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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 accurateEven after being paid - it is tough-
@Anonymous wrote:It is impossible is get GW on SL while there is a balance because of the HEA that requires them to report accurate
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.
@Anonymous wrote:
@Anonymous 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!!
Can somebody provide a mailing address for AES? I would like to try to GW some late payments from the past. Thanks.