Did I just beat Fedloan!!??

[JustinA]

Fedloan has been reporting 180+ late on all bureaus which encompases 6 or my 7 late payment accounts.

Today I called all my previous schools for transcripts and finally had proof that I was in school full time or in the 6 month forbearance period...over the dates they report as late.

I emailed them to accountinfo@myfedloan.org and I asked them politely to review and remove all delinquencies.

I never really had supporting documentation submitted in the past...but do you guys/gals think this will suffice? Did I beat the unbeatable??

If in fact I do...I am dancing around wondering where my 619 credit score will jump to once these show paid on time 100%.

Justin

[RobertEG]

Did yu send your documentation as support for a direct dispute, or simply as a request for their review?

It should have been sent as a direct dispute under FCRA 623(a)(8) in order to impose a 30-day period for conclusion of their investigation.

Only their response will determine whether they concur.

[JustinA]

I asked for a review :/ But if it's wrong it's wrong right?

[RobertEG]

The issue if one of placing them under a required period for investigation and response.

The dispute processes under the FCRA require completion of a reasonable investigation within 30 days, and sending a formal notice of results within 5 business days thereafter.

Informal communications impose no time period for investigation or response, and no requirement that the resulting investigation be legally reasonable.

Stated differently, if they simply respond to a general inquiry, you cannot bring cvil action for lack of a reasonable investigation of your dispute.

[JustinA]

I'll be contacting them again or the CRA's and dispute with documentation then it sounds. Thank you for clearing it up for me

[JustinA]

Went through the dispute process with all 3 bureaus. Supporting documents uploaded on EQ and EX. TU was a pain in the butt, but I will snail mail the documents to them tomorrow. I can only hope for the best now.

I am pretty sure that after being enrolled full time, you are on 6 month forbearance after last date of enrollment. If everything holds up I will be 100% on fedloan. Its going to be a long month :/

[Anonymous]

keep us updated.

[Anonymous]

I have been fighting with fed loan also. In 2014 they reported 1 loan as late 2 times. Makes no sense since I graduated only 5 months earlier. However I was consolidating loans at the time so just in case I got a forbearance until consolidation was final. I have the approval letter. I have contacted all 3 cra's with the letter and still nothing changes. I don't know if fedloan is just overburdened or what but cras just update the loan as paid, that's it. The lates never got removed even with proof. I don't understand any of it.

Im curious if you'll have better luck

[JustinA]

I spoke with a guy higher up directly. Told him the situation. And that it's been disputed a few times over the years...and that I was hesitant because I didn't want a frivolous dispute. He named the dates late and I told him based on my student ledger I was full time.

His advice was "well that's a game changer. Send your ledgers and transcripts and we will remove accordingly" So well see

[Anonymous]

I just faxed off another round of letters to them. Along with my tarnscript which shows my date of graduation. Heres hoping for luck for both of us!