hambone Posted March 14, 2008 Report Share Posted March 14, 2008 Is there anything I can do about the the same late payment entry appearing on my credit report on two seperate occasions? Link to comment Share on other sites More sharing options...
Cynic Posted March 15, 2008 Report Share Posted March 15, 2008 Depends. We would need you to at least say what appears on the report and what happened to give a definitive answer. The most common situation, however, is when you take multiple loans from the same lender for multiple years of school. The lender combines them for billing purposes, but still has to report each one separately to CRAs (per federal regulations). In that case, even if you send 1 check to pay for your multiple loans, you are still correctly late on each loan you don't pay on time, end of story, period. Link to comment Share on other sites More sharing options...
TTigggers Posted March 15, 2008 Report Share Posted March 15, 2008 You could contact the creditor and ask to have them removed.You could dispute the late on your CR just remember you may loose the TL if the CRA can't verify the info. Link to comment Share on other sites More sharing options...
hambone Posted March 17, 2008 Author Report Share Posted March 17, 2008 "TL"?What does that stand for? Link to comment Share on other sites More sharing options...
AboveAverage Posted March 17, 2008 Report Share Posted March 17, 2008 "TL"?What does that stand for?(account on your credit reports) TL=TradeLine. You may want to to a search for acronyms. Link to comment Share on other sites More sharing options...
TTigggers Posted March 17, 2008 Report Share Posted March 17, 2008 "TL"?What does that stand for?If you haven't already read thishttp://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=247970 Link to comment Share on other sites More sharing options...
hambone Posted March 17, 2008 Author Report Share Posted March 17, 2008 Don't I want a negative "Trade Line" to come off or am I more confussed that I think?? Link to comment Share on other sites More sharing options...
gypsie Posted March 17, 2008 Report Share Posted March 17, 2008 Don't I want a negative "Trade Line" to come off or am I more confussed that I think??well, I don't know if you're confused.....You have multiple negative TLs due to late payments. Unfortunately, student loans are required by law to report the lates. It's probably just like cynic said- you've got several loans combined into 1 bill and each loan reports as a separate TL. Link to comment Share on other sites More sharing options...
hambone Posted March 17, 2008 Author Report Share Posted March 17, 2008 I want the negative trade lines off. I am still trying to get use to the terminology.My late loans are with EDFINICIAL-4SALLIE MAEMOEHELA-2US DEPARTMENT OF EDUCATIONI had several loans out as once and was in basic training the first time they came late and deployed the second time they became late. I have since consolidated them all and have had no further problems with them. But the ones that are on there now are killing me. Link to comment Share on other sites More sharing options...
AboveAverage Posted March 17, 2008 Report Share Posted March 17, 2008 I forgot the law, but I believe it might apply to you. You might be able to get the lates removed or some sort of relief because you were a service member who was deployed.Unfortunately, I'm not very familiar, but hopefully those who are can find this thread and point you in the right direction. I just googled it and found the SCRA, for example. Some sort of relief should be available to you. Link to comment Share on other sites More sharing options...
CleverCynic Posted March 18, 2008 Report Share Posted March 18, 2008 TWo separate OCCASIONS or same month just across two different disbursements?They usually don't allow you to pick and choose a disbursement to pay, so payments are applied equally across the board. So one late could be disasterous, especially in my case where I have 12 now and 16 when I'm done. That would show as 16 lates in a month! VERY good incentive to pay on time. Link to comment Share on other sites More sharing options...
Cynic Posted March 21, 2008 Report Share Posted March 21, 2008 Federal student loans are exempt from the Service-Members Civil Relief Act. That law would have only covered deployment due to declared war or disaster, anyway, not the training. You may have qualified for a deferment, but it was your responsibility to notify your loan holders of your status and complete the necessary forms. You're SOL. Link to comment Share on other sites More sharing options...
rachael24 Posted March 21, 2008 Report Share Posted March 21, 2008 Above, I believe this to be true. I have a friend from college that did this, which was last year. So I think this is atill available. Link to comment Share on other sites More sharing options...
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