I'm new to the forums and I'm trying to improve my credit. I am currently in grad school, and therefore also need to apply for a grad plus student loan. My problem is that I had an outstanding debt to ATT that went through BCR (Bureau of Collection Recovery). I paid the debt on 2/22/10 and I need a paid in full letter from them to send to AES. My problem is that BCR refuses to send me a letter until 3/22/10, which I'm afraid will be too late and I will need to reapply for the student loan again. I also need the money to pay tuition sooner than later. Is there anything at all I can do to get this letter from BCR? I've tried to fax my bank statement to AES showing that the amount was cleared through my checking account, but apparently they need the actual letter. Any help would be great, thanks in advance.
I'm new to the forums and I'm trying to improve my credit. I am currently in grad school, and therefore also need to apply for a grad plus student loan. My problem is that I had an outstanding debt to ATT that went through BCR (Bureau of Collection Recovery). I paid the debt on 2/22/10 and I need a paid in full letter from them to send to AES. My problem is that BCR refuses to send me a letter until 3/22/10, which I'm afraid will be too late and I will need to reapply for the student loan again. I also need the money to pay tuition sooner than later. Is there anything at all I can do to get this letter from BCR? I've tried to fax my bank statement to AES showing that the amount was cleared through my checking account, but apparently they need the actual letter. Any help would be great, thanks in advance.
It could be because they want to be absolutely certain the check will clear. Checks can come back unpaid and so can ACH transactions even after several weeks. If they give you the letter now and then your payment is reversed then they lose.
