Can anyone explain what happened here?!

3 years ago

Sun Mar 06, 2022 8:33 pm

LaHossBoss

Outlier

LaHossBoss has been gardening for over 2 years.

Level33 Last INQThursday, December 9, 2021 Gardening For2 years, 9 months, 7 days, 12 hours, and 58 minutes Next Level in22 days, 11 hours, and 2 minutes on October 9th INQ 1yr onFriday, December 9, 2022 INQ 1yr reached1 year, 9 months, 7 days, 12 hours, and 58 minutes ago INQ 2yr onSaturday, December 9, 2023 INQ 2yr reached9 months, 7 days, 12 hours, and 58 minutes ago

Cassie wrote: ↑Sun Mar 06, 2022 8:28 pm
LaHossBoss wrote: ↑Sat Mar 05, 2022 7:24 pm I am so confused at these reductions in our balances. They are not noted anywhere in any statements and I have never received any notices online or via email/mail, the balances have just dropped!
Are you saying the balances get reduced on the credit report but not on the account statements from Navient? I wonder if it has something to do with this: Navient is forgiving the student debt of 66,000 borrowers. How to know if you’re one of them I mean, even if none of that applies to you specifically, maybe there's an error somewhere in their update code. [EDIT: I noticed that Navient reached a settlement recently with around 39 states. "Navient denies...." = SKETCHY. lol ]

What I am saying is it does not show anywhere a credit. It just shows a lower balance on the current statement than the prior statement. This was the same with NMSL for both me and SO a few months ago (when I originally made this post). No payment or credit reflected, just a much lower balance for each loan. Some towards interest and some towards principle for all loans. The Navient forgiveness does not apply to me. I originally thought it may have been adjustments from doing rehab, because they remove the default fees, like collections fees, and some other stuff, but these *were* reflected as credits on stataments and within the online accounts right after the loans were transferred. There is no reflection of any adjustments on the statements or in the online accounts, like that, just lowered balances for the interest and principle and overall.

3 years ago

Sun Mar 06, 2022 8:45 pm

Cassie

DeveloperLoves long talks on the beach

Cassie has been gardening for over 2 years.

Level55 Last INQFriday, February 14, 2020 Gardening For4 years, 7 months, 2 days, 12 hours, and 58 minutes Next Level in27 days, 11 hours, and 2 minutes on October 14th INQ 1yr onSunday, February 14, 2021 INQ 1yr reached3 years, 7 months, 2 days, 12 hours, and 58 minutes ago INQ 2yr onMonday, February 14, 2022 INQ 2yr reached2 years, 7 months, 2 days, 12 hours, and 58 minutes ago

LaHossBoss wrote: ↑Sun Mar 06, 2022 8:33 pm
Cassie wrote: ↑Sun Mar 06, 2022 8:28 pm
LaHossBoss wrote: ↑Sat Mar 05, 2022 7:24 pm I am so confused at these reductions in our balances. They are not noted anywhere in any statements and I have never received any notices online or via email/mail, the balances have just dropped!
Are you saying the balances get reduced on the credit report but not on the account statements from Navient? I wonder if it has something to do with this: Navient is forgiving the student debt of 66,000 borrowers. How to know if you’re one of them I mean, even if none of that applies to you specifically, maybe there's an error somewhere in their update code. [EDIT: I noticed that Navient reached a settlement recently with around 39 states. "Navient denies...." = SKETCHY. lol ]
What I am saying is it does not show anywhere a credit. It just shows a lower balance on the current statement than the prior statement. This was the same with NMSL for both me and SO a few months ago (when I originally made this post). No payment or credit reflected, just a much lower balance for each loan. Some towards interest and some towards principle for all loans.

Oh ok....the lower balance shows up but not the reason why. I would think this would also be happening to a lot of people on Reddit, since their demographic skews more toward recent college graduates. Look through this search and see if anything comes up? https://www.google.com/search?q=site%3A ... %2Bnavient

3 years ago

Sun Mar 06, 2022 8:46 pm

LaHossBoss

Outlier

LaHossBoss has been gardening for over 2 years.

Level33 Last INQThursday, December 9, 2021 Gardening For2 years, 9 months, 7 days, 12 hours, and 58 minutes Next Level in22 days, 11 hours, and 2 minutes on October 9th INQ 1yr onFriday, December 9, 2022 INQ 1yr reached1 year, 9 months, 7 days, 12 hours, and 58 minutes ago INQ 2yr onSaturday, December 9, 2023 INQ 2yr reached9 months, 7 days, 12 hours, and 58 minutes ago

Screenshot_20220306-204339_Navient Loans.jpg 228.21 KiB Viewed 254 times

You can see the original adjustment after the loans were transfered. This is not the same as the recent reduction. And you can see in activity it is not reflected in "account activity".

