Yet Another Student Loan Question

[Anonymous]

I read somewhere on the thread about certain Student Loan companies providing customers with a "grace removal" of lates despite the Fair Reporting Act thingy.

Here is the situation: I was laid off when my company went under. Being totally naive about the process I didn't ask for a forebearance (as it would have been the 2nd one). I did finally call them and requested and received a forebearance retroactive to the time I was unemploymed.  But all three loans are showing 120 days late. And with NelNet I had a bunch of "mini" loans and each one is showing 120 day lates.

I've since consolidated my loans & have almost two years of pay on time (yea). Now I'm wondering if I could get these lates removed and bump up my score even more!

BTW... this forum is so cool. Since I've read and read and acted my score has jumped 40 points!

Thank you

[Anonymous]

I also have nelnet student loans with lates.  I believe they were 90 or 120.  Called a representative, explained very nicely about the circumstances (job loss) and that I have been working diligently to get pay on time and restore my credit rating.  Rep told me that they were not able to delete because the info. was reporting accurately.  Asked for a goodwill adjustment - said they were able to use their discretion considering the circumstances.  Still "No", however, they were all removed the next month and now report as on time with no lates.  Very pleasantly surprised.  Because they were approx. 2 years old I didn't see a big jump in scores but it looks a lot better (maybe 6-10 pts).  Good luck

[Anonymous]

Thanks for the update... That will give me the confidence to start a telephone campaign & GW letters to NelNet!