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Ok so my GF had "some" old student loan late payments, we are talking 2 150 day a few 120 day a few 90 and so on... Supposedly the loan was supposed to have been in forbearance or deferred. These were all from when the loan was being serviced by the US Dept of Education loan servicing center. So I had her contact the student loan ombudsmen figuring if it really was in forbearance or deferred they may be able to help. They were quick to respond, and ask her to send them a copy of her report, which we did. Took them about a week, but they responded and agreed they should have been in a forbearance status. Since the US Dept of loan servicing center no longer exists, all we needed to do was dispute with the CRA and they will have no way of verifying the late payments! Entered the TU dispute online Monday night, and was returned as deleted this morning!

Just curious if now would be the perfect time to dispute any late payments one might have on a Federal student loan. With the government shutdown, they are more then likely not responding to anything, and even when they start back up, they may be too inundated with requests to be able to respond in time. Just a thought.

Hello everyone, Ive been doing a lot of research to find out whether or not there is a program that will forgive some of my student loans. If anyone has any input at all it would really be greatly appreciated. Here is some background info: - I teach Mathematics at a private catholic school (not low income as far as I know) Affiliated with the archdiocese of NY - I have been working there for 5 years - I am a certified teacher through the NYC DOE (but I do not work for the Board of Education) - My student loans were through Sallie Mae but I recently consolidated them through Wells Fargo. - My husband DOES work for the NYC Department of Education at a school which was considered Title 1 last year (Im not sure if it is on the list this year). He does not have any student loans (my loans are our burden) If there are ANY programs i can apply to that may forgive some of the balance please let me know. I have searched countless hours with no results Thank you so much

Hi everyone. I was a frequent lurker on this site about 4-5 years ago. With the info I got from these forums I turned around a very sad looking credit report. I am happy to say that there is only one active black mark to clear up. This is the reason for my posting. Around 2004 I was attending a small community college. Being a little gun shy of new loans, I was paying cash for my tuition. A little ways into my last semester there my income dropped and subsequently so did my payments to the college. I finished out the semester with a mounting overdue bill. When I was done, I was still barely making it check to check. So, true to form, I just ignored that bill. It went to a collections company, and I got quite good at ignoring their aggressive campaign of phone calls and letters.(It would be a few years later before I discovered this forum and learned how to properly deal with them.) It was pretty rough for a while, multiple calls a day, calls at work, etc. I endured this for a year or two and they finally tapered off. I assume the debt was recalled by the college because the calls eventually stopped. Fast forward to today. I now get a letter about once a year from the college stating how much I owe, which at last check is around $2500. My state tax returns are also offset each year, amounting to about $20/yr. They are not taking my federal returns. I now have a good job and I am finally in a position to be saving money. What's more, I may even be able to consider buying a home within the next couple years. Here's the point. I now have enough cash to pay this off outright, and I am 100% willing to do so. From my previous lurkings I learned that there are different rewards/consequences to paying off certain types of debt. I don't want to "poke the bear" until I have all the info I need. I think my first problem here is that I don't know exactly what type of debt this is. I am ~90% sure that I didn't sign any financial aid/student loan paperwork. The fact that they are not taking my federal returns also indicates this may not be a typical "student loan" even though it probably falls into some sort of educational debt category. If this is a student loan, I realize my best bet is just to pay it and get it over with, since there is no SOL. If it is not, I don't want to end up resetting the clock on the way it shows up on my credit report. I guess my main focus is minimizing any potential damage to my report. As I said, I may be looking for a mortgage in a couple years and possibly a car loan sooner than that. Sorry for the length of this, but I wanted to be thorough. I would love to hear some suggestions on how to find out what type of debt this is, and what my next steps sould be. I will be going back through my files and pulling a free credit report, so I can have more specific info shortly. Thanks, all

Good morning. I've never worked on a student loan item before, so please forgive my ignorance. I have a US Dep of Ed reporting as follows: TU: Closed; $0 balance; Educational; Pays Status Current; Past Due $0; High Bal $1389; Opened 1/6/2007; Reported 3/31/2011 EX: Closed; $0 balance; Educational; Pays Status Current; Past Due $0; High Bal $1389; Opened 1/1/2007; Reported 5/31/2011 EQ: Closed; $0 balance; Educational; Pays Status Current; Past Due $0; High Bal $1389; Opened 1/1/2007; Reported 5/01/2011 History of lates: 60 days x4; 90 days x 9 (earliest in Jan 2009); notation of 120 on 3/2008 DOFD not noted and no "will remain until" date shown. On paper reports from bureaus this shows as Direct Loan Svc System I am down to a few negatives on my reports, and looking for anything that will bump my score at all. Any thoughts on whether it is possible to get goodwill on the (many, many) lates, or get more favorable reporting? Any input would be appreciated.

