topic Re: Student Loan in Student Loans

Student Loan

Anonymous — Mon, 28 Jul 2014 19:38:13 GMT

Hello everyone so I refinanced my student loan from Kentucky Higer Education to Sallie and then Sallie Mae sold it to DOE and then Department of Education trasferred to Great Lakes. My problem is all the initial ones are on the credit report and have some delinquent reporting on them. Even though the delinquency goes back a few years I was told by a lender that I can request the negative reporting be removed or the actual reporting be deleted. KY Higher education made it seem as though I have several different accounts with them. Instead of consolidating the account each semester that I received a loan from them they created a different account number.

Re: Student Loan

Whitneyy — Mon, 28 Jul 2014 22:04:00 GMT

So what are you trying to figure out?

Re: Student Loan

Anonymous — Tue, 29 Jul 2014 16:36:56 GMT

I apologize I was so happy. I was wanting to know if they would delete the ones that had been refinanced.

Re: Student Loan

Whitneyy — Tue, 29 Jul 2014 19:53:38 GMT

Only way you would know is if you ask, I would send in a letter explain what happened and your situation and ask for forgiveness and in return, they delete the older tradelines.

Re: Student Loan

pisspoorcredit — Tue, 29 Jul 2014 20:53:31 GMT

I have a very similar situation. I'm currently in a rehab with the new servier and 1 month from being done with it. BUT...I still have old tradelines reporting on my CR's as if they are separate. Can I dispute these along the lines of these are inaccurate? New servicer is reporting new balances, which are totally different from the OC's tradelines.

Re: Student Loan

Anonymous — Tue, 29 Jul 2014 21:02:09 GMT

Okay thank you. I sent a letter to the Lenders and also did a dispute online.

Re: Student Loan

Whitneyy — Wed, 30 Jul 2014 09:41:16 GMT

@Anonymous wrote:
Okay thank you. I sent a letter to the Lenders and also did a dispute online.

I don't think you should've disputed because sometimes it still comes back verified, I mean its still your debt. The goodwill was to excuse the issues on the tradeline and have them update to show perfect.

Re: Student Loan

Anonymous — Wed, 30 Jul 2014 13:34:25 GMT

Man I am stll learning. Thank you. I will wait and see the outcome.

Re: Student Loan

Whitneyy — Wed, 30 Jul 2014 19:58:06 GMT

@Anonymous wrote:
Man I am stll learning. Thank you. I will wait and see the outcome.

I understand, let me know.

Re: Student Loan

pizzadude — Thu, 31 Jul 2014 02:49:00 GMT

Moving to Student Loans

Re: Student Loan

SCF — Fri, 01 Aug 2014 23:12:52 GMT

@pisspoorcredit wrote:
I have a very similar situation. I'm currently in a rehab with the new servier and 1 month from being done with it. BUT...I still have old tradelines reporting on my CR's as if they are separate. Can I dispute these along the lines of these are inaccurate? New servicer is reporting new balances, which are totally different from the OC's tradelines.

The orignal servicer who had your loans before they defaulted can report that negative history even though you've entered rehab. Once your rehab is completed, your loan will be sold to a new servicer, and the old one will be required to update those old pre-rehab tradelines. At a minimum they will be required to remove the default remarks and status from the loan, but some servicers will go farther and also remove the old late marks or delete the tradeline entirely.

Once the default status and remarks are removed, the servicer has done what they are required to by law, but you can still attempt to GW them to get any negative information that they leave on your report removed.

Re: Student Loan

Anonymous — Mon, 04 Aug 2014 17:49:07 GMT

I took a risk and disputed 7 sold student loans that total 17,938 online. The 7 accounts had 150+ lates reporting. I received Transunion results next day all 7 deleted. I'm waiting on Experian and Equifax will update this thread when receive those results

Re: Student Loan

Anonymous — Fri, 30 Jan 2015 23:11:06 GMT

I am also in a similar boat and it makes it confusing for me to figure out what to do about repairing my credit. I currently have 37 trade lines on my credit report for installment loans which are all student loans I had taken out in college. At the time I was naive and did not do my best to keep the payments current .

The situation here is that I originally had the 9 loans through Wells Fargo EFS and they later became ACS Wells Fargo, then the went on to Dept of Education/Nelnet and finally I consolidated all of them and started making payments 3 months ago. There were also 2 loans from Sallie Mae that pretty much went through the same process.

I noticed however that after consolidation Dept of Education cleared out the late payments and my payment timeline is all green on all my Dept of Education accounts however my worst delinquencies are still listed on most but not all of them

On the other hand the Wells Fargo EFS and ACS Wells Fargo still have the negative trade lines since they were closed in 03/2011 and 10/2014 respectively.

Same goes for Sallie Mae that was closed in 08/2012

What are my options here?

Thank you