topic Re: Anyone have luck GWing AES?? in Student Loans

Anyone have luck GWing AES??

kahuna — Mon, 19 May 2008 21:28:50 GMT

OK, I have 2 student loans with AES that have tons of late payments on them. I am now current with both of them but the late payments are killing my FICO. Anyone have luck trying GW's with them? If so, do you have any tips. Funny thing is that if they would do it, it would greatly enhance their chances of me never being late again. Also, if anyone has had success, do you have an address and contact info?

Re: Anyone have luck GWing AES??

kahuna — Wed, 21 May 2008 01:23:12 GMT

OK you guys, I sent them a GW today. A Hail Mary. A longshot. Trying to get about 20+ late payments on 2 accounts deleted. It's a good thing I got turned down by so many women in college. There is something about not being afraid to hear "no" that helps you in this whole credit repair deal. You gotta be shameless. I'll keep everyone posted. I've been current for almost a year btw.

Re: Anyone have luck GWing AES??

jen92 — Wed, 21 May 2008 01:40:11 GMT

Yeah, I would like to know if anyone has had any success with GW letters to AES too. I tried a while back for a couple of lates...but they kept sending letters back that they were verified or something like that. I bombarded them with emails and faxes...to no avail. Perhaps just disputing them over and over again and sending MOV letters to the CRAs would help. AES seems to be very difficult in removing lates, that's for sure.

Re: Anyone have luck GWing AES??

Timothy — Wed, 21 May 2008 04:45:05 GMT

All I can say is it is TOUGH to get mistakes on SL providers corrected-

It is impossible is get GW on SL while there is a balance because of the HEA that requires them to report accurate

Even after being paid - it is tough-

Re: Anyone have luck GWing AES??

BooBee — Wed, 21 May 2008 16:29:10 GMT

Timothy wrote:
All I can say is it is TOUGH to get mistakes on SL providers corrected-

It is impossible is get GW on SL while there is a balance because of the HEA that requires them to report accurate

Even after being paid - it is tough-

Oh great! I was thinking what a great question but looks like it'll be tough to get a late removed. I have AES as well and fell into like a 120 day late issue two years ago when wife was on maternity; just before I had it put into forbearance for six months.

I was hoping they'd remove the late in good faith since I've always been good with my payments otherwise. :smileysad:

Re: Anyone have luck GWing AES??

amador — Sun, 25 May 2008 14:18:34 GMT

i did GW my two late payments with my two AES loans with success! (at least they are gone off of my EQ reports-haven't checked the others.)

i got the two lates because i moved right when i was supposed to start paying them and i didn't know. i used the sample letter provided here and modified it.

i was ignored the first time. i tried it again months later...my reply was that the lates are gone on at least one CRA.

it can't hurt to try!

Re: Anyone have luck GWing AES??

heather76 — Mon, 26 May 2008 04:51:06 GMT

I agree it can't hurt. I just printed out 3 copies of the same goodwill letter...dated 14 days apart from each other. I am just going to keep sending until they remove...or until my postage costs outweigh my balance..hahahah

Re: Anyone have luck GWing AES??

Wonderin — Fri, 30 May 2008 01:41:44 GMT

Timothy wrote:

It is impossible is get GW on SL while there is a balance because of the HEA that requires them to report accurate

I read through the HEA and the resulting Amendments and I can't find a single thing that says that! All I found were provisions stating that they can't report damaging inaccurate info and that if a defaulted loan is successfully rehabbed, they have to remove the "default" notation with the CRAs.

Can I ask where it says that they can't GW? We've got a few lates that I'm desperate to remove!! Arrgghh!!!

TIA!!

Re: Anyone have luck GWing AES??

Timothy — Fri, 30 May 2008 03:17:38 GMT

While it might not say it directly- They (SL servicer) interprets this section "2), and shall disclose promptly to such credit bureau organization any changes to the information previously disclosed." as they must report ANY changes - good or bad.

HEA Section 463 (4)(a) http://www.tgslc.org/pdf/HEA_Title_IV_Oct02.pdf

(4)(A) Except as provided in subparagraph (B), an institution

of higher education, after consultation with the Secretary and pursuant

to the agreements entered into under paragraph (1), shall

disclose at least annually to any credit bureau organization with

which the Secretary has such an agreement the information set

forth in paragraph (2), and shall disclose promptly to such credit

bureau organization any changes to the information previously disclosed.

