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  1. Student loans keep updating as if they were recently opened and showing as if payments have been made. Which never happened. Over 10-14 years old. How do I get them deleted?
  2. I'm literally days away from a ch13. It's been 5 long years but momma I made it! The advice from this board helped me get over a couple of bumps but otherwise it's been pretty smooth. Hope the finish line is just as smooth. I struggled through my son's first year of college paying cash because my income was too high to qualify for financial aid. They gave us virtually nothing by way of fed loans, and I couldn't apply for private loans due to my active CH13. Now trying to figure out what our options are for next fall. Would I be able to qualify for a private loan post-discharge? I would prefer he get it in his name, but how do full time students get private loans when they are full time students - not enough income or credit to qualify?
  3. Hi, I was attending school and then got a new job. I fell behind in one of my classes, and the professor withdrew me from the class. I had student loans out for that term, and it appears that the school gave the tuition money back to the lender. They sent me a tuition bill. I filed BK and it was discharged in September 2021. I included the school tuition in the BK. The school did not appeal the inclusion. Once the discharge was complete, the school sent me a bill for the tuition stating it was considered a student loan and not dischargeable. In the meantime, I consolidated and refinanced my student loans. If the school wanted to dispute their inclusion in the BK, shouldn't they have done that prior to discharge? They have sent my tuition bill to collections and I want to get it resolved as soon as possible. I wanted to get advice here first, but am considering having a lawyer send them a letter. O Mighty CreditBoards, What say you?
  4. I missed a payment for a federal student loan and about a week and a half ago, it hit 7 years. Isn't it supposed to just fall off? When will that actually happen? Do I have to do something to make it fall off? Thanks for your help!
  5. Hello, I am new to Credit Boards. I had a student loan that I exhausted the deferment period. I had 3-4 consecutive months where I defaulted because funds were scarce. I then enrolled in school (online) to buy myself time to begin repaying the loans. My mom decided to give me the money to pay off the loans in full. I did just that and guess what happened? Yep! My score dropped about 30-something points. Now that you have the history, here are my questions: 1. I would like to know if I should reach out to the lender if it is possible to remove the months where I didn't make payments. 2. How/What should I do to increase my score due to me restarting the clock on these loans? Your feedback is appreciated. Thank you.
  6. Basically, below are the baddies on my reports. I know I can't do much for the lates, but I'm hoping I can work on the other ones. I’ve been lurking and researching, but not sure what to start with. Any help is appreciated. Equifax Lates: Auto loan – 10x in past 2 yrs. 8 Navient Accounts – 7x in past 2yrs. (although was in forbearance) 2 Utah Higher Edu Accounts – 6x in past 2 yrs. (must verify if was in forbearance or deferment) 1 ACS Group Account – Sold in 2016, shows as closed and current status of 120 days past due. Charge Offs: Cap One #1 = $1850 from Apr 2020, but shows as open and 120+ past due UM Old Balance from 2012 – $8k Experian Lates: Auto loan – 14x in past 2 yrs. Status says: Now paying/was a charge-off 8 Navient Accounts – 7x in past 2yrs. (although was in forbearance) 2 Utah Higher Edu Accounts – 6x in past 2 yrs. (must verify if was in forbearance or deferment) 1 ACS Group Account – Sold in 2016, shows as closed and current status of 120 days past due. Charge Offs: Cap One #1 = $1850 from Apr 2020 Cap One #2 = $613 from Oct 2019 Trans Union Lates: Auto loan – 14x in past 2 yrs. (says C/O for Oct 2018) 8 Navient Accounts – 7x in past 2yrs. (although was in forbearance) 2 Utah Higher Edu Accounts – 6x in past 2 yrs. (must verify if was in forbearance or deferment) 1 ACS Group Account – Sold in 2016, shows as closed and current status of 120 days past due. Charge Offs: Cap One #1 = $1850 from Apr 2020 Cap One #2 = $636 from Oct 2019 Collections: IC Systems (Charter Communications) = $167 Auto loan: It was almost a repo. I paid past due the same day they set it out to be towed. I was 3 months behind. Why are they saying it was a charge off? What can I do? Student loans: I was in forbearance, but Navient says they no longer change credit reports. They sent me letter confirming forbearance for those months. Charge Offs: Since they are within past year, should I try to settle, pay in full, or wait a while?
