Thinking of this i suggest that maybe this is because in a business atmosphere a CC co. just wants to be paid and be done with it whereas a SL provider may be mandated and SUBSIDIZED to report accurate info FOREVER. We all know that SL's are one of the loans that will never go away, no matter what. Generally, it will be pursued and it will be reported, amongst other things. so, my simple theory is that the SL's are more accurate due to government regulation, hence government subsidizing. And the CCco's are more concerned to make a business decision based on "how much money am i gonna waste on this damned consumer" rather than maintain accurate records for decades.... just puttin my opinion out there for everyone would love to know your take! fweem!
