junkey1700 Posted April 10, 2011 Report Share Posted April 10, 2011 HI, I HAVE DEFAULTED STUDENT LOANS WITH SALLIE MAE. UNFORTURNATELY THEY WHERE SOLD TO THE CALIFORNIA STUDENT AID. I WENT THROUGH LOAN REHABILITATION WITH CALI STUDENT AID AND I AM CURRENT FOR THE PAST 2 YEARS OR SO. I AM IN THE PROCESS OF FIXING MY CREDIT AND WOULD LIKE TO HAVE THESE TRADE LINES DELETED (SALLIE MAE). THERE ARE BEING REPORTED AS;SALLIE MAE(4) LOANS - $2,600 - $4,000 - $3,100 - $3,600180 / 150 / 120 / 90 DAYS LATE DEBT BEING PAID THROUGH INSURANCE I HAVE;DISPUTED WITH CRAS / CAME BACE VERIFIEDREQUESTED DISCRIPTION OF PROCEDURE / TRANS ANSWERED OTHER 3 CRA DID NOT WROTE 623 LETTERS / RECEIVED COPY OF ORIGINAL LOAN AGREEMENTFINALLY GOODWILL LETTER / NO RESPONCEMY QUESTION IS HOW SHOULD I PROCEED FROM THIS POINT? KEEP ON DOING THE SAME PROCESS UNTILL I GET LUCKY OR AM I MISSING A STEP OR SOMETHING ELSE?HELP WOULD GREATLY BE APPRECIATED Link to comment Share on other sites More sharing options...
stone4779 Posted April 10, 2011 Report Share Posted April 10, 2011 HI, I HAVE DEFAULTED STUDENT LOANS WITH SALLIE MAE. UNFORTURNATELY THEY WHERE SOLD TO THE CALIFORNIA STUDENT AID. I WENT THROUGH LOAN REHABILITATION WITH CALI STUDENT AID AND I AM CURRENT FOR THE PAST 2 YEARS OR SO. I AM IN THE PROCESS OF FIXING MY CREDIT AND WOULD LIKE TO HAVE THESE TRADE LINES DELETED (SALLIE MAE). THERE ARE BEING REPORTED AS;SALLIE MAE(4) LOANS - $2,600 - $4,000 - $3,100 - $3,600180 / 150 / 120 / 90 DAYS LATE DEBT BEING PAID THROUGH INSURANCE I HAVE;DISPUTED WITH CRAS / CAME BACE VERIFIEDREQUESTED DISCRIPTION OF PROCEDURE / TRANS ANSWERED OTHER 3 CRA DID NOT WROTE 623 LETTERS / RECEIVED COPY OF ORIGINAL LOAN AGREEMENTFINALLY GOODWILL LETTER / NO RESPONCEMY QUESTION IS HOW SHOULD I PROCEED FROM THIS POINT? KEEP ON DOING THE SAME PROCESS UNTILL I GET LUCKY OR AM I MISSING A STEP OR SOMETHING ELSE?HELP WOULD GREATLY BE APPRECIATEDWe need more info. Dates of first delinquency, dates opened, etc.But honestly man Sallie Mae sucks, they are a PITA to work with. They will verify every time lol.Im pretty sure you are just stuck with it Whats the last payment date? Link to comment Share on other sites More sharing options...
junkey1700 Posted April 13, 2011 Author Report Share Posted April 13, 2011 OPENED 2004 - DELINQUINT FROM 2006 - REHAB 2008 Link to comment Share on other sites More sharing options...
stone4779 Posted April 13, 2011 Report Share Posted April 13, 2011 well if your lates are as new as 2007-2008, you are probably stuck with them until 2014-2015....the good new is the older it is, the less it will affect your credit score..what i would do is continue to dispute it, changing the reason every time and try to catch them in a violation, maybe you can get lucky and they wont respond one of these times?i doubt it, it being Sallie Mae..but it doesnt hurt to try Link to comment Share on other sites More sharing options...
LynnInMN Posted May 22, 2011 Report Share Posted May 22, 2011 Even with rehab, sallie mae is under no obligation to remove their negative tradelien per the higher education act. Link to comment Share on other sites More sharing options...
stone4779 Posted May 23, 2011 Report Share Posted May 23, 2011 the Higher Education Act only requires them to report to AT LEAST ONE credit reporting agency... Link to comment Share on other sites More sharing options...
LynnInMN Posted May 25, 2011 Report Share Posted May 25, 2011 Why don't you just settle it? Are the loans subsidized or unsubsidized? If they're private, we can get you out of this mess.www dot studentloansescape dot comIf you knew anything about student loans, the term rehabilitation would tell you right off they are FEDERAL LOANS. Link to comment Share on other sites More sharing options...
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