waverlymike

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About waverlymike

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  1. I checked on nslds and called the department of education and they said I don't have any federal loans that are in default.
  2. I have a student loan that I settled with (it's listed as AES/NCT) and now NCO is trying to collect on something from National Collegiate Trust. I'm 95% sure I don't have any other outstanding student loans (and definitely not a federal loan) and it's approaching the SOL (in May, I believe, as it's scheduled to come off in May of 2015). Do you know if NCO does student loans?
  3. I'm trying to figure out something on my credit report. I have a debt that was paid and I have a collector trying to collect on something that I think is the paid debt, but I am not 100% sure because years ago I was pretty irresponsible and did well to mess my credit up in many ways possible. I've got it almost cleaned up, but the collector (NCO Financial) has a line on my credit report that is a different account number than the account that I think it is in reference to. Is that possible, that maybe they list their own account number, or would a collection account number have to be the same as the original debt's account number? Sorry for my ignorance. Thanks.
  4. Ok, and if it is not "federally insured" then there would be a SOL, right? I read something about non-profit orgs guaranteeing them or something and those being exempt from SOL.
  5. Sorry for the naivete. So when I call the Department of Education, do I just ask for a list of all of my federal loans? Of a list of any and all loans that would be federally guaranteed? Is there some other stipulation about a private loan that is backed by a non-profit or something like that that makes them exempt from the SOL? Just want to make sure I have all of my bases covered. Also, what are the odds that I don't get sued for this before the SOL is up? Do you think it would be better to offer some kind of lump sum payment to settle it? Is there any way to offer a settlement without acknowledging the debt is mine or restarting the SOL or anything?
  6. I believe it was with the loan company, not the collector that the payment was made. And I'm fairly certain it was my father. I asked for how it was paid, the CC number, etc and they said it was always done by bank account and routing but they did not have that information (This was talking to AES/national collegiate trust, not NCO).
  7. So I was just smacked in the face with information that National Collegiate Trust has gotten NCO FInancial to attempt to collect on a defaulted student loan from me. First of all, I don't even remember taking this loan. I was an irresponsible prick my first time in college and I drank way too much so my memory is not the best. However, they are telling me that I got a private loan from Charter One (I believe through the education resource institute) and the check was sent directly to me, which I cashed. Now, this was in 11/2004. However, I also have vague memories of my father attempting to help me with this and getting a plan together in 2008. They say one payment was made 4/2008. This is not listed in the NSLDS database. I believe they said it was a ALPLN. My other current loans, which I pay, are listed on NSLDS but this isn't. How do I find out for sure if this is federally guaranteed or not? If the last payment was made 4/2008 and it was not federally guaranteed then the SOL would be up in May of 2014, right?
  8. So I was just smacked in the face with information that National Collegiate Trust has gotten NCO FInancial to attempt to collect on a defaulted student loan from me. First of all, I don't even remember taking this loan. I was an irresponsible prick my first time in college and I drank way too much so my memory is not the best. However, they are telling me that I got a private loan from Charter One (I believe through the education resource institute) and the check was sent directly to me, which I cashed. Now, this was in 11/2004. However, I also have vague memories of my father attempting to help me with this and getting a plan together in 2008. They say one payment was made 4/2008. This is not listed in the NSLDS database. My other current loans, which I pay, are. How do I find out for sure if this is federally guaranteed or not? If the last payment was made 4/2008 and it was not federally guaranteed then the SOL would be up in May of 2014, right?
  9. Also, can anyone answer this? If the loan was from 2004, but somebody (I believe my father) made a payment on it in april of 2008, does that restart the statute of limitations? Does it have to be me who pays it to restart it or does it get restarted if anybody pays it? They said somebody logged in into my account and paid it. I assume there's no way to prove it wasn't me? And even if it wasn't me, would it make a difference?
  10. I have another question now. They are saying that I took another private loan out which I don't even remember. I'm fighting it and asking for all appropriate documentation but I have a question about it. If it is a private student loan through Charter One Bank, what is the statute of limitation on it? Is it 6 years in New York? Apparently there was a payment made on it in April of 2008. When I talked to them I didn't acknowledge that it was mine - I was actually quite vehement that it wasn't mine. But let's just say that it is, then do they only have until April of next year to sue me for it? Also, if it turned out that it was in fact mine, what are the odds of being able to settle for a lump sum? If it's about 14,300, what would be a good offer? The most I could afford would be about 5,000 and that would be taking money from my retirement plan, so the absolute max.
  11. This is what happened. Apparently it has nothing to do with my current loans. I had my old private loan which I took years ago and defaulted on. It was for around $6000. This was in I believe 2004. I believe it must have been federally guaranteed since NCT is dealing with it? Also, I believe to try to help me, in 2008 my father worked out a payment plan and made a payment or two (which I assume restarted the SOL even if there was one - which I don't think there is on this, correct?). In December I settled with the collector (Richard J Boudreau) for $3700 which was half of the amount owed. They were representing the original bank that disbursed the loan (Citizen's). I have the letter saying that once the payment is received it will be settled in full. I just called them, they said it has been settled and they are re-faxing and mailing me the letter saying such. I just spoke with the collection agency (NCO) who said that it is reporting I owe $14k something from the National Collegiate Trust. I have only ever taken one private student loan that wasn't taken care of. Is it possible that somehow there was a disconnect and NCT wasn't notified? Once I get a copy of the letter saying it is settled, who should I work with - NCT, the bank or NCO? DAMMIT I have been so good about fixing my credit this is just more stress for me to deal with!!!
  12. I did that. On the website i used to pay it it literally says it was transferrrd to PHEA. Ialso called and verified this.
  13. I have one other small student loan that I had defaulted on that I had negotiated a settlement with and paid about a year ago. That was only for about 6,000. This collection notice was for around $14,355 dated owed from right around when it was transferred. I owe $13,995 on my current student loans. When I say my "old account" I mean that loan servicer or provider or whatever that I was paying to until about 2 months ago. Then it was transferred and I pay on the new website. It says the balance was transferred, I talked to the servicer and they said it was transferred. I believe that PHEAA has taken over a bunch of Direct Loans. Everything has been paid on time, the only difference is that the loan was transferred. I don't understand how this happened. Any other info I could give you?
  14. Wondering if anyone has heard of anything like this? My student loans are current, all paid "MORE than the minimum on time if not early every month. About 1.5 to 2 months ago they were transferred to PHEAA. I have made a payment with them and it's all paid as agree. My old account through (myedaccount.org) says the balance was transferred. Today I see that I got a letter yesterday from NCO FInancial collecting on a defaulted loan and the creditor is National Collegiate Trust. The balance is very similar to what I owe on my student loans. What is going on here? Who do I call tomorrow to deal with this? Thanks.
  15. I understand what you folks are saying and don't disagree. The fact is, I've worked hard over the last year to clean up my credit report, this is the last bad thing on it and I need to start shopping around for a mortgage. Dealing with court or waiting a few more years really isn't an option. I guess I have one more question. If I pay the OC and don't deal with the collector, then is it technically a "paid collection?" Or if I pay the OC then can I just go ahead and dispute with the CRAs without asking the OC to "recall" it from the collector or anything like that?