I have a student loan delinquency showing from PHEAA and AES on my credit report that is scheduled to fall off next year. I have since paid the account in full and didn’t know about the “pay for delete” strategy at the time. Is there any way of appealing to these agencies to have them remove the derogatory info from my credit report?
Tags: credit, Delinquency, From, Full", Loan, Paid, Remove, Reports, student
January 26th, 2010 at 6:05 pm
Unfortunately if this is a legitamate charge there is no way to have it removed prior to the 7 1/2 year cut off.
If it helps, they student loan agency would not have accepted a PFD since they don’t have a statute of limitations.
January 27th, 2010 at 12:10 am
Do you have any documents that state that you are paid in full? If you do, submit the documentation to have the status updated.
HOWEVER, you may be better served by waiting the year and not opening the opportunity for that delinquency to appear longer. If you are not buying a car, house, or other big ticket item just sit tight. If the question does come up – just show your documentation that this account is paid in full.
January 27th, 2010 at 5:02 am
I recommend that you work on disputing the claim. From my understanding you have an account in collections that is paid, since it is already paid you are going to have to dispute the claim. Here is the quick breakdown on how to do it.
1. Get all the information for your claim
2. Create a dispute letter (there are free ones on the Internet)
3. Make copes then mail it certified to keep tracks of dates.
4. Wait 30 days for response by law credit bureaus must give you one, if they don’t it must be removed!
5. If you don’t get a response send in another letter giving the dates and by law it has to be removed.
There is ton’s of information on disputing claims, get informed and then get it off your credit! Good Luck!