10-12-2012 02:53 PM
I have a Sallie Mae SL and a SM Dept of Ed SL. I recently returned to school and both were automatically deferred even though I just paid off the DoE SL. Is it worth my time to dispute? Would the paid in full account be a benefit to me vs. a deferred loan? Also, will the deferrments hurt my CS at all? Please advise. I have spent the past year paying off my BofA CC, Mohela and ACS SLs as well as settling a joint account that the ex decided he wasn't going to pay anymore. So far my scores have improved a bit and I am trying to get to a place where I can purchase a car and a home. Any advice is appreciated. Thank you
10-12-2012 03:18 PM
I don't think it would hurt you, really. Installment accounts are not a big part of your score. It 's probably some excuse like it's somehow faster to report a deferment than a paid-off account. Did this update at its normal time, or is it in between normal updates? I'd wait until the next update & see what it shows up as.
11-25-2012 10:59 AM
Thanks so much for the information. I did decide to wait and now both are reporting accurately. Unfortunately, there was absolutely no change to my CS. On to another approach, I suppose. I appreciate your help!