topic Re: Student loans as late in Student Loans

Student loans as late

Anonymous — Fri, 22 Feb 2019 21:26:29 GMT

I have student loans from years back that are reported as late. I was in school and the timer should not have been started but the school didnt report that I was enrolled. So i have several loans that are late but they are also paid because I consolodated them. The student loan said I was responsible for them and would not change the reporting. Should I dispute them off or is that giving me some credit age?

Re: Student loans as late

Anonymous — Fri, 22 Feb 2019 21:34:25 GMT

You're thinking of disputing to remove the lates, right? Good lines would stay on your account for up to ten years after closing. It shouldn't affect age. It's still on your report whether it's positive or negative.

Re: Student loans as late

Anonymous — Fri, 22 Feb 2019 21:57:27 GMT

Yes , so if they remove the whole account everything will go with it wont it? Also when submitting for a dispute what is a good reason to use ? I guess it wouldnt be so bad to have it fall off since its reporting late . its late in 2014.

Re: Student loans as late

Anonymous — Sun, 24 Feb 2019 04:02:59 GMT

This is correct. You're not saying the lates were a mistake so the servicer has an obligation to report them. Sometimes they can be removed with a dispute; whatever you put should be the truth imo. If they don't get removed, you'll just have to wait.

Re: Student loans as late

Anonymous — Sun, 24 Feb 2019 04:26:41 GMT

The lates are actually a mistake because my school should've reported as enrolled but because they didnt the timer started on my loans. When your in school you dont have to make payments until after 6 months of being out.

While I was In school and should not of had to make payments. But be because the reporting was not accurate it started my payment timer.

Re: Student loans as late

Anonymous — Sun, 24 Feb 2019 09:11:26 GMT

Was this a continuation of your studies or was there a gap before you returned to school?
Also, were you enrolled at least half time?

Re: Student loans as late

Anonymous — Sun, 24 Feb 2019 09:19:53 GMT

I was enrolled full time and it well I was in school for my associate's.

Re: Student loans as late

Anonymous — Mon, 25 Feb 2019 17:49:09 GMT

If the semester they failed to report you as enrolled was continuous, yes, you shouldn't have begun your 6 months grace period yet. If there was a gap and you went back to school it was your responsibility to ask for the in-school deferment even though sometimes it's automatically granted.
I would start by gathering the papers proving enrollment, such as maybe your transcripts with grades to prove you finished the semester. Submit these to your servicer, in writing (mail or fax, without your phone number), with an explanation of the problem. Let them reply in writing. If you make a phone call or send mail log the dates and people you had contact with. You should also get copies of your bills and any written notifications they sent during the time of the lates and your enrollment.

If you do not have success dealing with your servicer, the next step is the student loan Ombudsman. If you don't get a good resolution there, go to the Consumer Financial Protection Bureau and file an online complaint there. Tell the story in detail and include all the paperwork and information from above. That had the most success for me. It seems like a hassle but I would do it if I had lates that weren't my fault. Servicers often avoid accountability. I don't think federal student loan lates fall off after 7 years. You might want to check.

Re: Student loans as late

Anonymous — Mon, 25 Feb 2019 17:52:20 GMT

Thank you for the detailed reply. I will definitely try that.

Re: Student loans as late

Anonymous — Mon, 25 Feb 2019 20:52:34 GMT

You're welcome. Good luck and keep us updated.

Re: Student loans as late

Anonymous — Tue, 26 Feb 2019 16:50:57 GMT

Well I disputed one of the many student loans I have. I have one from 2008 that defaulted around 2009 or 2010. I paid this loan with cash after it was defaulted. They just updated my credit report from the dispute. They put that they filed a claim with goverment and it showing up as feb 2019 so it says on file until 2015.

i found this on the experian q and a.

although the original accounts are now closed, they are still a part of your credit history. Failing to repay any debt is always considered negative.

When a borrower defaults on student loans that are guaranteed by the federal government, the creditor can file a claim with the government to recover the amount of the loan. However, the borrower still owes the debt.

The government can consolidate the accounts into a new loan for collection of the debt. The status "claim filed with government" indicates that has taken place.

The original student loan accounts will remain on your report for seven years from the initial missed payment that led to the claim being filed with the government."

This loan was paid off many years ago by cash but they are now updating to look like they just filed a claim. I guess more work. Not to mention I locked myself out of my experian credit report by choosing a wrong answer and now I have to request by mail.

Question now that I have updates on my report do I get to request a new one for free?

