What to do about a "defaulted" student loan!?
Date: Mon, 08/10/2009 - 13:03
What to do about a "defaulted" student loan!?
I've asked them to remove the report, but nothing has happened. Since I was a student until December of 2007 and my student loans were in deferment until June 2008 I want to know what I can do about getting this moved from the "Potentially Negative" section to the accounts in "Good Standing" section.
Any advise or help is greatly appreciated!!
I've been working on repairing my credit for years, since I had some sort of ID theft in the past...
And now I have to deal with RJM on top of this!
I'm afraid there is no way to remove the entry from the credit r
I'm afraid there is no way to remove the entry from the credit report. It'd continue to stay on your report for the next seven years. However, the lender should update its status to 'paid in full' so that it doesn't continue affecting the score negatively.
Students loans are required by law to report and with the defaul
Students loans are required by law to report and with the default, the tradeline will not drop until 7 years from your default date.
defaulted student loan
A friend of mine had this problem. Her lender reported the loan, to the CB's as being 'defaulted'...which it was not. My friend never even had a 'deferrment' ot 'harship' on the loan. She tried to contact the lender, with proper paperwork, to proof she paid it off and the loan was never 'defaulted'. She never received a response from them. She, then, wrote to the CB's, sent them a Certified letter, with all of the paperwprk, receipts from payments, etc. amd the CB's removed the 'negative' amount. You may want to try this...just a suggestion.
sdchargers, THANK YOU!! That is exactly my problem. The loan wa
sdchargers, THANK YOU!! That is exactly my problem. The loan was in deferment because I was still a student... I made all of the payments online, so I'll have to figure out if I have saved transcripts, but I'm definitely going to get a letter out to the CA! I'm good about saving things, and I recall them sending me a letter saying "OOPS!! We didn't realize you were a student still!!"
So hopefully I will get things straight!
Thanks again for the advice!
It also depends on what type of loan you are dealing with. With
It also depends on what type of loan you are dealing with. With private loans, some deferements do not cover subsequent schools. Others hold you responsible for filing deferment on time.