Expanded Consciousness

Indeed.

Step 3 ... Yea? Don't leave us hanging.

I faxed Wells Fargo Credit Appeal but have yet to hear from them and, as I wrote to them, I have to know by Sunday, 9/13. Is there a good way to call and ask to speak to a supervisor and try to expedite matters? Any tips/recs?

Yes. Reconsideration. Nice tips, thanks.

What is the best way to write a credit appeal letter? Applied for a Wells Fargo Connection Education Loan. Denied w/o a co-signer. Have no co-signer. Received two private school loans from CampusDoor (Lehman Bros., RIP) last year w/o a co-signer. Told to fax a note and a copy of my TU credit report that I received in the mail. Then it will be reviewed by a human being, rather than a computer. I'm going to write it and send it this morning. Should the letter be: Short or long? Professional tone or personal tone? Accentuate the positive and not even mention any negatives or deal directly with the negatives? Potential negatives: Portion of balances to credit limits too high on revolving accounts. Length of time accounts have been established. Too many inquiries in the last 12 months. Just started a new job in the last month. I'm returning to school. Working full-time and going to school part-time. Mention or fax recent years tax return and show income of 40K in the industry in which I work? Just wondering if there is any advise/dos and don'ts for writing an appeals letter. Thanks for any info and ideas, EC

There is nothing in the promissory note that seems to allow or disallow returning to in-school deferment status after entering the repayment period (due to being out of school for 6 months). I'll call them Tue and ask the question, but I'm interested if anyone has experience with private student loans (esp. CampusDoor's) and this issue. Promissory Note Anyone with insight? Anyone with experience taking a semester off and then returning to school, while signed to a private student loan? OP, I must have missed the part about it being a Pvt loan. My experience is with federal loans. The banks does not want you to default I hope they will work with you. good luck OK. Not talking about defaulting. Just taking one semester off. Either the loan goes back into in-school deferment or I deal with monthly payments.

There is nothing in the promissory note that seems to allow or disallow returning to in-school deferment status after entering the repayment period (due to being out of school for 6 months). I'll call them Tue and ask the question, but I'm interested if anyone has experience with private student loans (esp. CampusDoor's) and this issue. Promissory Note Anyone with insight? Anyone with experience taking a semester off and then returning to school, while signed to a private student loan?

There is nothing in the promissory note that seems to allow or disallow returning to in-school deferment status after entering the repayment period (due to being out of school for 6 months). I'll call them Tue and ask the question, but I'm interested if anyone has experience with private student loans (esp. CampusDoor's) and this issue. Promissory Note Anyone with insight?

p<=.004 that they would use a consumer provided consumer report. Hmm .. good odds. Ha!

Interesting, you can take your reports to a credit union and they won't hard pull? I have a 9/13 deadline. Isn't it necessary to try one credit union at a time? If I go on a credit union spree, won't I get the same disastrous results as going on a credit card AOR?

Yea, I have been thinking about that. If, for some reason, the loan cannot be put back into deferment in Feb 2010, and I need to take the courses this semester (like I originally thought) inorder to keep the loan payments deferred for years and years, then I'd scramble to raise the $3000. On Tue I'll call CampusDoor or AES (who bought the loan after Lehman's Brothers collapsed) and get a definitive answer. Also, on Tue, I will also receive an answer from a local credit union regarding a personal loan application. Finally, if all else fails, I can try and sell everything I own. Yet, I don't know if it will amount to $3000. I can go on Craigslist and Ebay (heard you get a higher return than selling to a local used shop) and try and sell my computers, printer, scanners, external hard drives, external burner, old TV, VCR, videocam, digital photo camera, a back inverter, dumbbells, desk, vacuum cleaner, Men's Wearhouse suits, cds, books. Sounds like a lot. Yet, at used prices, I'm not sure it will amount to enough.

There is nothing in the promissory note that seems to allow or disallow returning to in-school deferment status after entering the repayment period (due to being out of school for 6 months). I'll call them Tue and ask the question, but I'm interested if anyone has experience with private student loans (esp. CampusDoor's) and this issue. Promissory Note

Yeah, unfortunately mine doesn't. Ya gotta pay (upfront) to play. With all these restrictions.. why are you hell bent on going to this school? (No offense ment) but if the school isn't offering you government backed loans, offering you to pay through out the semester... surely there's gotta be a better school out there) I would not be jumping through all these hoops to go back to school. It's a good school. Two more courses and I'll be admitted to a certain program as a degree candidate. Then, the whole world of federal loans will be opened up to me. Although, paying my way through school as I go part-time, and thus avoid all loans, is looking more and more attractive.

Yeah, unfortunately mine doesn't. Ya gotta pay (upfront) to play.

This is referring to federal loans. Wonder if the same is true for most private student loans (CampusDoor, in particular). http://studentaid.ed.gov/students/publicat...10/glossary.htm So, after you use up the one grace period, you must then take summer courses or the loan will enter repayment between the spring and fall semester?