  7. Lovely Navient is posting 4, yes 4 charge-offs on my credit report. I'm starting with Equifax. Round 1: Disputed because there was still a past due balance showing on the charged off accounts (all of them). One Navient Account deleted, the rest were "verified." Equifax "updated" the "date of last payment" to literally June 2020 ... on charged off accounts. They still show a past due balance, even though the debts were sold to a collection agency. Round 2: Sent a method of verification letter to Equifax. Equifax responded with a "We don't have a credit file for you" letter. Stall tactic? Round 3: Sent a second method of verification request with copies of the "we don't have a credit file for you" letter, proof of identity, copies of their previously "verified" accounts/"investigation results" pointing out they reported payments on charged off accounts. Interestingly, the "little boxes" that appear under the accounts which tell you if it's a timely payment, late, or a charge off still show a "late/charge off" for the months Equifax says they verified I made payments. Result: Investigation is PENDING. I signed up for MyFico and apparently, Navient is reporting these charge offs/lates, FRESH, on a monthly basis - even after they sold the debt. Is this legal? How can I be late on a debt that doesn't exist anymore since they sold it off? I had a charge off before for a credit card a long time ago and once it was charged off and sold (Navient sold the debt as well) it wasn't reported every.dang.month. Is this legal or some sort of reporting violation? Am I doing this correctly? Should I do a 609 and demand that they show me a copy of my MPN? TIA!!!
  8. Hello Credit Board I am newbie to this forum, but have been lurking for a while. I had recently pulled my credit report and I am having major issues with my student loans. Apparently I have loans that have been transferred \ sold and now are with a new company. The original loan was open back in the 2000's but they are still showing on my credit report. I am not sure how I can have these removed. Any assistance would be greatly appreciated. Thank you in advance
  9. Hi, I'm new here and got a notice from a credit agency on my private student loan. It's been 3 years since I last paid as I was contesting the amount and got sick. I signed for the loan in D.C. and the loan originated in OH. I now live in OH. I also stopped paying while I lived in NY (before I moved to OH). I just got a letter from a CA based in NY state (don't know if the CA state location makes any difference). My question is which SOL will apply? OH, NY or the shorter DC SOL of 3 years? OH has a number of SOLs, 6 years, 8 years so I'm not sure which SOL would even apply to the promissory note for the bank based in OH. How could I look this up at a law library. I'm not very familiar with the process if anyone could help with legal research ideas? I'm also contesting the validity of the loan because the promissory note states that the repayment period is 240 months and I think I have passed this point. Any help I can find would help a long way; very stressed out by this situation---there are so many ways this could go---if the CA goes through with a judgment and wage garnishment (I'm disabled and earn a very small part time income) can they revive the judgment every five years for 15 years (OH) even after the SOL expires on the private loan itself (3 yrs DC SOL, 6 yrs NY SOL, 6 or 8 yrs SOL OH)? I don't know if I should just ignore the CA or write them to dispute this loan (and risk waking the sleeping giant) or wake the sleeping giant with a dispute letter and prepare myself to go to court (have no idea how I would defend myself but would like to dispute amount of the loan, SOL etc). This all seems very risky. Can this debt sold to a credit agency be invalid?
