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No, generally speaking it does not mean any lateness. Take a look at the terms of your promissory note (what you executed with your student loan provider to receive funds), and it should specify terms of default, and arrears. Usually "arrears" means extreme lateness. Unless you have been getting (or have gotten) letters/notifications from your provider that you are seriously overdue on loan payments, then likely you have never been in arrears. Hope that helps.seasidemama wrote:I am in the process of filling out the c&f section.
It asks if I was EVER in arrears on a student loan.. does arrears mean any lateness - or is it 30 or 90 days plus or some other standard?
sorry for the silly question...
Thanks for replying!3lephant wrote:No, generally speaking it does not mean any lateness. Take a look at the terms of your promissory note (what you executed with your student loan provider to receive funds), and it should specify terms of default, and arrears. Usually "arrears" means extreme lateness. Unless you have been getting (or have gotten) letters/notifications from your provider that you are seriously overdue on loan payments, then likely you have never been in arrears. Hope that helps.seasidemama wrote:I am in the process of filling out the c&f section.
It asks if I was EVER in arrears on a student loan.. does arrears mean any lateness - or is it 30 or 90 days plus or some other standard?
sorry for the silly question...
Why not just give your loan servicer a call and have them look through your payment history?seasidemama wrote:Thanks for replying!3lephant wrote:No, generally speaking it does not mean any lateness. Take a look at the terms of your promissory note (what you executed with your student loan provider to receive funds), and it should specify terms of default, and arrears. Usually "arrears" means extreme lateness. Unless you have been getting (or have gotten) letters/notifications from your provider that you are seriously overdue on loan payments, then likely you have never been in arrears. Hope that helps.seasidemama wrote:I am in the process of filling out the c&f section.
It asks if I was EVER in arrears on a student loan.. does arrears mean any lateness - or is it 30 or 90 days plus or some other standard?
sorry for the silly question...
Honestly, these loans are over ten years old and there was a period probably 7-8 years ago when I missed some payments... but got everything up to current and have never made a late pmt in at least 6 years at least... No way I have any of these records right now... was hoping not to have to dig..
3lephant wrote:Why not just give your loan servicer a call and have them look through your payment history?seasidemama wrote:Thanks for replying!3lephant wrote:No, generally speaking it does not mean any lateness. Take a look at the terms of your promissory note (what you executed with your student loan provider to receive funds), and it should specify terms of default, and arrears. Usually "arrears" means extreme lateness. Unless you have been getting (or have gotten) letters/notifications from your provider that you are seriously overdue on loan payments, then likely you have never been in arrears. Hope that helps.seasidemama wrote:I am in the process of filling out the c&f section.
It asks if I was EVER in arrears on a student loan.. does arrears mean any lateness - or is it 30 or 90 days plus or some other standard?
sorry for the silly question...
Honestly, these loans are over ten years old and there was a period probably 7-8 years ago when I missed some payments... but got everything up to current and have never made a late pmt in at least 6 years at least... No way I have any of these records right now... was hoping not to have to dig..