Backdated Deferrment and Removing Lates

[ChevyGuy]

Hello all,

Currently in the process of repairing my credit and doing research and need some guidance. I have 4 negative closed student loan accounts with lates on them i'm trying to get removed.

The first is being reported by ACS/Dept of Ed for a 60 day back in 2009. Account is reported as "Current: paid or paying as agreed" and was transferred. From what i've read, ACS simply will not remove lates...so I think i'm screwed there.

The other 3 are being reported by Great Lakes/Dept of Ed for lates back in 2011. These 3 are reporting as 120+ days late and were transferred.

All loans were rehabbed once transferred and are now being serviced by Navient in good standing. I've been working with a VERY helpful lady from their military benefits team, and the loans have been deferred from Feb 2011 through late 2016 which covers the period of lates through Great Lakes. The loans were rehabbed by the Dept of Education (www.myeddebt.com)

My question is, do I start with a GW letter to Great Lakes, or try to dispute with them stating the loans should have been deffered since I have a backdated tetter, or where do I go from here? Thank you in advance!

[cassett]

You could try to dispute, especially since you have documentation. The only stance ive seen student loans take on this is that the late that is reported on the report is accuruate and will come back verified through the CRAs.  I have a similar issue with salliemae/Navient. I disputed as never late/deffered and it came back as verrified. 

I dont know if this will work but i am trying to get ahold of someone at Navient to send me proof of my late payments. Or just a payment history of the entire loan. Since my account is backdated it should be showing up as no late payments whatsoever. With this information I plan to file a complaint with CFPB. Not sure if this will work but worth a shot.

My opinion on this matter is that the Creditor is Illegally reporting these lates to the CRAs. If they are backdated they must report accurate information to reflect the information that they have on file.. Which is that my loans have never missed a payment. 

[cassett]

I actually just called them and talked to a very nice young lady who brought up all of my account information dated all the way back to 2009 and said it showed that i have never missed a payment and she will send me all of the documentation to show that. She is also sending me all of the dates of forbearance and defferment. I told her that my credit report was showing 44 late payments. She said she would send me all of the info showing i have zero missed payments and am in good standing with them. Not sure how much this will help with CFPB but i will keep you informed.

[Its_Me]

 So is it possible to get a back-dated deferment? I filed Chapter 13 in Jan 2010, confirmed May 2010 at which point the loans were transferred to ECMC. All payments current up until that time. The loan went into forbearance during the Ch 13 so interest has accumulated. However, I went back for my bachelor's degree in Sept 2010 until May 2014 (half-time). The loan should have been in deferment and because it is a federal Stafford loan, no interest. For the longest time, I didn't know where the loan went and I guess instead of pursuing it, I just let it go while in the Ch 13. 

Do they back-date deferments and remove the interest?

I appreciate any feedback or advice on this matter.