  10. Hi everyone! Just joined the community after hearing great things on an number of personal finance forums. I'm trying to rebuild my credit so that I can get a good mortgage hopefully by the end of 2020. Specifically, I'd like to increase my score from 568 to above 700 -- I know that's ambitious. Some positives. Several weeks ago, I paid off the remaining balance on my CC debt. I'm now in the middle of consolidating my student loan debt, which racks up to about $42K. I'll begin making monthly payments as soon as that process is complete. The not so good. The student loan debt mentioned above. I also have four collection / chargeoff accounts at Cap 1 (x2), Discover, Wells Fargo and Discover. I don't know where to start. I've recently tried applying online for a number of secured credit cards with Cap 1, Discover and Citi but have been denied due to my past issues. Are there any banks that will accept me? What are my other options? Any advice is welcome and I'm ready to do whatever it takes to reach or move closer towards my goal. For what it's worth, salary is between $100K and $120K and paying about $1.3K in rent every month.
  11. I’ve been receiving emails from a school I attended 10+ years ago. They are a large state public university and have recently started sending me emails and letters stating that I owe them for small loans given by the university themself. Of course these small loans (maybe two $500?) have now suddenly become thousands. I have no recollection of these (although they may be correct). I have consolidated Federal loans that I’ve been paying for years and am current on. Are these loans considered private loans? If so the SOL has long since run out. I haven’t replied to any of the emails or the statement I received via snail mail. Thanks for your advice!
  12. Hi, In 2010, while unemployed I decided to go back to school to get an MBA in Project Management at Jones International University. I was already working in the field so I thought that the MBA was going to give my career a boost. While in school I didn't feel I was learning much and I stopped studying for a while because I got a new job and had no time to commit to classes. While this was happening my loan was in forbearance. At some point I decided to go back to school and I learned that he school was closing. I requested my credits/transcripts to see if I could transfer to another school and finish what I started but it's been 4 years and I still don't know where the transcripts are, and I now have a $55K student loan with Great Lakes. This debt is crushing my credit, and I don't know what to do to get rid of it. I obviously can't afford the IDR and to be honest, why should I pay for something that I don't have?! If I try to delete this from my credit, I'll lose the payment history so my scores will tank (0 lates). I am not a public servant so that one is not an option for me. I seriously don't know what to do now. Your advice is more than welcome!
  13. Hello all, I filed bankruptcy last year and was discharged 7/20/17. Good news I guess - but my scores still suck, currently my TU and EQ scores are in the low 500s. My EX score was at 600 last time I checked. I have floated in and out of this forum and other websites looking on how to start the rebuilding process and just end up feeling overwhelmed. I aspire to have better credit, just don’t know where to start and feel kind of hopeless. I thought perhaps I should start a thread for advice and to even maybe motivate me. I have done some online disputes here and there but, haven’t been very diligent about the whole process. Also, online disputes seem to be a miss for me unless I am having addresses removed (EX excluded). Since the discharge, I have been approved for a few store cards which I don’t use...but that doesn’t help my score at all. So here is an overview of what’s left on my credit files: 1st off - I have two bk reporting on my reports. One was dismissed, which is from last year because my attorney had an issue getting the fee in on time (negligence on her end). The court had to open another case, which is the case that is discharged. 2nd - All of the accounts included in bk are reporting correctly except for DCU and a CapOne acct - I disputed and the CRAs said these accounts are valid! I should add that I did it online, which was probably a big no no. Can I redispute by mail along with my discharge papers? I should add that I burned CapOne, NFCU, Credit One, Chase, Penfed, and DCU. Not sure what options that leaves me with for the secured/bk friendly card route. Discover did approve me shortly after the discharge for a secured card but, I never gave the security deposit. I think I wasn’t really ready and didn’t want to get the card without knowing how to use it to benefit my scores. 