Student Loan with Department of Education's Debt [Archive]

angjbs

10-12-2008, 05:47 AM

I have a Student Loan at time of my ch 13, now I was discharged, but when I go to Studen Load home Page says (Your loan(s) have been transferred to the Department of Education's Debt Collection Service (DCS) due to delinquency. For additional information contact DCS at (800) 621-3115)

my question is if I have to pay the remain balance? because chapter 13 plan make some payment to the loan and the balance was decreasing by month.

My Credit Report Show:
Box 1
Condition: Derogatory
Balance: $0
Pay Status: Collection/Chargeoff
Past Due: $0
Payment: $50
Remarks: Collection Account
Placed for collection
Reported: 09/30/2004
Box 2
Condition: Derogatory
Balance: $0
Pay Status: Wage Earner Plan
Past Due: $0
Payment: $945
Remarks: Chapter 13; wage earner plan account
Reported: 08/31/2008

lrprn

10-12-2008, 07:21 PM

I have a Student Loan at time of my ch 13, now I was discharged, but when I go to Studen Load home Page says (Your loan(s) have been transferred to the Department of Education's Debt Collection Service (DCS) due to delinquency.)

my question is if I have to pay the remain balance? because chapter 13 plan make some payment to the loan and the balance was decreasing by month.
Your credit report is not the place to get accurate information about your student loans. Also it's not unusual for student loan lenders (even govt ones) to shift your account over to third party companies while your Ch 13 was active.

Now that your Ch 13 is done (CONGRATULATIONS!!!!), contact the lender directly. Ask for an accounting in writing for your loan since your Ch 13 filing showing all account activity month by month. That's how you can find out exactly where the lender says you stand now. If you disagree, then dispute their accounting using your own financial records.

Now that your Ch 13 is over, the lender expects you to start making full payments again immediately. When was your Ch 13 discharged? Have you made payments since then? (And by the way, please note that the minimum payment they request typically covers the interest only every month. Paying this loan off as quickly as possible should be a goal for your post-13 financial budget.



	Bankruptcy Forum > After the Discharge > Student loans > Student Loan with Department of Education's Debt PDA Student Loan with Department of Education's Debt angjbs 10-12-2008, 05:47 AM I have a Student Loan at time of my ch 13, now I was discharged, but when I go to Studen Load home Page says (Your loan(s) have been transferred to the Department of Education's Debt Collection Service (DCS) due to delinquency. For additional information contact DCS at (800) 621-3115) my question is if I have to pay the remain balance? because chapter 13 plan make some payment to the loan and the balance was decreasing by month. My Credit Report Show: Box 1 Condition: Derogatory Balance: $0 Pay Status: Collection/Chargeoff Past Due: $0 Payment: $50 Remarks: Collection Account Placed for collection Reported: 09/30/2004 Box 2 Condition: Derogatory Balance: $0 Pay Status: Wage Earner Plan Past Due: $0 Payment: $945 Remarks: Chapter 13; wage earner plan account Reported: 08/31/2008 lrprn 10-12-2008, 07:21 PM I have a Student Loan at time of my ch 13, now I was discharged, but when I go to Studen Load home Page says (Your loan(s) have been transferred to the Department of Education's Debt Collection Service (DCS) due to delinquency.) my question is if I have to pay the remain balance? because chapter 13 plan make some payment to the loan and the balance was decreasing by month. Your credit report is not the place to get accurate information about your student loans. Also it's not unusual for student loan lenders (even govt ones) to shift your account over to third party companies while your Ch 13 was active. Now that your Ch 13 is done (CONGRATULATIONS!!!!), contact the lender directly. Ask for an accounting in writing for your loan since your Ch 13 filing showing all account activity month by month. That's how you can find out exactly where the lender says you stand now. If you disagree, then dispute their accounting using your own financial records. Now that your Ch 13 is over, the lender expects you to start making full payments again immediately. When was your Ch 13 discharged? Have you made payments since then? (And by the way, please note that the minimum payment they request typically covers the interest only every month. Paying this loan off as quickly as possible should be a goal for your post-13 financial budget.