Reply
Frequent Contributor
Posts: 320
Registered: ‎07-08-2012
0

Disputing with Sallie Mae

[ Edited ]

Hey everyone,

 

In the past I had succes in disputing some lates with SM and once it reached their executive office they did remove them once they realized it was an error on their part.

 

However, they failed to remove 2 60 day lates from 1/2009 (2 loans). I know this was 4 years ago and maybe not effecting me too much, but I just realized...and I dont know why I didnt before...I was in school half time from jan-may...as I graduated in May 2009. I wonder why this was not realized on their end? Doesn't the University usually transmit information to the student loan companies?

 

I'll have to find a transcript...but if I can prove I was in school half time I should have a decent case at getting them removed as they should have been deferred, right?

Community Leader
Senior Contributor
Posts: 4,336
Registered: ‎09-06-2008
0

Re: Disputing with Sallie Mae


Kozmo wrote:

Hey everyone,

 

In the past I had succes in disputing some lates with SM and once it reached their executive office they did remove them once they realized it was an error on their part.

 

However, they failed to remove 2 60 day lates from 1/2009 (2 loans). I know this was 4 years ago and maybe not effecting me too much, but I just realized...and I dont know why I didnt before...I was in school half time from jan-may...as I graduated in May 2009. I wonder why this was not realized on their end? Doesn't the University usually transmit information to the student loan companies?

 

I'll have to find a transcript...but if I can prove I was in school half time I should have a decent case at getting them removed as they should have been deferred, right?


That is the key word right there.  Yes, usually they do, but sometimes they are slow to do it, or don't do it at all, & it's up to us as the borrowers to nag them & make sure it gets done, or notify the lenders ourselves.  I think if you have actual proof that you were in school, & maybe even get the university to back you up, then yes, I would think (but can't guarantee!) that you would be able to get the lates removed.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Established Contributor
Posts: 510
Registered: ‎09-25-2009
0

Re: Disputing with Sallie Mae

that is what I am exactly fighting right now with Sallie Mae, same issue.  I had to prove that I was in school due to wrong date of graduation.  I had to send them my transcript/and proof of registration history.  That started a ripple effect, which caused me to file for unemployment deferrment, but they still report 3 lates, which didn't make sense.  I had to dispute and fax them a goodwill letter to investigate.  I am waiting to hear back.  I never been late on the loan.  You should have a decent case, just order either your transcript or get the university to give you a registration  history with the seal, that should be sufficient.


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.