3rd - I have some accounts that were not included in the bk that have lates, along with a student loan (Perkins loan being handled by ESCI )that has lates. These lates are a drag and I am trying to figure out how I can have them removed. I also have a paid charge off on my account. I tried consolidating the Perkins loan which is defaulted, the consolidation fell through. What else can I do? 4th - I have tons of inquiries on my reports, because I go on random app sprees hoping for a break that will never happen. Should I bother to have these removed? I am starting from scratch now and have ordered my TU and EQ report by mail today. Trying to also order EX, they said I need to mail information to them when I called the auto system. I suppose my overall issue and question is - How can I increase my scores when I have two bankruptcies reporting and a bunch of lates, plus one paid charge off? Do I need to wait until these things fall off before even working on my reports? My credit files suck and I am stuck, any help is appreciated. I wasn’t sure if I should put more detailed info on my accounts but, if I need to - I can (minus my personal info of course)
  14. Hi, everyone! I haven't posted here in a long time, but I've been a member since 2004. Back then, I utilized every relevant forum post to scrub my personal credit and then build business credit. Since that time, I've referred a lot of people here in an effort to share the knowledge. Today, I have a new problem. I went back to school 3 years ago to work on a new Bachelors and Masters degree. My class terms are in 8-week increments and the student loans that I have used to fund my education appear on my credit report. The problem is that those loans are depressing my credit score. My current scores reside in the low to middle 600's. I have a 30-day late payment that is pretty old and 3 inquiries. My oldest account is 15 years old. I do have 72% utilization across my revolving accounts. Over the past year, I have attempted to do the usual things to improve my score. At one point, I paid most of my cards down to 40% without seeing much movement in my score. Don't get me wrong...the score did go up by about 20 points, but I expected more. I believe that the issue is that 8 new student loans have appeared on my report in the past 2 years. Another will be appearing in a few days and I am dreading it already. None of my loans require payment at this time and I'm not too worried about repayment because I will be able to make decent money when I finish school. I'm planning to see if I can dispute the 30-day late in the hopes that it will help. Does bumpage still exist? I think I recall reading that it was in the process of going away a long time ago. Does anyone have any other ideas? Thanks in advance! ~Native
  15. [Offered With limited Commentary] Education Secretary Loses Lawsuit on Student Loan Forgiveness https://www.forbes.com/sites/zackfriedman/2018/09/17/student-loans-lawsuit-devos/#705b3a463230 Loan Forgiveness is a Poor Use of Taxpayer Money https://www.forbes.com/sites/prestoncooper2/2018/09/07/loan-forgiveness-is-a-poor-use-of-taxpayer-money/#159b390f7b89 Despite Powerful Allies, Problems Persist in For-Profit Education https://www.forbes.com/sites/joshmoody/2018/09/17/despite-powerful-allies-problems-persist-in-for-profit-education/#4fce87b364cd The last article also mentions Education Corporation of America, mentioning they are closing 26 locations by 2020. Rather than the ITT or Corinthian route of just leaving students hanging with worthless credits and a stack of student loans, ECA is allowing their students to finish out their programs but are no longer accepting new enrollments. Maybe it's because prospective students are finally figuring out the truth about these diploma mills and avoiding them like the plague?
  16. I recently paid of a student loan. For some reason it is showing as closed. Is there different status it should have? It wasn't late and was paid off early.
  17. 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.
  18. Just a reminder that if you have federally guaranteed student loans, your loans are now being serviced by Navient https://www.navient.com/ If you have privately held or (commercially backed) student loans, your loans are with Sallie Mae https://www.salliemae.com/ For more information, please visit: https://studentaid.ed.gov/about/announcements/sallie-mae Hodap2001
  19. Good evening and happy holidays to all - My federal student loan went into default and I started getting garnished in Feb. 2014. The loans report as 4-6 separate line items on my credit that are bad debts. Since I am essentially paying the loan monthly, shouldn't the collector (DOF sold the account) be reporting the payments to the collection agency? Right now, it's still listed as simply bad debt. Thanks for any help or guidance you can provide.
