cancel
Showing results for 
Search instead for 
Did you mean: 

When can I expect lates from defaulted SL to fall of my report?

tag
Anonymous
Not applicable

Re: When can I expect lates from defaulted SL to fall of my report?

This looks like a red flag to me Mo Smiley Indifferent The main reason this annoys me is because they werent labeled as credit finance accounts when I pulled my first EQ fico, then once I added some revolving lines they mysteriously became them. TU FICO doesn't say they are CFAs.

 

 

As far as the lates go, I made two consecutive payments a really long time ago, then managed to get a deferment because I went back to school for a class, then that expired and I didn't know you could get reduced payments and such so I never called to talk to Sallie Mae about my options. I was ignorant and rather than researching I folded and gave up on my credit, just stupid. Smiley Sad

Message 11 of 18
BungalowMo
Senior Contributor

Re: When can I expect lates from defaulted SL to fall of my report?

I see what you mean now...BUT...are those the loans you have now??  Those aren't the sallie loans, right?

 

When you go to your acct section & open each one...sallie will have the little mortarboard icon, for student loan.  What do the new loans show??

BK 7 discharge 06.24.2020 No Fico score at all. Smiley Sad
Message 12 of 18
MarineVietVet
Moderator Emeritus

Re: When can I expect lates from defaulted SL to fall of my report?

Marinevietvet quietly stands off to the side grateful that he's not creating any more damage than he already has.  Smiley Happy

Message 13 of 18
BungalowMo
Senior Contributor

Re: When can I expect lates from defaulted SL to fall of my report?

 


@MarineVietVet wrote:

Marinevietvet quietly stands off to the side grateful that he's not creating any more damage than he already has.  Smiley Happy


But we still know you're there....just waiting to pounce the first time I stray off target.....

 

BK 7 discharge 06.24.2020 No Fico score at all. Smiley Sad
Message 14 of 18
MarineVietVet
Moderator Emeritus

Re: When can I expect lates from defaulted SL to fall of my report?

 


@BungalowMo wrote:

 


But we still know you're there....just waiting to pounce the first time I stray off target.....

 


 

LOL. That will NOT happen. You obviously know much more about this than I do. I'm trying to observe and learn.

 

 

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
6/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Whats In Your FICO Score

Message 15 of 18
Anonymous
Not applicable

Re: When can I expect lates from defaulted SL to fall of my report?

 


@BungalowMo wrote:

I see what you mean now...BUT...are those the loans you have now??  Those aren't the sallie loans, right?

 

When you go to your acct section & open each one...sallie will have the little mortarboard icon, for student loan.  What do the new loans show??


 

It's for sure the Sallie Mae tradelines that are flagged as CFA because when the flag popped up the first time I only had 8 accounts listed on my EQ and one was a CC.

 

Here's an example of one of the seven loans post-rehab how the OL looks vs. the NL tradeline.

 

 

Message 16 of 18
Anonymous
Not applicable

Re: When can I expect lates from defaulted SL to fall of my report?

And here is how it looks on TU where it's not flagged as a CFA.

 

 

 

Message 17 of 18
Anonymous
Not applicable

Re: When can I expect lates from defaulted SL to fall of my report?

I had some issues with a student loan from the DOE.  The loan had to go into rehab, then it went back to the DOE.  When I pulled by bureaus, they were showing the derogs.  I spoke with the DOE and they said that once the loan came out of rehab, it should have been reporting as on time.  They went back and fixed the loan on all three bureaus, and wiped out all of the derogs.  I do not know if Sallie Mae would do the same thing.  The student loan that I had from the school where I went would not.  Might be worth a phone call or a couple of letters to find out.

Message 18 of 18
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.