gc services and the board of education

Linda,

I do agree that it is quite difficult to rescue 20 years old records from the debris of time. Who did you pay it? Did you pay to your school? Chances are Department of Education did not get the loan back from your school as you have mentioned the school was closed some years back.

If this is the case, then the same thing can happen with some other persons too. Try to get in touch with your school mates and see if they are suffering from this type of problem. Then you would be sure that it was a mistake by your school and you can face the problem united.

Another thing, have you spoken to Department of Education by your own? Or GC Services has told you about the wage garnishment and all that. Then I would suggest you contacting Department of Education first and confirm the status of your account.

Please keep us updated in this matter. Feel free to share your problems in this forum.

Thank you for your reply. Yes I have been in contact with the board of education. They did not mention anything about wage garnishment. But they tell me since I have no proof of payment I hav to repay a loan I already paid off. Any other advice while I wait for the promisorry note.
Linda

Linda,

This is very sad that they ask to repay the debt that is already paid off. Anyway, could you remember when you paid the loan in full did it appear in your credit report or not?

Now I'm not sure if it is possible for you to collect an older credit report, however you can make contact with CRA.

would the statue of limitations not set in with this

SOL does not apply for federal student loans. You are legally obliged to pay it for the rest of your life.

However, federal student loans are forgiven under certain circumstances. But it is tough to qualify.

Thanks, Bryan, I was un aware of that and I have a step daughter who has student loans that she is paying right now and I will be sure to tell her to continue paying.

You are welcome dawnie :D

FYI???SOL does apply to private student loans, however private student loan issuers and collectors do not admit this fact usually.

It is always wise to continue with student loan repayment as student loans are somehow different from conventional loans. Hope this helps.

I had a $5000 student loan and had paid back $8500 (3500 interest), even though half of that $5000 was supposed to be returned to me, but was not refunded by the school after I withdrew.
Now I am being harrassed by GC services who say that I owe over $14,000 in additional interest.
I am self employed, and own my home. I have nothing listed on my credit report and never have.

WTF is up with this?
Is GC some kind of post Y2k scam outfit.
Or did I borrow money from the mob?

just 1 more possible option....please contact 1-800-4fedaid and track down just exactly who is holding this loan and making these claims. I found 1 compnay that had owned my loan and they never even contacted me....and, I did so using this number. So if it was a DOE funded loan....you should be able to track it down through this phone#. I also always recomend the naca. Here is a direct link to their data base of Attorneys around the country who offer free consultations and they specailize in student loans. http://www.consumeradvocates.org/ I hope this helps a little. Good Luck and please keep us informed.