  20. My wife is a college student. She recently changed schools. Durring the switch, her defered loans went active. She has called and verified that the loans are still defered and will update as defered once attendance is reported. The problem is, when the loans went active, the intrest was updated. Now the loans are reporting over 100% utilization. This has impacted her score. Any advice on what we can do, is appreciated. Thanks
  21. I am so happy I found this board. Background - I am 27 years old, I live in the USA (midwest), and I have suffered from severe depression for most of my life which hit particularly hard in my early 20s. During my 20s I screwed my credit up royally. Suffering from depression and anxiety, I just never paid bills (credit cards, loans, etc) and have let my debt rack up to the point where I have creditors calling my cell phone and my parent's house daily and I receive mail that I just throw away because I already know it's a debt collection letter. I have about $40K in student loans and I never graduated. I am 4 classes away from finishing college but I stopped attending in 2011 because I couldn't afford it and without a college degree, I have not been able to find a job that pays more than $40K a year. I have been unemployed on and off due to my depression but I thankfully found a stable salaried Executive Assistant job in October that pays $38K with benefits so I can start getting help with my mental illness. Anyway, I didn't pay my federal student loans and now they have been in default since 2012. I have about $7K in credit card bills that have gone into collections, about $1K in medical debt that is also in collections, and a few other blemishes on my credit score. Last time I checked my credit score it was below 500 and I'm sure it's even lower now. I am thinking of filing for bankruptcy because I am drowning and I don't know where to start. I barely make enough money to survive on my own let alone pay down this massive debt but I need to try. I want to finish college and get my degree - first and foremost but I owe my school about $2500 before I can even re-enroll and then I probably don't qualify for student loans because I'm in default. I am trying to move out of my parents home but I can't get qualified for an apartment because of my credit score and poor financial history. I don't have any assets and I can't get any type of loan because of my credit. My car is probably one month away from breaking down and I desperately need to get another car (used of course) but can't qualify for anything but shady super high interest auto loans. Over the summer I tried to commit suicide because of my debt issues but was unsuccessful. The stress in my life is so enormous I just don't know how or where to start to even fix this. Any tips are much appreciated. I am currently reading through all the newbie threads but I also wanted to make this thread. I have never told anyone but my parents about my debt issues and it feels oddly cathartic to finally type out all of my problems. My friends and extended family all think I graduated (I did the ceremony because I only had 4 classes left and my college adviser assumed I would finish over the summer) and have a great job and live this great life but I am just living a life. I am 27 and will be 28 in August 2015 and I just want to end my 20's and enter my 30's without this terrible burden.
  22. In 9/2009, I took out two student loans for school. In 6/2010, I took out one more as well. Both of these loans were issued by EdFinancial/Ed America. In 3/2010, the first two TL were closed because they transferred the loans to Federal Loan Servicing. The 6/2010 loan was closed and transferred 7/2010. All 3 of the TLs were transferred in deferred status since I was still a full-time student. I was thinking about disputing these for deletions because I feel they aren't doing anything good for my credit score. Any experts can explain if this is affecting my score in a good or bad way and if I should dispute for removal? I also wanted to know if the deletion would affect my AAOA as well? These loans are for a Florida school as well.
  23. Hi all, I wanted to see if anyone has an opinion on SoFi.com I recently refinanced through them which helped drop the interest rate on my federal student loans from 6.9% down to 5.4%. I was wondering if anyone else has used the service and what success they have had. I also have a question, I would like to work with my mother in law on refinancing the student loans in my wife’s name. They currently have a 8.1% interest rate which seems high to me. I tried having her go though SoFi as well but it is currently not available in Vermont. I was wondering if anyone had any recommendations on a refinancing options for the state of Vermont. Any advice would be appreciated. Best, -Zachary
  24. So, I was just recently browsing my credit report. And I see I have a student loan from 2011(private) which I have payed off in full. originally I went about 120 days without paying it so that is still on my credit report. Is there anything that I can do to have it taken off? It shows the account as closed on my report. I have read about challenging student loans as "obsolete" but I'm not sure how. Any Advice?
  25. Hi all, After I graduated college I began consolidating all of my student loans. However, I somehow missed a loan from the university totaling around $8,0000, and received no notice about payments until the loan went into collections. I have sent a debt validation to the collection agency, and they responded with a copy of the signed promisory note and balance. Can I try to negotiate a pay for delete even though the debt is a student loan? Or do I have to try to set up a payment plan with the collection agency? Any advice would be greatly appreciated. Thanks, TJ
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