I have a Student Loan with Citi that I will be paying on for the rest of my life. At least it seams that way....but anyway...

In 2006 I had to request a deferment because of money issues I was having. They granted me a year deferment. I really didn't think much of it until about December/January of 2006/07 I get a call from their collections department stating I was late on my payments.

I was shocked to find that not only did they not inform me that my deferment was up and that I needed to start paying on it again, but they let it go for a couple months and then put me in collections!!!

It took me a couple months to get caught up, so now I have multiple past 30 days showing on my credit report from this. I actually have 2 loans with them. For some reason the classes I took were split into 2 different loans. So, I actually have a total of 5 past 30 days listed on my credit report.

I am working on refinancing my house before my rate goes adjustable, and my adviser said that I need to contact Citi to have these negatives removed from my credit report.

When I called Citi to explain the situation and request that they be removed, she stated that I need to mail them the request in the mail. However, she said it's a very low chance that they will actually be removed.

What are my rights in all this? Can this happen? Am I screwed? They said it was up to me to keep track of when the payments are supposed to start back up again, but come on! It was a year! There was so much going on, there was no way I could have remembered!

Any advice would be appreciated!

What type of loan was it? Federal law generally requires student loan accounts to report correctly.

You really dont have any recourse. The federal rules state that the borrower is responsible for keeping track of when payments are due even if you do not receive a bill. Your lates would be valid.

I don't know what you mean by this question. It's a student loan.

There are federally insured loans (staffords, PLUS, Perkins etc) and there are private student loans.

It's through CitiBank. I believe it's a federally insured loan, but not 100% I guess.

there are 2 types of federally insured loans, and they are subsidized and unsubsidized. subsidized means that interest is not accrued while it is in defferment, and unsubsidized means that it is accrued while in defferment, including while you're in school. it is typical that students receive both subsidized and unsubsidized loans for a single semester, and sometimes also private, for a total of 3 loans for a single semester, some are able to pay for it with just 1, depends on the person. also, just because it's citi, doesn't mean that it is federally insured loan, it could be a private loan. hope this helps.