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My Paid Student Loan Situation


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7 replies to this topic

#1 SlimCookie

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Posted 16 February 2012 - 12:25 PM

So here is my situation.....

I had one student loan for $1,000 roughly and didn't pay on time. I then recently (08/2011) decided to call into DOE and see what I could do. The lady told me that I was just a few days of going to a collection agency. She said I called in at the right time and that she could pull the loan back to DOE and I could setup installments, so I did. I made one installment payment and then I paid the rest in full. Does anything happen once it has been paid? I have heard that they possibly will report it being positive. What is weird is that I had two entries on my credit report. I have attached 2 photos of my credit report from my USAA credit monitoring service which show the status of my account.

I called back into DOE around 2 months ago and the guy told me that the loan wasn't handled correctly and he had fixed it and to allow a month to fix itself. I would really like to either see this account deleted or show positive.

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#2 LynnInMN

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Posted 16 February 2012 - 11:17 PM

Your loan was defaulted. You paid a collection account. It will not report positive nor will it be deleted.

#3 DBC

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Posted 17 February 2012 - 09:37 PM

I have a somewhat similar problem.

Don't you appreciate the encouraging response? :rolleyes:

#4 LynnInMN

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Posted 17 February 2012 - 11:40 PM

You want me to sugar coat my answers?? Aint gonna happen. This is the reality of defaulted student loans.

#5 DBC

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Posted 18 February 2012 - 01:10 AM

You want me to sugar coat my answers?? Aint gonna happen. This is the reality of defaulted student loans.


Defaulted or not, the OC/SL lender has to abide by the FCRA and report accurately.

You seem to ignore this (from what I notice) when people complain about inaccurate reporting.

Do you enjoy telling people they are f-ed? Seriously...

#6 SlimCookie

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Posted 12 March 2012 - 07:27 PM

So is there anything that I can do to help this?

Student Loans is not my forte.....I will be applying in the future for a student loan....is this going to hurt me when applying in the future?

#7 LynnInMN

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Posted 12 March 2012 - 11:37 PM


You want me to sugar coat my answers?? Aint gonna happen. This is the reality of defaulted student loans.


Defaulted or not, the OC/SL lender has to abide by the FCRA and report accurately.

You seem to ignore this (from what I notice) when people complain about inaccurate reporting.

Do you enjoy telling people they are f-ed? Seriously...


Both of the credit reports the op posted were prior to the dates he paid. Thus there would be no inaccurate reporting. Most people do not know how to read/interpret a student loan reporting, especially with mulitple lenders/guarantors. My training comes directly from the DOE when I was collecting for them. Any opinions I express are from my training from the DOE and multiple FFELP lenders.

Edited by LynnInMN, 12 March 2012 - 11:38 PM.


#8 SlimCookie

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Posted 11 April 2012 - 10:15 PM

So..... Is the second photo I originally posted from the same company as the first photo? They both have different account numbers and different addresses.




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