How will being over 60 days late on student loan affect my credit score?
I was unaware that they started sending electronic statements only and I had to research to find that out. When I went on the website and put in my info, it popped up that my bill was due on 5/1/08 (it is now 7/3/08) and I now owe $803. How can they just stop sending paper statments with out notifying me first? I am building a house and I know this will affect my credit because on the latest “online” statement it says that the account is seriously deliquent and they are reporting it to credit bureaus. Can I dispute it? HELP!!!!
Not getting a bill is a poor defense for not paying it. You knew that you had a student loan out right? You knew what the terms were when you accepted the funds right? You didn’t think to contact someone as soon as you did not receive a statement?
