topic Re: student loan question in Student Loans

student loan question

vabound — Fri, 09 Nov 2012 03:57:12 GMT

today my husband recieved a call from a collections agency regarding a debt from Sallie Mae that stopped reporting on his credit report in 2010. So as he was explaining this to me I started thinking "wait do you owe on a student loan?" turns out he defaulted in 2003! so now I am wondering if this will appear on the CAIVRS list or not. I am not sure if it is a federal or private loan as Sallie Mae offers both. He said the balance was $3K. In his defense, he had never heard of the CAVAIRS and neither had I until I started coming to this site. Not sure what to do.......The ca is not reporting this debt on is credit report...

Re: student loan question

vabound — Fri, 09 Nov 2012 04:31:21 GMT

It is indeed a private loan.

Re: student loan question

laz98 — Fri, 09 Nov 2012 17:51:45 GMT

Has he gotten any paperwork from the collection agency, & does he have any of the original paperwork (in case he needs it)?

Do you have the money to pay it?

Re: student loan question

vabound — Sat, 10 Nov 2012 00:35:14 GMT

No to all three questions. It was a private loan and the dofd was in 2003.

Re: student loan question

laz98 — Sat, 10 Nov 2012 00:48:42 GMT

I've never heard of CAIVRS either. I'm not sure what I would do. I guess I would wait to see if I got any paperwork about it & see if they are offering me any repayment options. Private loans, unfortunately, are quite a hassle from what I hear on these forums :(