Full Version: Disputing late student loans
This is my first post I needs help developing a plan of action. I have three latenesses for my student loans that is currently in forbearance. one 30, one 60 and 90 days at the time I took the semester off and did not complete forbearance. I tried to dispute but it already came back verified. I also have a past tax lien that has been paid and a paid off NCO. Any help developing a plan of action would be greatly appreciated.
I have the same problem with my student loan. I was told they would not be marked as late, but I can't get these people to fix it.
QUOTE(dltech1 @ Feb 4 2007, 12:57 PM) 
This is my first post I needs help developing a plan of action. I have three latenesses for my student loans that is currently in forbearance. one 30, one 60 and 90 days at the time I took the semester off and did not complete forbearance.
Then your lates sound totally valid. If you took a semester off it, it is your responsiblity to file for the deferment/forebearance on time. A retro forebearance will NOT remove lates on your credit report.
I tried to dispute but it already came back verified. I also have a past tax lien that has been paid and a paid off NCO. Any help developing a plan of action would be greatly appreciated.
Then your lates sound totally valid. If you took a semester off it, it is your responsiblity to file for the deferment/forebearance on time. A retro forebearance will NOT remove lates on your credit report.
I tried to dispute but it already came back verified. I also have a past tax lien that has been paid and a paid off NCO. Any help developing a plan of action would be greatly appreciated.
It should if I was told it would.
QUOTE(jcs0527 @ Feb 4 2007, 04:48 PM)
It should if I was told it would.
CSR's are not necessarily trained in credit reporting. The rules are quite clear...you must keep your deferments up to date or you are late.
I don't care if I was talking to the janitor. If a representative of a company tells me something, the company should stand behind it.
Had I known about credit boards I would have done things differently.
I probably would have either recorded the conversation, or I may have rehabilitated the loan and then put it in deferment.
I don't remember any rules like that. I know when they let my in school deferment lapse, they fixed it and corrected my credit report, but did not do the forbearance as they said they would. I didn't know that the student loan company lied to me until I came here to start fixing my credit.
Had I known about credit boards I would have done things differently.
I probably would have either recorded the conversation, or I may have rehabilitated the loan and then put it in deferment.
I don't remember any rules like that. I know when they let my in school deferment lapse, they fixed it and corrected my credit report, but did not do the forbearance as they said they would. I didn't know that the student loan company lied to me until I came here to start fixing my credit.
QUOTE(jcs0527 @ Feb 4 2007, 05:03 PM)
I don't care if I was talking to the janitor. If a representative of a company tells me something, the company should stand behind it.
Had I known about credit boards I would have done things differently.
I probably would have either recorded the conversation, or I may have rehabilitated the loan and then put it in deferment.
Still wouldnt have gotten you anywhere. Also, you cannot rehab an account that is not in default. You signed a contract...those rules apply. Your signature is an acknowledgement that you understood the rules and regs.
I don't remember any rules like that. I know when they let my in school deferment lapse, they fixed it and corrected my credit report, but did not do the forbearance as they said they would.
Technically then they violated the law. If YOU let your deferement laspse, lates are suppose to be reported. By disputing anything at this time, they could go back and find them and repost them.
I didn't know that the student loan company lied to me until I came here to start fixing my credit.
Had I known about credit boards I would have done things differently.
I probably would have either recorded the conversation, or I may have rehabilitated the loan and then put it in deferment.
Still wouldnt have gotten you anywhere. Also, you cannot rehab an account that is not in default. You signed a contract...those rules apply. Your signature is an acknowledgement that you understood the rules and regs.
I don't remember any rules like that. I know when they let my in school deferment lapse, they fixed it and corrected my credit report, but did not do the forbearance as they said they would.
Technically then they violated the law. If YOU let your deferement laspse, lates are suppose to be reported. By disputing anything at this time, they could go back and find them and repost them.
I didn't know that the student loan company lied to me until I came here to start fixing my credit.
I guess it wasn't late then.
My lender does in school deferments automatically. So THEY did let it lapse. When I got the billing statement, I called them and they fixed it.
I also went back to their website to look for what you are saying, and I still didn't find it.
Why would it be against the law to remove a late... people ask creditors to do it all the time.
My lender does in school deferments automatically. So THEY did let it lapse. When I got the billing statement, I called them and they fixed it.
I also went back to their website to look for what you are saying, and I still didn't find it.
Why would it be against the law to remove a late... people ask creditors to do it all the time.
QUOTE(jcs0527 @ Feb 4 2007, 04:03 PM)
I don't care if I was talking to the janitor. If a representative of a company tells me something, the company should stand behind it.
Amen to that!
QUOTE(pb4ugo @ Feb 4 2007, 11:11 PM)
QUOTE(jcs0527 @ Feb 4 2007, 04:03 PM)
I don't care if I was talking to the janitor. If a representative of a company tells me something, the company should stand behind it.
Amen to that!
I don't care if you were talking to the president of the company. You need to have your payment to them before its due, or get a deferment or forbearance approved before your payment is due. Otherwise, you are delinquent. The purpose of these boards is not to teach people how to remove valid delinquency.
QUOTE(jcs0527 @ Feb 4 2007, 06:32 PM)
I guess it wasn't late then.
My lender does in school deferments automatically. So THEY did let it lapse. When I got the billing statement, I called them and they fixed it.
Your lender has to get the in school deferment from either the school or you. It cannot be processed automatically if they don't have it. Therefore the lender did not let it lapse. Did you by chance change schools??
I also went back to their website to look for what you are saying, and I still didn't find it.
It is called the Higher Education Act. Lenders are required to report factually and accurately.
Why would it be against the law to remove a late... people ask creditors to do it all the time.
My lender does in school deferments automatically. So THEY did let it lapse. When I got the billing statement, I called them and they fixed it.
Your lender has to get the in school deferment from either the school or you. It cannot be processed automatically if they don't have it. Therefore the lender did not let it lapse. Did you by chance change schools??
I also went back to their website to look for what you are saying, and I still didn't find it.
It is called the Higher Education Act. Lenders are required to report factually and accurately.
Why would it be against the law to remove a late... people ask creditors to do it all the time.
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