Established Member
shychi24
Posts: 19
Registered: ‎05-04-2012
Sallie Mae Deferrment - Dispute or Not?

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


Starting Score: 5/2011 579 EX (Fako)
5/2012: 660 EX (Fako) 680 EQ 704 TU
5/2013: 682 EX 698 EQ 735 TU
8/2014: 715 EX 714 EQ 714 TU
Goal Scores: 720 across the board
In the Garden until July 2015; last app May 2014

My wallet: BoA Platinum Plus $7,500, BoA Cash Rewards $5,000, Barclay's UPromise MC $5,000
Community Leader
Senior Contributor
laz98
Posts: 4,300
Registered: ‎09-06-2008
Re: Sallie Mae Deferrment - Dispute or Not?

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.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 716. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Established Member
shychi24
Posts: 19
Registered: ‎05-04-2012
Re: Sallie Mae Deferrment - Dispute or Not?

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!


Starting Score: 5/2011 579 EX (Fako)
5/2012: 660 EX (Fako) 680 EQ 704 TU
5/2013: 682 EX 698 EQ 735 TU
8/2014: 715 EX 714 EQ 714 TU
Goal Scores: 720 across the board
In the Garden until July 2015; last app May 2014

My wallet: BoA Platinum Plus $7,500, BoA Cash Rewards $5,000, Barclay's UPromise MC $5,000