Hi. My credit woes were from defaulted student loans which are now well past 7 years and off of my credit reports. I DO know student loans are different in that they are forever due, unlike credit cards and whatnot.

I got a call from 314-432-1944 and they left a message on both my work and phone number. My questions are these:

1) Can I request they stop calling and communicate only by letter? If so, what's the best way to do this?

2) I know student loans can always be collected on, but they can't be reinserted on a credit report, can they? I've managed to acquire some good accounts and my rating is ever-improving and my reports are clean.


This particular loan's OC was the college itself.

Thanks in advance for the help. I searched around but didn't find this exact scenario addressed.

I've seen a limited C&D recommended a few times, where you request that they no longer contact you by telephone and only via mail.

Be aware, however that they may get more aggressive with collections, and though this currently isn't reporting on the CRs you pull or auto/CC lenders pull, if you ever try to get a mortgage and the mortgage lender pulls a full factual, they'll be a blazing red flag that you may have to pay in order to even have a shot at a mortgage.

IMO playing the C&D game with a CA or OC collecting on an educational loan is a risky game to play. Hopefully others and clear up the mud here for ya!

I'll have to check the letter again if I still have it. The original creditor was the college itself, I remember reading that. What does that usally indicate, if anything? For example, I already get garnished for some Fed loans, thinking these might be private ones through the school.

I am going through this right now with an institutional loan. The kick in the face is that I've made payment arrangements, am sending them money, and their automated system is still calling at O'Gawd thirty.

OK, so I got a second letter today and it is, indeed a Perkins loan. I can probably just pay it off, but what steps should I take to make sure it isn't re-inserted on my report after I pay in full, or is the fact it's already been 7+ years enough?

OK, re-reading Lynn's post makes me think that if I pay it off before the DOE gets it again, then it won't show up on my reports again, right? I'd like to just pay it and get rid of it, but not if it will show up on my credit reports. I just got my TU to 700 for the first time. :confetti:

OK, so I decided to pay this off. This was last late in 1998 and dropped off my reports.

Today, it showed up on Equifax as paid and closed but, of course, negative. Can I have this removed as obsolete? My score tanked.

The school is reporting it. Shows last delinquency 06/2008. What can I do? Goodwill? I'm freaking out here.

yeah, once you pay it, they go ahead and update that, and it appears again on your reports. one of the many many fun aspects of student loans.

if it were me, I would try to get it removed as obsolete, as the DOFD was more than 7 years ago, right?

Yes it was, more like 10 years. I've never done a dispute before but I'll search around CB for the best ways. It seems they have only updated EQ so far.

I wouldnt do any elaborate letter, just dispute based on DOFD being 10+ years ago, and that it's obsolete.

I think it should work for student loans too, I cant see why not.

try this thread for some ideas:

http://creditboards.com/forums/index.php?showtopic=325071

DOFD do not apply to student loans. Reporting SOL are based on default dates....completely different from other consumer debts.

OK, that being said, do I have a case here for deletion? I defaulted in 1998.

I'm curious about that too. if you defaulted in 1998, then is that what starts the clock? even so, it's been seven years already, so it seems like you could dispute it successfully.

it would be good to find out where the reporting guidelines are and have a read. anyone have that info?

bump

ttt

OK, well, just like when I paid it off, when I got no answer here I decided to fax a letter to the school. I basically said, "look, it's been more than 7 years since anything negative and you guys are reporting recent negatives, so please take it off, FCRA violation, blah blah blah"and today I checked Scorewatch and it's GONE!@#$ Score back up to where it belongs!

Good for you! Bet it feels great to have that monkey off your back!