Started new thread since I didn't know which of my old threads to use.

Hello Everyone,

I’m back at it again!!! What to do next??

Student loan issued through the state of student financial assistance, I’m pretty sure its not federally backed. I cannot do loan rehab, I’ve already asked.

After getting dunning letter #1, I sent DV letter and received:
1. Dunning letter #2 showing a different $$ amount than dunning letter #1.
2. Fax copy of original signed contract that OC faxed to CA.
3. Fax/ computer screen printout copies of account info that OC faxed to CA.
This is a zero interest loan and the paperwork I received does not show where the additional charges came from.

After 30 days I sent strongly worded incorrect validation letter and cited all violations, also included a limited C&D and received:
1. Nothing for several months.
2. Dunning letter #3 showing the same $$ amount as dunning letter #1.
Deleted from all 3 CRA’s for many monthsJ

But, it recently re-appeared and I received:
1. Dunning letter #4 showing $$ amount as dunning letter #1.
2. CA called and left voicemail on several different answering machines.
Limited C&D was already sent, they should not be calling me at all – I think that adds to more violations??

I’ve already disputed with the CRA’s since the OC seems to be the one reporting but came back verified.

What would be the best option out there? Another letter, not sure which one?? Pay for deletion?? Let me know your thoughts.

Thanks

It would help to know the original creditor. The "state of student financial assistance' doesn't sound like a lender.

OC = OSFA (Office of Student Financial Assistance)

Is the original creditor your school's financial aid office? Or is this your state's financial aid assistance office?

Some additional background on the original debt would help. If your state has a guarantee program such as PHEAA in PA, these are federally guaranteed student loans.

Thanks for your responses!




Original creditor is my state's financial aid assistance office.
I've previously confirmed with the original creditor and it's not a federal or Title IV loan but a state loan. Original loan amount was less than $3K and I believe date of last activity/ default was about 5 years ago.

It sounds like a debt owed to your state which isn't likely to go away, even at the 7 year mark. If the ca faxed you a copy of your original signed loan contract, are there any provisions for student rights under the default clause that can help you? If it was a zero interest loan, are there provisions in the contract that add interest and penalties if the loan is defaulted?

Pfd might work with the ca but with the original creditor reporting, this is going to be tough.

I believe there is a default clause but they can only add collection cost's.

Everytime I call the OC they tell me to speak to the CA handling this account, therefore, Since it seems that the OC is the one reporting I may be able to get this removed by telling the OC that if they sent it to a CA then they should not be reporting it to the CRA's...Maybe??

What about some of the violations the CA is responsible for:
- Sending a 3rd dunning letter after I pointed out all their violations - its almost as if they never received any of my initial letters. (Continued collections)
- Phone calls leaving messages they have made after I sent them a limited C&D letter. (Continued collections)

Its almost as if the DV letters, etc.. was pointless for me to send OR would all this make it easier for me to send them a PFD and point out some violations and offer them less than the full amount?

PFD seems like a good idea but how can I trust a CA - I'm very skeptical.
If I go that route - what is the best way to make sure they do delete and remove hard inquiries from all CRA's?

Thanks