Regular Contributor
vabound
Posts: 147
Registered: ‎03-21-2012
student loan question

today my husband recieved a call from a collections agency regarding a debt from Sallie Mae that stopped reporting on his credit report in 2010.  So as he was explaining this to me I started thinking "wait do you owe on a student loan?"  turns out he defaulted in 2003!  so now I am wondering if this will appear on the CAIVRS list or not.  I am not sure if it is a federal or private loan as Sallie Mae offers both.  He said the balance was $3K.  In his defense, he had never heard of the CAVAIRS and neither had I until I started coming to this site.  Not sure what to do.......The ca is not reporting this debt on is credit report...

Starting Scores:TU/513 EQ/484 EXP/513 3/2012 (lender pull)
Current Scores:TU/681 EQ/637 EXP/613 11/2012 (lender pull)
Goal:700 across the board
Regular Contributor
vabound
Posts: 147
Registered: ‎03-21-2012
Re: student loan question

It is indeed a private loan.

Starting Scores:TU/513 EQ/484 EXP/513 3/2012 (lender pull)
Current Scores:TU/681 EQ/637 EXP/613 11/2012 (lender pull)
Goal:700 across the board
Community Leader
Senior Contributor
laz98
Posts: 4,334
Registered: ‎09-06-2008
Re: student loan question

Has he gotten any paperwork from the collection agency, & does he have any of the original paperwork (in case he needs it)?

 

Do you have the money to pay it?

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 716. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Regular Contributor
vabound
Posts: 147
Registered: ‎03-21-2012
Re: student loan question
No to all three questions. It was a private loan and the dofd was in 2003.
Starting Scores:TU/513 EQ/484 EXP/513 3/2012 (lender pull)
Current Scores:TU/681 EQ/637 EXP/613 11/2012 (lender pull)
Goal:700 across the board
Community Leader
Senior Contributor
laz98
Posts: 4,334
Registered: ‎09-06-2008
Re: student loan question

I've never heard of CAIVRS either.  I'm not sure what I would do.  I guess I would wait to see if I got any paperwork about it & see if they are offering me any repayment options.  Private loans, unfortunately, are quite a hassle from what I hear on these forums :smileysad:

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 716. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.