Hello, I am new to these boards and i'm trying to learn as much as possible by reading topics and using the search function. Here is where I stand: -I have been searching these boards and reading information such as PsychDoc's seminars. However, I am having trouble relating this information to my own problems as the information seems to be fairly overwhelming. I paid off all my debt in February of this year, and I have a credit score of 589 according to experian and 616 shown on myfico.com. I made a post earlier today ( http://creditboards.com/forums/index.php?showtopic=516682 ). According to the information from road2freedom I should dispute my paid collection entries, as well as student loans. Should I contact the OC or the CA to work towards getting these removed? Also, I seem to see references to sample letters to use for disputes, but i'm having trouble finding links pertaining to my situation. Using the search function, I have read some threads that Sallie Mae will not budge on trade lines in credit reports; thus i'm stuck with a student loan reporting as 120+ days late and $0 balance for at least 7 years. Here is my credit report: 3 Collections $389, paid $157, paid $253, paid 1 secured loan. I put 14k in cash in a CD at 8% interest to pay off my debt and i currently pay $596 per month at 3.5% interest for 2 years from February, all payments on time. Balance is around $10,800 currently. (I was told by my bank that this would help rebuild my credit). 4 student loans: USA Funds -$472 - Shows paid collection Sallie Mae - $2625 - Shows 120+ days late with a balance of $0 and [Claim filed with Government, Balance paid by Insurance] - I paid this off through a collection agency in February Natl Coleg - $2032 - Shows 120+ days late with a balance of $0 and [Transfered to Recovery/Claim filed with Government] - I paid this off through a collection agency in February Natl Coleg - $2673 - Shows 120+ days late with a balance of $0 and [Transfered to Recovery/Claim filed with Government] - I paid this off through a collection agency in February Other accounts $6000 - Balance of $0 - Pays acct as agreed [Account closed at consumers request] - I don't remember what kind of account this was $4300 - Balance of $0 - Pays acct as agreed [Account paid] - lists as credit card $20561 - Balance of $0 - Pays acct as agreed [Account paid] - This was an auto loan $2570 - Balance of $0 - Shows [Charged off account] This account isn't mine and was opened in 1996, which would have made me 11 at the time. It was charged off in $2007 I believe. What i'm in search of.... 1.) Information pertaining to removing paid collection, student loans and charge-off 2.) Should I remove the charge off? According to myfico.com the only benefit I have on my credit report is the length of time my accounts have been open...most student loans are from 2003-2005. 3.) I current make 60k per year and have 0 debt other than my secured loan (Balance of $10,275). Would it be beneficial to pay this off in full now. 4.) Which secured cards should I apply for (links to information appreciated, as well as suggestions) and what should i apply for collateral on my credit line. I may spend up to $500 per month on necessary items such as gas, groceries, bills, etc. 5.) Roadmap to improving my credit score to reach my eventual goal of getting approved for building a house in the very near future. *Mods please remove this post if this is considered spam due to my previous post*