Thanks

Re: Student loans as late

Anonymous — Tue, 26 Feb 2019 18:15:53 GMT

Update:

I called experian and did a dispute over the phone and will type a letter and submit it. I also called the student loan and they confirmed that they didnt file a claim this month and they are not showing that info on their side. So im not sure if its to fresh but hopefully it gets resolved. I am also going to try a goodwill letter as well.

Re: Student loans as late

Anonymous — Tue, 26 Feb 2019 19:12:06 GMT

That's great!
They send my credit report iautomatically when I do a dispute. I've gotten them for each one and it didn't matter whether it came out in my favor it not. They were by phone.
I don't think Goodwill letters are a good idea. In your case it was not your fault; the error was cause by your enrollment not bring credited. A Goodwill letter says it was my fault, but could you please forgive it. Plus you can't do that with federal loans. They have to report accurately. It's different regulations than credit cards, etc.
I would just keep don't what your doing. Maybe if you don't have success by phone try mail. Then the Ombudsman, then CFPB. They didn't do what they were supposed to. Sometimes you need to give them a nudge. In my expertise the worse the problem, the more likely they'll give excuses and hope you go away.
You've been making excellent progress. Hope the dispute turns out well.

Re: Student loans as late

Anonymous — Tue, 26 Feb 2019 19:17:14 GMT

Thanks for the encouragement. Its a lot of work trying to get accurate information on credit reports. Worst case scenario alot of these student loans will fall off in the next year or two. That's basically the only thing really hurting me.

Credit karma has me around 630s and Experian fico8 says 593. I worked my way up from a low 500s.

Re: Student loans as late

Anonymous — Tue, 26 Feb 2019 19:18:54 GMT

Also I was apart of the ITT student loans so I'm going to see about loan forgiveness as many of my classmates have gotten.

Re: Student loans as late

Anonymous — Tue, 26 Feb 2019 21:00:46 GMT

It's hard to clean up your reports, but sounds like you've gotten a lot done already. These disputes will give you three new ones. Every so often I buy the 3B credit scores for $1 from creditchecktotal too (just cancel as soon as you save them). You can do this even if you've done it before.
I've been working with someone who has a similar situation as yours and getting out of the 500's seems the biggest challenge. You've done that. Once this is fixed I think your score will look really nice.
Oh heck yes! Not only is it forgiven, but it's not taxable income. If you qualify, I'd do that right away. Since they were ordered to resume processing, it shouldn't take that long at all.

Re: Student loans as late

Anonymous — Fri, 12 Apr 2019 21:23:33 GMT

Edit: I forgot to mention that my loans defaulted from them starting the timer on payments early. They are showing me as late when I was in school and should have had the differment. They said my school reported me as time . Well half time still qualifies for deferment. This default has increased my intrest through consolidation, excluded me from some Public service loan forgivness programs for nursing. and ruined my report as well causing stress and lost time.

Okay so update:

NMEAF New mexcio educational assistance foundation-

So after talking with Experian they filed more disputes on my behalf. This made things worse and they made 9 accounts look brand new defaulted student loans. So I contacted NMEAF and they said they havent touched it and everything looks right on their end. I even contatced the ceo. Well no change. So I contatced the CFPB and complained to them about NMEAF and included Experian .

Well they updated it and it looked better only for experian to go in 2 days later and dispute all 19 accounts with NMEAF. Well this really messed things up because now they put a failure to pay as of 04/19 and removed all previous history. SO I contatced NMEAF again and they say it looks good. So I sent here 3 images of all different reporting accounts. Still have not heard back. ALso my score dropped from 686 to 634 from those changes. SO FRUSTRATING.

I just filed another complaint because they defaulted me and have lates whie I was still enrolled in school. I have my transcripts proving I was enrolled and should have had in school deferment in place. SO lets see , I also Hired an attorney, requested meetings with my state senators, filed a complaint with the attorney general as well. I plan on doing more.

Im sure they have done this to others as they stand to get paid from defaults from the Government .

Re: Student loans as late

Anonymous — Fri, 12 Apr 2019 23:44:05 GMT

okay another update:

I got a call back and now theyre saying its NM student loans Guarantor reporting the wrong info. Which is actually the same company so its kinda weird.

So whats even worse I looked through my National Loan Database and none of the amounts or dates match up. Also there are more accounts than loans so something is wrong.

Re: Student loans as late

Anonymous — Sat, 13 Apr 2019 14:46:38 GMT

That's so weird!
The school years that are not reporting as you having attended half-time... Was that a first attendance or there was a gap and you went back to school?
Did you check your personal information on NSLDS? Could they have linked you with someone else's loans? You can expand each loan to find out the details too. Your grants would be listed as well.