Chloe1214 Posted May 30, 2007 Report Share Posted May 30, 2007 From what I have read on the forum I fear she has no hope......I have a friend with 6 loans from Sallie Mae, and they are ALL in a derog status stating "Current Account/was delinquent 120 days past due; Payment Deferred" She thinks the loans were deferred. They said that the loans came out of deferment and put them back in deferment when she called. Is there anything she can do to have the lates removed? What would be the best approach to take? Link to comment Share on other sites More sharing options...
Amerikaner83 Posted May 30, 2007 Report Share Posted May 30, 2007 The only thing I can think of is pay on time for like 6 months, then send a really nice a$$kissing goodwill letter to them asking to remove the derog. comments.Was she paying late on purpose or innocent explanation? Link to comment Share on other sites More sharing options...
Chloe1214 Posted May 30, 2007 Author Report Share Posted May 30, 2007 She swears she had no idea they were out of deferment. She contacted them as soon as she became aware they were late and had them deferred again. Link to comment Share on other sites More sharing options...
Amerikaner83 Posted May 30, 2007 Report Share Posted May 30, 2007 OK then..is it reasonable then to say that "she was uninformed about the dates of deferment when she left college" - assuming they were immediately deferred out of school, If she calls SallieMae up (and gets someone who's NOT in India) or writes them with a goodwill letter now, it might do something.They don't have to do anything at all. If it's explained to them that it's a huge misunderstanding and she feels terrible about it..yadda yadda yadda...Is she planning on making payments to them anytime soon? Sure, they deferred it again but how long will it last this time? I'd have her consolidate (makes several loans into one) then see how the monthly payment will be, and start paying it ASAP. Recent paymetns will show SallieMae that she's genuinely interested in fulfilling her obligation to pay the loans, and increase the likelihood they may cater to her goodwill requests. Link to comment Share on other sites More sharing options...
Chloe1214 Posted May 30, 2007 Author Report Share Posted May 30, 2007 That's a very good idea. I will bring that up with her. She is 50 now. In the 70's she took out a lot of student loans and paid them all back. She went back to school later, took out student loans and these are the loans now. I will talk to her about consolidation. That may be just what she needs. Thank you so much for the advice. Link to comment Share on other sites More sharing options...
Chloe1214 Posted May 30, 2007 Author Report Share Posted May 30, 2007 I don't know if she is paying them anytime soon. I will ask her about that. She may be a little tight on the funds. I'll get with her on that. Link to comment Share on other sites More sharing options...
Amerikaner83 Posted May 30, 2007 Report Share Posted May 30, 2007 OK cool - if you need anything else let me know, If I can help I"ll be more than happy to Link to comment Share on other sites More sharing options...
Chloe1214 Posted May 30, 2007 Author Report Share Posted May 30, 2007 Thanks again. I spoke with her. She's going to start with begging and then see about consolidation if that doesn't work..... Let's hope the begging works. Link to comment Share on other sites More sharing options...
Amerikaner83 Posted May 30, 2007 Report Share Posted May 30, 2007 here's to hoping! Link to comment Share on other sites More sharing options...
moleary77 Posted May 31, 2007 Report Share Posted May 31, 2007 sallie mae is horrible with your loans! I consolodated my loans last year and they are still reporting the "old" loans with a balance and past due and on my consolodation loan they are reporting that I was 120 late from 01/06-08-06 and I didn't get that loan until 09/06. I have disputed it 3 times, called Sallie Mae (which ironically is based 10 minutes from my house, but I get someone in India...) They keep telling me that they have taken care of it but continue to report inaccurate information! Link to comment Share on other sites More sharing options...
Chloe1214 Posted June 1, 2007 Author Report Share Posted June 1, 2007 That's just aweful. That's what happens when we outsource to other countries for pennies on the dollar. It's all really sad. You would think for all the money they make we could at least get someone who MIGHT give a darn on the phone. That's an entirely different argument for an entirely different website though. lol... Link to comment Share on other sites More sharing options...
Amerikaner83 Posted June 1, 2007 Report Share Posted June 1, 2007 Hey moleary - If they're based 10 mins from you....take all your documentation to the building and make an appt with the highest ranking person there, dump all your documentation out on his desk, tell him you're not leaving until his company fixes the errors they caused your credit. Hell if you have to, give them an ITS or something......you don't deserve to have bad credit for any wrong THEY made.... Link to comment Share on other sites More sharing options...
Angeleeyez Posted June 1, 2007 Report Share Posted June 1, 2007 From what I have read on the forum I fear she has no hope......I have a friend with 6 loans from Sallie Mae, and they are ALL in a derog status stating "Current Account/was delinquent 120 days past due; Payment Deferred" She thinks the loans were deferred. They said that the loans came out of deferment and put them back in deferment when she called. Is there anything she can do to have the lates removed? What would be the best approach to take?My friend who told me about services. Had this same issue with Sallie Mae, somehow here accounts are now showing Paying As Agreed....thats why i was trying to get others opinion on the forums about this company.removed link by mod Link to comment Share on other sites More sharing options...
IHateCAs Posted June 1, 2007 Report Share Posted June 1, 2007 I can't speak for Sallie Mae but... I have seen delinquent student loans go back into deferment then report as paid as agreed when the deferment runs out and you start paying again. Link to comment Share on other sites More sharing options...
Recommended Posts