I have loans with Sallie Mae and another private lender. My Ch 13 discharge was granted in May/June 2011. In April-May I began the process of contacting the lenders to set up payment plans so I could begin repayment as soon as I was discharged. Payments have been taken out on time every month since the beginning of June 2011, right before I received my discharge papers.
I recently checked my credit report and while all the Sallie Mae reporting shows me being on time, the agency that the private lender reports to (Transunion) is showing me delinquent on that loan since April 2011.
First I called the lender's billing agency because they have been sending me bills saying I'm seriously past due on the loan, even though all the payments have been made on time. I explained to them that I had set up a payment plan w/the lender and they said I needed to have the lender send them that info. I also mentioned the marks on my report and they said, again, that was the lender's responsibility.
So, I called the lender next. They told me that since it is an old loan it will show delinquent on my report. I said "how can this be when I've been paying you on time every time, and why are you marking my report 1 month before I was discharged from my bk?" She said that is the billing agencies doing.
So now this has me thinking - 1) can they post red marks to my credit report before I was officially discharged? and 2) can they show me as being late because it is an "old loan" even though I'm making the full payment every month on time?
And while I was in my bk, all of my payments were made to the trustee in the correct amount and on time.
I recently checked my credit report and while all the Sallie Mae reporting shows me being on time, the agency that the private lender reports to (Transunion) is showing me delinquent on that loan since April 2011.
First I called the lender's billing agency because they have been sending me bills saying I'm seriously past due on the loan, even though all the payments have been made on time. I explained to them that I had set up a payment plan w/the lender and they said I needed to have the lender send them that info. I also mentioned the marks on my report and they said, again, that was the lender's responsibility.
So, I called the lender next. They told me that since it is an old loan it will show delinquent on my report. I said "how can this be when I've been paying you on time every time, and why are you marking my report 1 month before I was discharged from my bk?" She said that is the billing agencies doing.
So now this has me thinking - 1) can they post red marks to my credit report before I was officially discharged? and 2) can they show me as being late because it is an "old loan" even though I'm making the full payment every month on time?
And while I was in my bk, all of my payments were made to the trustee in the correct amount and on time.
Bankruptcy Wizard
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