Wonderin wrote:

Timothy wrote:

It is impossible is get GW on SL while there is a balance because of the HEA that requires them to report accurate

I read through the HEA and the resulting Amendments and I can't find a single thing that says that! All I found were provisions stating that they can't report damaging inaccurate info and that if a defaulted loan is successfully rehabbed, they have to remove the "default" notation with the CRAs.

Can I ask where it says that they can't GW? We've got a few lates that I'm desperate to remove!! Arrgghh!!!

TIA!!

Re: Anyone have luck GWing AES??

rpg — Thu, 23 Oct 2008 20:34:49 GMT

Can somebody provide a mailing address for AES? I would like to try to GW some late payments from the past. Thanks.

Re: Anyone have luck GWing AES??

boxgirl73 — Tue, 11 Nov 2008 17:19:28 GMT

BooBee:

What was the outcome of your problem with AES and being 120 late...were you able to repay them the back payments? we're in the same boat...and they're threatening default which we can start making the payments of $577 a month just so we never get beyond the 120 late count but i thought we could not be considered in default until we're 270 days late....that's what stated all throughout the net!

Re: Anyone have luck GWing AES??

Mike14 — Wed, 12 Nov 2008 04:23:15 GMT

My wife has a number of loans from AES that were consolidated, and some that are currently being rehabilitated (maybe the consolidation loan? I don't know, and I don't think she does either). Apparently, it's slightly easier to GW closed SLs, so I plan to write to this guy in the next few days:

Mr. EDITED

Assistant Vice President Guarantor/Insurer Relations

AES/PHEAA

1200 North 7th Street

Harrisburg, PA 17102

Phone: (717) 720-3321

Fax: (717) 720-3928

Email: EDITED

Just not sure if I want to email or snail mail him...

Edited to remove personal information.

Message Edited by Mike14 on 11-11-2008 02:50 PM

Message Edited by llecs on 11-11-2008 11:23 PM

Re: Anyone have luck GWing AES??

Mike14 — Wed, 12 Nov 2008 14:58:46 GMT

Well, the guy's name was removed from my post, but just google "Assistant Vice President Guarantor/Insurer Relations" and the name will be in the first hit.

Message Edited by Mike14 on 11-12-2008 06:58 AM

Re: Anyone have luck GWing AES??

llecs — Wed, 12 Nov 2008 16:14:11 GMT

Mike14 wrote:
Well, the guy's name was removed from my post, but just google "Assistant Vice President Guarantor/Insurer Relations" and the name will be in the first hit.
Message Edited by Mike14 on 11-12-2008 06:58 AM

Bingo. Google is our friend. You can probably find it on their website too.

Re: Anyone have luck Swing AES??

jaypsu — Sun, 04 Jan 2009 03:51:50 GMT

Well, no luck on a GO to AES/PEA for me. I received a letter from them today informing me "the credit information reported to each consumer reporting agency was correct due to the period of delinquency on your loans."

I seem to remember someone else reporting the same response from them. It's irritating because I wasn't disputing the accuracy of the information they released; was just asking for a bit of forgiveness. So much for that idea.

- Jay

Re: Anyone have luck GWing AES??

zyal8trr — Sun, 14 Feb 2010 00:20:26 GMT

Reviving an old post, Mike14, did you ever have any success?

Re: Anyone have luck GWing AES??

Mike14 — Mon, 15 Feb 2010 14:07:13 GMT

zyal8trr wrote:
Reviving an old post, Mike14, did you ever have any success?

I never sent the letter, despite wanting to send it after the loans were successfully rehabilitated and they have been for over 6 months. I will send it eventually, and update this thread with any results.

Re: Anyone have luck GWing AES??

LamsT — Thu, 04 Nov 2010 05:38:32 GMT

Hi Mike, any word yet? I have several loans with AES that were successfully rehabbed but still show 180 day past due in 2005, just wondering what you may have come across.

Re: Anyone have luck GWing AES??

Mike14 — Thu, 04 Nov 2010 12:23:15 GMT

I never sent the GW letter. However, are the lates showing on the NEW rehabbed TL? That should not show lates, as it's a new loan. That happened to my wife with another rehabbed TL; we just disputed with the CRA as "never been late" and they cleaned it right up. If the lates are on the original TL, a GW would be needed, or just wait till it falls off.

Re: Anyone have luck GWing AES??

reneern1 — Sat, 05 Jan 2013 02:18:21 GMT

Can you pm the gw letter you sent them!