Hello,
Asking advice for my sister who called me in a panic last night. My sister has near 50k in private student loans from US bank, received an alert via CK that remarks were ‘removed’ from her loan (she never disputed it in the first place)
And it dropped her 723 credit score to 698. She has never paid a payment to them and the accounts were charged off with zero balance. DOFD WAS 5/2012. She lives in OH so the SOL for this loan is 5/2018. Just a mere 6
Months she was hiding out.
In the past, they were unwilling to work with her (she was still in school but PSLs don’t care about that) and wanted 600 a month of her 13k salary. She let it default. Throughout the years, she’s attempted to settle and a few times they’ve countered her offers. One time she attempted to settle for 6K, they accepted and the account was sold to another agency. This happened three times. The account would then be retracted back to US Bank, where in 2014 they finally charged it off.
Anywho, she’s finally finished with school and consolidated her federal loans last month. The consolidation was complete and now she receives this alert that remarks were removed from the accounts. She is freaking out as she did not want to ‘wake the bear’ and be sued. On one hand, I am assuming the consolidation is what ‘woke the bear’ but I read today on a credit building Facebook group that others have had the same alert.
What should she do? My advice was to chill out and relax and don’t
Make ANY changes, apps, etc and to opt out.
Thoughts?
Thank you if you got this far
