late student loan

Submitted by blueeyedthumper on Mon, 05/17/2010 - 04:41
Forums

i am an endorser on my granddaughters student loan. she didnt go to college for this semester. i just got a bill that we are two months behind. we never got a bill saying we needed to pay or anything like that. That was the only bill or anything we received from them? i havent checked yet to see if its on my credit report. beeing its a weekend i cant call them till monday. i am buying a home and now i am freeking out? i dont know if they will give me a loan with a late fee on it. my score is in the high 700.

Hi blueeyedthumper,

Try paying off the due immediately. Else, if this gets handed over to a collection agency, this will get listed on your credit report, and will damage your credit. However, remember to retain a return receipt of your payment.

Thanks,

Aaron

Mon, 05/17/2010 - 07:55 Permalink