Can’t Qualify For Private Loans, Now What? :(
SUMMARY OF MY PROBLEM Just put my daughter in college, she received financial aid and grants that covered the bulk of her tuition but not housing, books, meal plan and remaining balance for tuition. I thought we could easily get a private loan to cover the remaining expenses with me co-signing for her but I've been getting denied left and right. I don't want to have to take a parent plus loan that will be all on me and none on her being that she's going to be a teacher and they pardon a bulk of your loans when you teach in certain areas for a certain length of time.
Categories: Student Loans Tags: certain-areas, certain-length, daughter, financial-aid, loans, private-loan, remaining, tuition, tunnel
Pulled my 1st CR post Ch7
And I do not see student loans listed anywhere except as "Included in Bankruptcy" ... help? I am thrilled beyond belief as they were almost 20 years old, but am thinking there is a mistake somewhere and that if I don't pay them, I will have bad debt again.
Categories: Student Loans Tags: acs, bad-debt, bankruptcy, college, college-loan, not-see, Student Loans, thrilled-beyond, years-old
Sallie Mae – Heroes Act of 2003
Hi Forum, My situation is I have a 120 day late with Sallie Mae while I was deployed in Afghanistan.
Categories: Student Loans Tags: been-on-time, credit, few-months, heroes, making-it-over, might-help, Mistake, payments-since, sallie, these-cases, usually-handle
Sallie Mae under EX potentially negative items, can I get rid of it there?
Sallie Mae is showing under my Experian report under potentialleneg items. It says account transferred to another lender, original amount of $22,493. Last reported 2/07. It has several lates on it, in 2004, 05 and 06. I rehabbed the loan about 2 years ago and there's also several entries under accounts in good standing for Sallie Mae, including the exact same loan that's showing up in the neg items. I'm assuming the over 22K in neg items is pretty damaging to my score (which I hevn't pulled yet) and report in general. What can I do to get Sallie Mae off the neg items, anything? The loan is in good standing and being paid on time now. TIA!
Categories: Student Loans Tags: entries-under, exact, experian, good-standing, lender, neg-items, pretty-damaging, says-account, showing-under
A Late Payment is on My Credit Report Twice… Help?
Hi Everyone, One of the CB's has my student loans reported twice. I have 9 student loans, and they are all reported separate. I had a few late payments back in 2006, so that's 9 dings on my credit report. However, the student loan as since been sold to another bank. The new bank, SallieMae, has reported all the the old payment history as theirs...
Categories: Student Loans Tags: commission, credit, credit-report, exact, FICO, late-payment, listed-once, loan-as-since, payment-history, score-down, still-listed, student, Student Loans, student-finance, the-student
Paying off student loans
When you have several student loans to pay off, do you think it's better to focus on the low interest ones first, or the highest interest ones? In my case, 4 of my lowest balance student loans also have the lowest interest rates. The other 6 are all at the same interest rate, 6.8%.
Categories: Student Loans Tags: Advice, background, higher, higher-balances, highest, interest-ones, interest-rate, little-ones, lowest-balance, moment, several-student, Student Loans, the-background, the-direction, the-highest
When will new student loan affect my credit!
Need student loan! But first want to know if it will go on my report even though i will be in school for 2 years!when will it show?
Categories: Student Loans Tags: first-want, report, student-loan, will-it-show
Should i get a student loan!
My credit score is TU:607 EQ:610 im starting school next month & need student loan. I've had one in the past that i paid in full. Will this new open acct.
Categories: Student Loans Tags: cards-being, credit, fixed-rate, mortgage-nxt, need-student, past, poor-because, Reason, score, short-history, starting-school, the-past
Will consolidating all my student loans into one loan help improve my FICO score?
Hi everyone, my first post here. I have multiple student loans on my credit report and all are in good standing since I am still a student. A new one gets added each semester as my financial aid is approved instead of them all being grouped together. I was wondering if it would be better for my score to consolidate them into one big loan instead of showing all these smaller multiple loans? Obviously the actual amount will stay the same regardless of what I do, but I wasn't sure if the number of outstanding loans was a factor in my score in addition to the total balance. Thanks!
Categories: Student Loans Tags: financial-aid, good-standing, loan-instead, multiple-loans, same-regardless, score, stay-the-same, Student Loans, these-smaller
Gate Loans and Bankruptcy
Good Afternoon, This is my first post, and I would very much appreciate any feedback or advice on my current situation. Needless to say, I went through a period of financial irresponsibility when I was younger, and now I am digging my way out of the hole. I declared bankruptcy last year and just completed my rehab program for my consolidated federal student loans a couple of months ago. I received a credit report last month after being denied employment, and was suprised to see "National Collegiate Trust" as one of my creditors. A week later, I was getting collection calls from a company called ConServe, trying to collect on a student loan debt. After requesting promissory notes and researching the situation, It turns out that I had Gate loans through AES, in addition to my federal loans, which defaulted back in September of 07. AES then sold the defaulted private loans to First Marblehead, from whom I received no correspondence, at least to my knowledge.....these loans were then transferred to ConServe on June 24, 2010. The reason I was confused is because 6/24/10 is coincidentally the same exact day that my federal student loans (that I had successfully rehabbed) were picked up by another lender, who I am current with. I thought that some lines got crossed, but I found out today, much to my surprise, that these loans are real and need to be paid. I called First Marblehead, and the man I spoke to was not very accomodating at all....he said that I either need to deal with the collections or call AES for a review. When I called AES for a review, the supervisor said that they have thorough records of letters and phone calls made to collect this debt which went unanswered, and that the loan defaulted properly. I don't deny it, that was a tough period where I was getting bombarded by multiple collections at once, and they were hard to keep track of. However, I did not get any correspondence from First Marblehead EVER, and I always kept my address information current with AES, and always submitted the proper change of address forms to the post office so bills would be forwarded. Bottom line is, the collectors are calling about $30k in debt, and mentioned that they would accept $18k. My question is, what do I do now? Is there any way that I can reopen my bankruptcy case and have these loans erased since they are "private" and not federal? If not, what do you think the minimum offer they would accept is? I have some money, but not $18k ... what do you think they would accept as a bottom line to settle and get these marks off my credit? Sorry for the lengthy post, but it is a complicated situation....thanks for any feedback.
Categories: Student Loans Tags: bankruptcy, bankruptcy-case, collectors, consolidated, Federal, first-marblehead, Knowledge, went-unanswered