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Greeting Everyone, I am a new member. I want to thank all of you for your sincere efforts and guidance. Devoting time to help others is actually a best good some could offer. Thank you all. Now about me. I am working to clean up my credit. I have a student loan that is currently under deferment until 02/2016. Back in 2014, When it went to repayment phase, I was overseas. By the time I cam back in Aug 2014, the loan was already 180 Days late. I applied for Econ Harship that was granted and back dated to Feb 2014(The original date when the repayment was due). I have recently noticed that it is being reported to my Credit File as 180 days late despite Econ Hardship Deferment back dating.I disputed with the CRA but it came back as "updated" with same late data. I think my question is how I can resolve this with the CRA. The OC does not seems to understand that Econ deferment means as if the loan is being paid as agreed, and unwilling to report a removal of late status. My understanding is that when deferment is back dated it reads as no default has been occurred and loan is being paid as agreed. Is it possible that contest it of justify it through precedents are legal aspects. I may be misunderstanding. Please help me.

Hello CB Members, Newbie here, and I read all the intro stuff so I hope I'm in the right area. I am trying to repair my credit while in college. Long story short, I had some medical issues around 2 years ago, which forced me to cut back from school. As a result, my student loans came out of deferment for a short time (cause I was not in school full-time.) Because I was so sick, and my parent busy caring for me, these payments were never made. Also, a couple of medical appt bills were missed, which were sent to CAs. I am back in school full-time (I should mention, I got a scholarship for full-tuition after graduating from 2-year school, FAFSA is for living/school supply expenses), and my loans are back in deferment. I don't believe they were sent to CAs. I recently have been trying to build my credit, and thus have applied for credit cards. Every time I have been denied, despite having income. I also have been wanting to get a car loan (small one for $2,000) for a used car, but was denied even with a co-signer! I have my annual triple-credit report on hand,here's what it shows... - 2 Medical Appt Bills Sent to Collection - All Nelnet/Dept of Ed/FAFSA Loan Payment Periods (even the good ones that show deferment. The year-period in which I was not deferred shows 150, 120, and 90 Days past due (no collection indication.) I will pay off the 2 med bills ASAP, but I am wondering if the Student Loan Deferments, though in detail look fine, are harming my credit by being shown there. Are student loans always shown on one's credit report, even if they are being paid and in good standing? If so, does this affect credit approval? Lastly, how do I go about removing the 2 med bills from my credit report "swiftly," after paying them? Do I write letters, make calls? Thank you all so much. Again, I apologize for my ignorance, but I really want to learn this stuff and build credit early.

I graduated in summer of '06, so my student loans began like 6 months after. I have them through Student Assistance Foundation. I did deferment for a number of years, pretty sure one year was because I was unemployed from spring of '07 to 'spring of '08. I can't remember the number of years I deferred but I think it was 3 total. The other two years were probably economic hardship. I then went on an IBR plan that I have been eligible every year, with $0 monthly payments. The problem is the government will stop making interest payments on the subsidized loan in May. ( i have a 16k subsidized loan and a 2.7k unsubsidized loan through SAF, I think originally Direct loans). This will no doubt amass hefty interest down the road if I keep putting off any payments. Good news is I have no lates. My question is: can I defer at least another year to fight off more interest on the larger, subsidized loan? According to income/family size, I would be eligible easily, but I am not sure if I am eligible since I have deferred previously. Like I said, At least one year of deferment was due to unemployment and the rest I think due to economic hardship. If I can defer, I plan on saving up to make one large payment down the road that will tackle a decent portion of principle.

I checked my credit score seven months ago and it was in the low 500's. At that time I was over 120 days behind on my student loan payments and my total student loan debt was around $40,000. I have since paid off the past-due portion of my student loans but the balance remains about the same. The loans are now in deferment since I am enrolled in a graduate program. I have taken on additional student loans as well. Today I checked my score and it was in the upper 700's. I am very suprised by this. Is it possible that paying off the past-due debt and placing my loans in deferment could have had such a dramatic effect? Will my score go back down once the loans are out of deferment? I also had a maxed out credit card that has since been paid off. Perhaps that had more to do with it? Thanks in advance for your input.