Inaccurate Student Loan Report

[leah911_30114]

My question involves a credit report problem in the State of: Georgia

I attended school A during the 2003-2004 school year and took out a private loan w/ an in-school deferment option.

I transferred to school B for the 04-05 and 05-06 schools years, went full-time both years but borrowed govt. subsidized loans instead.

In Jan 06 I received a payment booklet from the private lender. I called and told them I was still in school so the loan shouldn't go into repayment. I had to file some extra paper work to prove I was in school, which took a couple of months to process, etc.

On my credit report the private loan now has a status of: Open/Current, was 90 days past due. They reported that I missed the Feb/March 06 payments.

I called the lender and asked why I was being reported as 90 days late when my loans never could never have gone into repayment since I was a full-time student in Feb/March 2006.

The lender said that the National Student Clearinghouse reported that I was not a full-time student in 05-06, so the loans went into repayment. I told them that the Clearinghouse was wrong, I could prove it, and they should remove the negative info.

They told me that it was my responsibility to pay the Feb/March 06 payments while the paperwork was processing and refused to remove the info.

Is there anything I can do? Can they really report this kind of information?

[Mr. Knowitall]

Your obligations under your contract are defined in your contract, which of course you didn't read (almost nobody does) and we can't see from here. Do you still have a copy? If not, request that they provide you with a copy.