Will anyone lend to us? Student Loan lates last year.

[Anonymous]

Scores are between 539/560/584. Last year we thought my wife's work was paying student loans (shown on paycheck) but then 4 months later it was determined she did not qualify for program and 4 months of loan payments were not made. (For 4 months we were told there was a bureaucratic error/delay) We brought the account current when this was confirmed. BUT for Oct/Nov/Dec/Jan of last year and this loans reporting 30/30/60/90. Hence the score drop. With this score and explanation, will we qualify for refinance or mortgage loan? Any idea how long it will take for these lates to age enough to have positive impact on score?

[Anonymous]

latses will have to hit a minimum of a year, and scores need to recover to at least 620 midscore to have a decent shot.

[tunseeker1]

Do you still have the paystubs?

You can show these to any lender to try and help clear up the confusion.

You should put a statement on your reports explaining what happened and hope that helps.

Have you talked to the loan companies and explained what happened in hopes of having the lates removed?