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tralston3838

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  1. I don't have precise examples. Considering they haven't sued you yet, they may not. I believe most of the cases that was granted the 5 year SOL had more to do with how was the promissory note signed. Many of the cases I saw were thrown out, more for lack of documents (National Collegiate Trust). Discover is one of the better servicers as in They keep a decent paper trail, will try to work with you, and usually keeps things in house instead of sending it to a CA. With that being said, though, Discover usually sues. Granted, most of my data is over c.c. delinquencies, not private student loans. Discover is one of my defaulted ones as well, and I haven't heard much from them. I'm wondering, with IL suing a few of the student loan companies, if they are also laying low to see which way the lawsuits go. Sent from my LG-M150 using Tapatalk
  2. tralston3838

    Private student loan

    Off the top of my head, I can't. I came across the information a couple of years ago when doing my research on National Collegiate Trust. The tradeline will come off your report at 7 years, regardless of how much time you have left with the SOL. I STRONGLY recommend keeping all copies of your credit report, because some servicers will re-age the account. Yes, it's illegal, but unless you have copies of your report, how can you prove otherwise? Sent from my LG-M150 using Tapatalk
  3. I'm in IL too, and there have been successful arguments on a 5 year SOL on private student loans. However, YMMV. Who did you get your loans through? Sent from my LG-M150 using Tapatalk
  4. tralston3838

    AES (American Education Services )

    My strategy won't help. They sent an equally shady CA after us, and we got a lawyer. After one conversation with our lawyer, they dropped the tradeline off my report. They later got another CA, but so far, it hasn't showed back up. By the end of this year, it'll be too old to put back on my report anyways. You can ask them for documentation, but whether they send it to you is another matter. The Missing documentation argument is usually used if it goes to court. As to whether it can be used to get it off your reports, if you're still in SOL, it could trigger then to take you to court. Hopefully, someone else who knows about how missing documents work on getting tradeline removed will chime in. Sent from my LG-M150 using Tapatalk
  5. tralston3838

    AES (American Education Services )

    The SOL for Georgia is 6 years. CA is 3, I believe. If we went off that, you should be past SOL this year. However, it sounds like they did the same to you, as they did me, and put you in forbearances and deferments until you ran out of them. The problem is proving you never requested them. The best advice I can give you at the moment, until I do more research, is ignore them. I was only able to get one of their tradelines off my report so far, but that was only with the help of a lawyer. Sent from my LG-M150 using Tapatalk
  6. tralston3838

    AES (American Education Services )

    Just read the original post. I have dealt with AES for years, so hopefully I can help. When did you graduate/leave school? AES is known to use shady tactics. With me, after I graduated, they automatically started putting me in forbearance and deferments, and I never asked for them. The only time they tried contacting me for payment, I was still in school. They are a servicer, not an original creditor. Also, many of the loans they service, were guaranteed, even though they are private loans, not federal. Mine started with Chase, then transferred to National Collegiate Trust. I defaulted with them in 2007, and it was paid out by T.E.R.I, which is now defunct. I went back to school in 2008, graduated in 2011, and they keep reaging the debt on my report. There are many reasons they're being sued. I hope this helps give a little background on AES. In your case, it sounds like they automatically put you in deferment every year, like me. So, when did you graduate, and what state are you in? Sent from my LG-M150 using Tapatalk
  7. tralston3838

    Old Student Loan.....

    Is it a federal or private student loan? Sent from my LG-M150 using Tapatalk
  8. tralston3838

    Private student loan

    Private student loans vary from state to state. Here, in IL usually are considered written contact, which is 10 years. However, there has been successful arguments cutting it down to the 5 year SOL (such as cc). What state are you in? Sent from my LG-M150 using Tapatalk
  9. tralston3838

    Too Many Student Loan Tradelines!

    If you can get the 30 day late removed, that will help. However, it's not the student loan that are hurting your scores the most. Its your utilization. Getting them down to 40% was good, as you saw a bump in scores. You need to get them down bellow 30% to see a significant bump. Best results are between 1-10%. If you can do that, the new student loans won't have much of an impact, and could possibly increase your score in the long run, as long as you don't get anymore late payments. Sent from my LG-M150 using Tapatalk
  10. tralston3838

    Student Loans mid-Rehab

    That's wonderful news! Congrats! Keep us posted on the Navient. Sent from my LG-M150 using Tapatalk
  11. Cap1 will not unsecure until it's been open for a minimum of a year. Sent from my LG-M150 using Tapatalk
  12. tralston3838

    Letter from Collection Agency on SL

    Not all of them use that rule. They didn't for me. They would give me a number, and I would tell them I couldn't afford that. I owed around 80k, and my payment was 5 a month. So they do take income and expenses into consideration. YMMV. Sent from my LG-M150 using Tapatalk
  13. tralston3838

    Letter from Collection Agency on SL

    Just call them. Figure out how much you can afford a month and call them to set up rehab. They don't figure out a payment based on what you owe, but what you can afford. If you didn't co-sign the loan, it shouldn't show up on your report, ever. It probably won't show up on his since its been so long. However, it might once the rehab process is done, but it will show up as a new loan. Sent from my LG-M150 using Tapatalk
  14. Basically, you want positive tradeline, atleast 3 cards. You want to eventually have atleast 5 cards for best scores. As long as you stayaway from cards like credit one and first premier, you should be good. While QS1 isn't the best out there, it's still not a bad one to go with. Let it grow, and PC it to something else later. Sent from my LG-M150 using Tapatalk
  15. tralston3838

    shifter's Rebuilding Thread

    They will also give you a CLI with a maxed out card, but not give you one if you PIF each month. Sent from my LG-M150 using Tapatalk

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