I am confused on what is going on with my student loan with the US Department of Education. This is a federal student loan I took out in 2007 for a university for $4500. They state the loan was with Direct Loan Services to begin with. I noticed on my reports pulled in May I have two tradelines in the "satisfactory accounts" that are from US Dept where the loans were 'transferred/sold' and now have balances as $0. That loan was then held by EdFinancial and I had a tradeline with them in the negative accounts section. I checked the status of the loan early June from the FAFSA website it has stated the loan was in default. I thought I was still in deferment at the time. I proceeded by calling EdFinancial and asking them what I could do to bring this loan back to a positive status because I had no knowledge it was in repayment and could not make the alleged $750 past due payment amount. They told me all I could do was just wait for it to be transferred to a CA and then talk to them about my options. The rep stated it was close to being transferred over. They gave me the number to the CA. I did not bother to call because they did not have my account yet so I did not feel it necessary to call them. This call took place in early August. I received a letter in the mail today (8/20) from US Dept of Ed stating that the total loan balance ($5500) was now due in full or I had the option to make payments and try to rehab the loan. If I failed to do anything they could garnish wages, or send to CA. So, I called them in attempt to settle a payment plan and get this loan back to a positive status. The representative explained to me that the loan went into default last week which is when they got the account. The account I believe they started off with!?! How is it that they are allowed to continuously transfer this account around? SO WHAT THE HECK IS GOING ON? Did this loan go from Direct Loan Services to US Dept of Ed to EdFinancial back to US Dept of Ed? Any answers or insight would be greatly appreciated. I am just confused as to what they are doing considering this will now be 3 or more different tradelines for this one account.

So I have finally started taking the steps to repair my credit from my younger years of irresponsibility. One nagging problem on my credit report is a old Private Student loan that I had that has been in default for almost 1 1/2 yrs now. They have not garnished any wages or taken legal action as of yet, or even requisitioned my tax return last year. When I spoke with them early Jan 2012 they were completely uncooperative and refused to accept any terms except the ones they were setting forth. The original loan was through AES and is now with a CA whom I spoke with. They basically told me that if I didn't comply to their terms they would get their money anyways since it's a federally backed loan, and they could garnish wages and/or hold my tax returns. Original loan was for 13000, and now is somewhere in the range of 22000 after all their fees. They literally told me; they would put me down down as a refusal to pay since I couldn't afford their terms. One last piece of information, I am still in school, although this loan originated almost 4 yrs ago, I am in my final year of classes. Aren't I entitled to still be in forbearance? Are Private student loans allowed to be rehabilitated? What options do I have to get this loan back in good standing? Any help would be greatly appreciated, Thanks in advance!

Need help on my wife's student loans. I have read most of the posts here that I could and I'm still unsure of the proper way to get the student loans under control. We are aiming to clean her credit and this is the last item left. She started on rehad with the collection agency last year but stop 4 months after financially we could not make the payments any more. We should have called and asked for income based payment for lower payment, if we had know at the time I've read to its better to rehad first and then consolidate your loan once out of rehad. But I heard that you only get one shot to do a rehad? If so then what is the next alternative to do. Also how do you tell who owns your loan now. I've went to the nslda.ed.gov website and all that is listed it: Direct Consolidated Subsidized $3,639 Direct Consolidated Unsubsidized $6,176 DEBT MANAGEMENT AND COLLECTIONS SYSTEM U.S. DEPARTMENT OF EDUCATION PO. BOX 5609 GREENVILLE TX 75403 But on credit report it has listed as permanently assigned to the government Collection acct $3,967 Collection acct $6,773 PO Box 4222 Iowa City, IA 52244 Any help that anyone could provide would be greatly appriecated

This is an important case in regards to attempting to get student loans discharged during bankruptcy: http://news.yahoo.com/bankruptcy-case-offers-hope-student-borrowers-152645358.html

Hi, I am looking for some advice. I have a student loan which went into collections. I have been paying on that collection account for about a year and a half. On my credit report though it shows that two months ago it stopped being a collection and was posted as a 150 day late. it was a 150 day late before it went into collections and since February it now shows on time payments. My questions are these... Do all collections revert to their previous late status once you start paying on them? and If I have been paying on the account for a year and a half why is it only recently that they are pulling it out of collections. Let me know if there is anything I can do. Thank You

I have a student loan debt from 2010 that got lost over the past few years while I was getting divorced, moving and resettling down. The account from the University was not really a loan at all, it was two terms of deferred tuition and fees that I simply could not pay during my divorce. It is simply a debt owed to the University I attended. The University sent it out for collection with Conserve Collection Agency. I verified the debt from the University and they verified $5310.13 which was one account, one amount owed to the University. Conserve wants $7080.17 original amount + fees. However they are reporting 4 separate accounts on all three of my credit reports with amounts of $3132.00, $480.00, $3132.00 and $335.00....which totals the balance of $7079.00. Is this a violation for them to break up this account and report it in this way? It takes one negative tradeline on my reports and turns it into twelve. Thanks for any help.