Screenshot_20220305-170423_Credit Karma.jpg 48.46 KiB Viewed 254 times

3 years ago

Sun Mar 06, 2022 9:01 pm

LaHossBoss

Outlier

LaHossBoss has been gardening for over 2 years.

Level33 Last INQThursday, December 9, 2021 Gardening For2 years, 9 months, 7 days, 12 hours, and 58 minutes Next Level in22 days, 11 hours, and 2 minutes on October 9th INQ 1yr onFriday, December 9, 2022 INQ 1yr reached1 year, 9 months, 7 days, 12 hours, and 58 minutes ago INQ 2yr onSaturday, December 9, 2023 INQ 2yr reached9 months, 7 days, 12 hours, and 58 minutes ago

@Cassie , I have done a lot of research through Reddit, and found nothing. The only cancelation, has generally been for the total amount of the loans, and for those that went to those sketchy colleges, that probably have always qualified for loan cancelation. It has also been for those that have total disability. They have been going through those on disability and canceling their SL debt. Nothing about random people getting a partial amount of their loans forgiven for no reason. And it isn't just Navient, it was also through my state, NM, at NMSL, who did it first for me and then shortly after for SO. Also, no reason they should have canceled part of his debt. And it is all over the place, the amounts. My NMSLs, as seen above, were lowered by over $10k and SO's NMSLs were slashed around $3k. This round with Navient for me was just over $4.5k. My 3rd and last set of SLs are still in default, but off my credit reports. Not sure what will happen to them. I will start rehab right before the payment pause is up, which there is rumor to be extended again. SO's payments have been on pause and his 2nd set of SLs are with Navient, but with no info. So, I am not sure how I can find out if he will get a random reduction on this set of SLs, except to wait and see on his CRs.

3 years ago

Sun Mar 06, 2022 9:14 pm

Cassie

DeveloperLoves long talks on the beach

Cassie has been gardening for over 2 years.

Level55 Last INQFriday, February 14, 2020 Gardening For4 years, 7 months, 2 days, 12 hours, and 58 minutes Next Level in27 days, 11 hours, and 2 minutes on October 14th INQ 1yr onSunday, February 14, 2021 INQ 1yr reached3 years, 7 months, 2 days, 12 hours, and 58 minutes ago INQ 2yr onMonday, February 14, 2022 INQ 2yr reached2 years, 7 months, 2 days, 12 hours, and 58 minutes ago

LaHossBoss wrote: ↑Sun Mar 06, 2022 9:01 pm @Cassie , I have done a lot of research through Reddit, and found nothing.

I thought you probably did that already, but I just wanted to make sure anyway!

I wouldn't want to call Navient and ask about it either. In fact, I'd probably be afraid to post about it on Reddit, thinking that Navient people might read it and hunt down my file and reverse it all. Yeah, this would bother me every single day that I didn't have a concrete answer.

3 years ago

Mon Mar 07, 2022 1:22 am

Birdman

Primer AuthorCo-Founder

Birdman has been gardening for over 2 years.

Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 14 days, 12 hours, and 58 minutes Next Level in15 days, 11 hours, and 2 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 14 days, 12 hours, and 58 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 14 days, 12 hours, and 58 minutes ago

I’m not saying there wasn’t a common thread, I just don’t know what it was. I’ve just read a couple reports here and there, it could’ve been because of disability or the school.

3 years ago

Mon Mar 07, 2022 10:46 am

LaHossBoss

Outlier

LaHossBoss has been gardening for over 2 years.

Level33 Last INQThursday, December 9, 2021 Gardening For2 years, 9 months, 7 days, 12 hours, and 58 minutes Next Level in22 days, 11 hours, and 2 minutes on October 9th INQ 1yr onFriday, December 9, 2022 INQ 1yr reached1 year, 9 months, 7 days, 12 hours, and 58 minutes ago INQ 2yr onSaturday, December 9, 2023 INQ 2yr reached9 months, 7 days, 12 hours, and 58 minutes ago

Cassie wrote: ↑Sun Mar 06, 2022 9:14 pm
LaHossBoss wrote: ↑Sun Mar 06, 2022 9:01 pm @Cassie , I have done a lot of research through Reddit, and found nothing.
I thought you probably did that already, but I just wanted to make sure anyway! I wouldn't want to call Navient and ask about it either. In fact, I'd probably be afraid to post about it on Reddit, thinking that Navient people might read it and hunt down my file and reverse it all. Yeah, this would bother me every single day that I didn't have a concrete answer.

@Cassie @Birdman Exactly! I do *not* want to draw any attention to myself. If they adjust it back, so be it, but I dont want to be the cause of it! Hopefully it just sticks!

3 years ago

Tue Mar 08, 2022 12:40 am

Birdman

Primer AuthorCo-Founder

Birdman has been gardening for over 2 years.

Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 14 days, 12 hours, and 58 minutes Next Level in15 days, 11 hours, and 2 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 14 days, 12 hours, and 58 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 14 days, 12 hours, and 58 minutes ago

I hope so too!