Credit Card Center Advertiser Disclosure

New Visitor
Posts: 2
Registered: ‎06-28-2013
0 Kudos

Student Loans transferred over due date, new account past due

I've seen a lot lately about federal student loan being transferred to different loan servicers.  I too, have had that happen this month.  When I logged in to make a payment, I noticed my acct has a 0 balance and I was unable to make a online payment.    I  called and was told it was transferred and would need to contact my new loan servicer to make payment.


So, that's what I did.  They said that it would take a few weeks to get everything in their system and to wait for a welcome packet.   Now it is 1 week later-- no welcome packet yet, but the online system has everything loaded.  It shows my account 6 days past due with delinquent status.  


This is the first day I am able to make a payment due to THEIR transfer.  I just scheduled one for today.


 Will my account always show that I made a late payment?  I have a perfect payment histrory  and hate for this to show up.  I am going to apply for a mortgage in the next few weeks and the printable reference letter on their site says past due.

Frequent Contributor
Posts: 390
Registered: ‎03-24-2013
0 Kudos

Re: Student Loans transferred over due date, new account past due

[ Edited ]

Where you 30 days late? (Some loans won't even report until you hit 60 or 90 days.) If not, then it won't be reported. You may get a late fee but due to the transfer, they should waive it. If a late fee pops up(or you get reported), be sure to call them. If they give you some BS about should have sent payments via snail mail, don't accept that. Tell them you don't like sending checks in the mail due to fear of being lost or arriving late, etc. I think at least some of the servicers temporarily modify your due dates during the transfer process as well.


Edit: Somehow I missed the 6 days past due part. You should not be reported for that but call them and make sure you sort it all out. Things like this make me glad my loans were transferred while in the grace period.

|| Barclaycard Rewards Visa $5500 || AMEX BCE $2000 || Discover IT $3000 || Amazon Rewards Visa $1800 ||
|| Chase Freedom $2700 || CSP $5000 || Chase Marriott Premier $7500 || Sallie Mae MC $3800 ||

FICO Scores: EX 752 (3/13/13) || EQ 782 (10/4/13) || TU 724 (1/18/13)

In the garden as of 10/12/2013
Established Contributor
Posts: 731
Registered: ‎08-12-2011
0 Kudos

Re: Student Loans transferred over due date, new account past due

You are in the clear as far as credit reporting goes. Just make the payments for now but keep a close eye for any fees or penalty interest rates being applied for paying after the due date. If they give you any grief, contact your ombudsman. You should be totally fine though

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† 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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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

IMPORTANT INFORMATION: All FICO® Score products made available on 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.