Hello,
Guess I'm the first post on here? I'm honored..my question is...late last year I applied and received deferment from US D of E on my student loan...apparently I got hit with a late on my credit report because the deferment overlapped when my pament was due. I'd been current for years with them before.
I sent them a goodwill letter requesting a removal. Has anyone dealt with this before, and have you had any luck?

Thanks!

DOE is more forgiving than SM in my opinion.

I however now have all my loans with SM consolidated before the APR reduction. :roll: Most of the time Servicers and lenders will just make the deferment retroactive back to cover the late as long as it's not more than 1-2 mos or you went into default status. You should be fine. Check your interest rate there are some deals out there now.

35K at 6.95% SM Stuck with SM till I die
11K at 2.82% SM Open for consolidiation

Last month I disputed my late pays on all three CR's. EX and EQ now say paid as agreed/never late. This removed up 150 days late . TU says verified, but they aren't even reporting the deferrment as current. I didn't bother with a gooedwill letter.

Maybe I'll try a dispute if the goodwill doesn't work. I know I wasn't too late on the payment...it only shows 30 days....

I did get some lates from many many years ago pulled off through dispute...so maybe that would work if goodwill doesn't.

thanks...

Just an FYI for the SM folks. I spoke to a Manager in Wilkes Barre PA the other day and she confirmed that they are no Longer reporting to TU. They are reporting exclusively to EQ.

In my recent experience you may have to go nutcase on SM to get them to update with TU. I have a whole CR on TU full of SM Loans of which most of them are outdated.

As for TU and Lates.

I haven't had any experience other than what SM was errenously providing to TU and like I said above come to find out they were verifying the CURRENT Consolidated loans and not the SCHOOL Closure loans that were showing Late.

When I spoke to the Manager at SM on Monday she assured me by Friday they would have it straightened out on my TU report. :roll: This actually has been going on since last October and I really didn't start tackling it with TU till May of this year.

Also make sure you check your Forebearance or Deferment dates for accuracy. They will retroactively back date the forebearance or Deferment to cover periods of lates. And will in MY experience remove any notations of Lates at all. Of course this has been experience with SM only. Can't speak for DOE loans however when I did have DOE loans they were always so slow to update that by the time the loans were bought out and consolidated they just kept on showing Paid as Agreed Never late.

It's all up to invidual circumstances and based on how far delinquent you've gone. If your more than 90 days late don't even try to get a Deferement to cover lates. A forebearance however has worked for me in the past. Just an FYI and again this is just my personal experience