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Sub: #1 Negotiate with CA on tuition owed
Replied on 08-23-2011, 12:35 PM
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I owed my school the full tuition ($2400) + late fees ($500) of fall semester and because I did not pay, my account was sent to a CA. Can I negotiate the late fees with the CA and agree to pay just the tuition. Also will the CA remove the negative from the credit report after I pay the tuition in full? Please any info would help.

Sub: #2
Replied on 08-23-2011, 06:49 PM
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You can always negotiate with the CA so that they forgive the late fees that you have incurred. However, it will remain the discretion of the CA whether or not they will forgive the late fees.

As far as removing the negative mark from your credit report is concerned, you should go for a pay for delete agreement with the CA before paying them. This may make it binding on the CA to remove the negative item from your credit report once you pay off your school loans in full.




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Sub: #3
Replied on 08-23-2011, 07:01 PM
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Pay for delete will not happen.

Tuition accounts are subject to collection fees. The school may or may not choose to wave them, particularly if you are looking at re-enrolling or are after your transcripts. Public schools (state schools) can be tougher because of budget cuts.

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Sub: #4
Replied on 08-23-2011, 07:46 PM
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Even if you pay off the tution in full, the negative item will not be removed from your credit report. It will remain on your credit report for 7 years. The account status will only be updated as "Paid in Full".




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