Sallie Mae reporting

[Jslow]

I have 3 student loans through sallie mae, they went past due in 2011, my cedit report shows feb 11 paid, then march 11 90 days past due then 6 120 days past due, why didnt they go 30 then 60 days past due first?

Status as ofDate opened [?]Date of last activity [?]Account number [?]Largest past balance [?]Account Type [?]Account holder [?]Scheduled Payment Amount [?]Industry

Feb, 2013

Jan, 2010

Feb, 2013

XXXXXXXXXXXXXXXX0100

$1,977

Installment

Individual

$22

Miscellaneous

Descriptions [?]

• Student loan
• Fixed rate

No contact information provided by Equifax

Balance [?] Current Status [?]

$1,857

Pays account as agreed

Seven year payment history [?]30 days late60 days late90+ days late

0 times

0 times

7 times (Sep 2011, Aug 2011, Jul 2011, Jun 2011, May 2011, Apr 2011, Mar 2011)

Recent payment history [?]2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 12011 2012 2013

Legend:	Currently paid as agreed
	90 days late
	120 days late

[Jslow]

sorry for the ugly CR paste

[SCF]

Did you make a partial or late payment at any point?

My guess would be that you paid some amount, and that was applied to your March payment, capping it at a 90-day late.  Otherwise it could just be some quirk or reporting, or a mistake.

The reason there are no 30- or 60-day remarks is because those remarks were changed when the payment when into the next overdue category.  Had you pulled your report at the appropriate time, you would have seen the 30, 60 and 90 day remarks for each of those months, but since they were not paid, they moved to the 120+ category, which I believe is the most overdue mark you can get for a payment.

[Jslow]

Yeah but shouldn't march be 30, April be 60, may be 90 then June at 120? How can they report me in march 90 days late, if i wasn't 60 days late in Feb?

[SCF]

Because it is reporting how late THAT payment was.

For instance, you don't pay March until it is 91 days late, so in July.  If at that time, you bring the account current, your March payment would be 90, April 60, June 30, and your July payment would be on time.  If you only paid the March payment, the other payments would continue to become later and later until they hit the 120 day mark.  If you do make partial payments on an overdue account, that's why its important to understand how the payment is applied.  If most of it goes to penalties or interest, it may not actually pay the overdue amounts, and they can continue to go late.

[Jslow]

As far as i knew the lates aren't how late you paid but how many days behind you are, hence why they report in ascending order

[llecs]

It's not uncommon to have a creditor skip the 30 and 60, or not report at all initially. Certainly pull up your payment history and reconcile, but if the 90 or worse were accurate for that month, you wouldn't want to tell your lender to add two more lates.

[Jslow]

I was wondering that. Not that it would matter 21 120+ day lates well kill me a long time, and nothing i can do about it because of who the loan is through...who says credit isn't a game...