Hey folks, anybody have experience dealing with credit agencies or know of anyway that I can help my fiance. Here is the situation. Apparently She had around 5K in undergrad student loans that she was unaware of. It was in her name but the bill was being sent to her scumbag fathers house who promised her when she was in school that he would pay them. Well she assumed everything was good until she check her report. Apparently he hasn't made a payment in over 180 days, what can we do? Once she found out she payed off the balance instantly, but how can we limit the damage that was done?

send Maks a pm, talk with him

I would call the creditor. More than likely if she paid it off, and she explains her situation, they may remove it.

Was there a court order or other legal document that said father was supposed to pay this bill?

 

If there is, call Experian explain the situation, have the documents relating to the bill and the promissory agreement ready. Fax or mail in copies as requested.

 

If there is no documents, she's SOL. The only thing she can do is call and attempt to dispute it but they probably won't be very accommodating.

 

I also find it hard to believe "She had around 5K in undergrad student loans that she was unaware of.". She knew about the loans, she just assumed mr deadbeat was paying it, never a good assumption.

 

To correct this long term, have all her bills paid automatically through her bank's online bill pay. Several years later this blip won't matter.

 

I was a victim of identity theft in January of 2007. Correcting errors takes months. Of the three bureaus, Experian was far and away the easiest to deal with and they share corrections for the most part. That is if you can get a successful dispute, it will publish to the other two in most cases. You will need to get a follow on report from all three several months after you get any corrections done.

Made a mistake of paying it off before talking to the creditor. Right now you have very little pull with it, especially if it is paid off.

 

Best bet is to call the creditor and ask them to reage the account, to make it appear as if you never paid late. Explain the situation. If it was a private, unsubsidized loan, she has more pull with it. If it was a subsidized loan, you have very little pull as the government gave the guarantee.

 

Talk to the lender first.

 

If you haven't paid it already, you could of ask them to reage it, or backdate a forbearance period for the last 180 days. etc.

 

Key here is "Why her dad didn't pay it."

Was there a court order or other legal document that said father was supposed to pay this bill?

 

If there is, call Experian explain the situation, have the documents relating to the bill and the promissory agreement ready. Fax or mail in copies as requested.

 

If there is no documents, she's SOL. The only thing she can do is call and attempt to dispute it but they probably won't be very accommodating.

 

I also find it hard to believe "She had around 5K in undergrad student loans that she was unaware of.". She knew about the loans, she just assumed mr deadbeat was paying it, never a good assumption.

 

To correct this long term, have all her bills paid automatically through her bank's online bill pay. Several years later this blip won't matter.

 

I was a victim of identity theft in January of 2007. Correcting errors takes months. Of the three bureaus, Experian was far and away the easiest to deal with and they share corrections for the most part. That is if you can get a successful dispute, it will publish to the other two in most cases. You will need to get a follow on report from all three several months after you get any corrections done.

 

 

Dont dispute it as the first step, it is more hassle than it is worth, ESPECIALLY for student loans. Furthermore, some student loan companies do not report at all, or to all credit agencies.

 

Dealing with student loans is UNLIKE ANY OTHER DEBT.

 

Dont dispute it as the first step, it is more hassle than it is worth, ESPECIALLY for student loans. Furthermore, some student loan companies do not report at all, or to all credit agencies.

 

Dealing with student loans is UNLIKE ANY OTHER DEBT.

 

 

You missed the important part "Well she assumed everything was good until she check her report.

 

It's already been reported to the credit agencies. I had an issue with Chase 7 years ago where they AGREED in writing that they were in error. They refused to change the report on my credit. I sent the letter to Experian and they pulled it off. That was the third time I tried to get a creditor to change their credit reporting about me and it was the third failure. The previous two times were also the fault of the credit company but I didn't have it in writing(which was why I asked for it that last time).

 

Every time I've dealt with Experian, i've had very little trouble fixing legitimate issues and within 30 days or so, those changes were reflected at Trans-union and Equifax.

 

Dont dispute it as the first step, it is more hassle than it is worth, ESPECIALLY for student loans. Furthermore, some student loan companies do not report at all, or to all credit agencies.

 

Dealing with student loans is UNLIKE ANY OTHER DEBT.

 

 

You missed the important part "Well she assumed everything was good until she check her report.

 

It's already been reported to the credit agencies. I had an issue with Chase 7 years ago where they AGREED in writing that they were in error. They refused to change the report on my credit. I sent the letter to Experian and they pulled it off. That was the third time I tried to get a creditor to change their credit reporting about me and it was the third failure. The previous two times were also the fault of the credit company but I didn't have it in writing(which was why I asked for it that last time).

 

Every time I've dealt with Experian, i've had very little trouble fixing legitimate issues and within 30 days or so, those changes were reflected at Trans-union and Equifax.

 

 

No no, I got it. =) Was just making a more general point too.

 

Student loans are a different ballgame though. I still have student loan stuff from 6 years ago being reported wrong, caused by errors during the whole student loan refinancing thing a bit ago.

 

In any case, dealing with creditor first is the easiest to getting credit report stuff fixed.

 

If you want more specific help, http://www.creditboards.com/

Thanks for the info.. i'll have to check what happened exactly when she called the lender. I told her she should explain the situation and see if anything could be done. I believe she said everything was already reported and that the lender said it would just be reported paid as of today.

 

Incase nothing can be done in about this, how much of a hit will she take on her credit score because of this? Shes paid everything else on time, this is the only account thats ever had a missed payment.

Depends... are you planning any major purchases? In a year or so it is not going to have any material impact, as long as everything else is ok.

haha..yea we plan on buying a house soon. hopefully within 6 months.