Student Loan issues

I have the same problem, the only way I heard to fix this problem is to rehab.
I have been searching around the board for a way. They always verify and Sallie Mae told me the same thing. I have had luck in disputing US of ED, they just do not respond so the CRA deletes. I really hope someone will see your post and have a strategic plan of attack or success story that does not involve forking out tons of MONEY

 

You can rehab even if it is in collection. All of mine are in collection. Did you try to negogiate with the CA and see what they could do?

And my god $500 bucks, which that were true for me Try 30K

 

DWH Sorry,
Let me think, don't know if I can help, but hell worth think about for the day I just in case owe only 500.00 I pray to God it will not be a 10 year journey. Hopefully my business will take off

 

I read something official recently about student loans and cra reporting. I'll try to find it tonight and post it here tomorrow.

 

Lyttlemac you'll be upgraded to Big Mac if you help us out (lol)

 

I have a similar problem and cant get it fixed.

I'll keep you posted.

 

dwh1969

wish I could give you some positive info, but I have not found any way to remove lates execpt through constant verifications with the CRA and that only seems to work rarely.

fla-tan

 

For better or for worse, default is the best way to get rid of lates. If you nearly go into default, but get current right before they default you, the lates are there to stay. :-(

And since most servicers use your SS# as your account ID, it is nearly impossible to dispute them as "not mine".

 

Prior to finding this board, I foolishly paid off my student loans ($24k) but still have numerous lates from 1996 (some as long as 120+ days) reported by the OC (Chase) and SalliMae (transferred to).

I disputed with EXP a couple of the tradelines as being duplicate and they deleted one of them (over 10 tradelines in all - it's tragic how they report each loan amount per semester separately).

I am disputing with Equifax b/c they report "unknown date" on some of the 30-day lates, but that is the only recourse I know at this time.

But from what I've read, does this mean I have to wait until 2003 when the lates will fall off my CRs?

There's got to be another way....

 

Ef,
Thanks for the idea of disputing the dates. I have like 8 loans because of the semester thing reporting and it makes me sick. It's like have 8 seriously negative tradelines.

 

I just got my goodwill letter reply from Sallie Mae, and they told me the same thing. I re-disputed last night on all the CRA's, but I know that won't do any good. It's 120 days late, as of this past May. If I can't get it of my hubbys CR, we'll have to postpone buying a house. My goal was to start looking next summer. I'm so mad at him that he let it get behind!! The thing that I don't understand is, Here's a quote from the letter:

"In December 2001 your account became delinquent. We did not receive the appropriate documentations to defer your account until June 24, 2002, at which time your account was 200 days delinquent. At that time, we processed your forbearance retroactively and your loans were current. However, your loans were truyly delinquent and reported as such before we received and processed your forbearnce request form. As such, your request cannot be granted"

Ok, so the forbearance brought the account current, so why can't they report it as such? I thought they were going to, which is why we applied for the forbearance in the first place. If we had known, we wouldn't have bothered because the forbearance went thru the same week as the loan consolidation--so the loan actually was paid off at the same time. Does that make sense?

 

Tracy0313 All I can tell you on this is I cannot stand Sallie Mae, they keep their records airtight. I called them to see if they had information on a loan they transferred in 1997 and they still have it lock, stock and barrel. However the upgraded it from an I9 to I5, as if that is what I really wanted. I think I will have to wait the 7 for it to fall off. Which is not until 3/2004

 

I know. I'm so mad at him, because it's going to be the ONE thing that will keep us from getting a house, I'm afraid. If the account was brought to current, what's the point of the forebearance if it won't show on your CR??? It doesn't make any sense to me!! fla-tan, I know you know about student loans....can you explain the forbearance to me?? I'm sorry, I thought I understood, and I thought when I was told it would be brought to current, that it would be brought to current on his CR too. Of course, he didn't get it in writing like I told him to!!

I'm researching other sites right now. I'll let you all know if I come up with something!!

 

My scenario was that my loans were about to go into default, but I was able to catch them and rehab them. Yeah, it was 12 long mos and $217 a mo., but I was able to pull it off. I rehabbed w/ ECMC and then consolidated with Direct Loans. (William D. Ford Program) When I spoke w/ the rep that handled my rehab, she stated that they would update all tradelines and status as PAID IN FULL. Sallie Mae told me also that they could not update the 120+ day late. I eventually sent Sallie Mae a Goodwill Ltr, and they sent me a letter on 08/01/02 stating that would up date my status as PIF, not ChargeOff. So, I would say each situation is different and you just have to keep bugging the h--- out of Sallie Mae.

 

I'm thinking the nutcase letters are next, but I hate to go that route until I know NOTHING else will work. I feel like once I start getting nasty, there is no going back. I'm thinking maybe another couple of goodwill letters, sent to different places. Maybe I can get it to a sympathetic person. I have 1 year to work on this, so hopefully something will work, or somebody will come up w/ something!!