Hello, I'm new here and I hope I'm posting in the right section. I graduated college in 2009 and starting making payments like normal after 6 months on my private loan through Sallie Mae. I paid $280 every month until I lost my job in May 2012 and was found ineligible to collect unemployment compensation. It took me about 6 months to find a new job. During my period of unemployment, I could not pay Sallie anything whatsoever. I was living on my savings only. I'm so glad I was able to find a new job in December. Shortly after I lost my job in May '12, Sallie Mae upped my monthly payments to $480 a month. I couldn't afford to pay them a dime. They would not negotiate a thing with me whatsoever. Then the repetitive, harassing phone calls began around September, while I was still unemployed. When I got a job in December, I was planning on making normal payments to Sallie Mae again, but they were still unwilling to budge from their $480/mo, so I paid them what I could. Then on January 10, 2013, my roommate committed suicide and I found him. (This is not a joke post whatsoever. I'm very serious about this.) I won't get too into the details. He was my only roommate, and also a good friend. Within a week or so of that, I informed Sallie Mae about what happened and I had to go back to paying them nothing because my bills doubled and I had to find a new place to live, which I did in mid-February. They did not offer me ANY options during that time. I was forced to continue missing my monthly payments of $480. I am now living in a new apartment with my girlfriend and also a mutual friend (which is what we wanted anyway, but not under these particular circumstances). Before moving, I had to use almost ALL my remaining money to pay for moving, a new security deposit + 1st month rent, etc. By the time I was done moving, I only had about $100 in my bank account. I'm just about to start repaying Sallie Mae, now that I have more money and a "decent" safety net. Over the past 2 months, I've been getting voicemessages from a company called Allied Interstate. I never answer because they never say who they represent in their voicemessages. However, I googled their phone number recently and they are a debt collections agency who represents Sallie Mae. The strangest thing happened today. This Allied Interstate place called one of my friends (from 8664530229) and disguised themselves as a potential employer who is looking to hire me. They told my friend that I used him as a reference, and that they had an incorrect phone number for me. I guess this is one of their tactics to track down people? I wish my friend could have recorded it. He said they've been calling him for a month and he's going to try to record it next time. This can not be legal at all! Any opinions? I think I'm just going to ignore this Allied Interstate and go back to making normal payments through Sallie Mae. Thanks, ScarsUnseen

Hello Everyone, Been lurking for awhile, this is my first post. I've recently signed up for USAA Credit Monitoring and noticed that Experian doesn't seem to be reporting my previously deferred and defaulted student loan. This loan has been rehabbed through ECMC and In May was bought once again by a ACS represented company (previously through ACS as well.) It seems that Experian is reporting my current student loan incorrectly. I've attached all my Student loan Trade lines. It seems that Experian is reporting my current student loan in the "potential negative category where the other two are showing it as a zero balance and showing it current on a different trade line. Is this meaningless since it shows as current? Do I need to contact ACS to get these changed if they need to? I'm not sure why that BRAZOS entry is there although I belive it should be gone since the rehab (BRAZOS was affiliated with ACS during my old loan days.) I've noticed that my Experian score is much lower than my other two. I appreciate any insight that anyone could provide (sorry for the links, learning how to post!!) and thanks for reading! http://imageshack.us/a/img405/7710/img003rew.jpg http://imageshack.us/a/img818/1386/img002kd.jpg http://imageshack.us/a/img585/196/img001yr.jpg

I was looking into a consolidation loan at my CU and the guy told me I show 120 days late on my CR which is ironic since my monthly payments are automatically drawn from my CU checking account and he was staring right at the trail of on-time payments. I'd actually, in December, gotten a demand letter from Direct Loans (the education loan folks at Department of Education) saying I'd continually failed to make payments -- I contacted them via secure message to their web site on 1/8 and got a reply three days later saying they had high volume and would get back to me as soon as possible which they never did. I figured it was a fluke since when I log in my balance shows as not late. So now I am getting ready to dispute but wondering if my consolidation loan gets turned down can I sue for damage to my CR and denial of loan?