Ouch!

[JinRI]

Hello been working on correcting my accouts with My Reports, On my reports there were lates that had the incorrect dates. I disputed the dates NOT the lates I WAS late so I knwo that CANT be changed. NOW I jsut got an alert from SCOREWATCH that 2 of my accounts had changed. I go in and see that there is a 39pt DROP. I look at the acocunts and Now they ahve the loan amoutn Incorrect. THey put my consolidated loans (different TL) as my loan amounts (about 10-20K difference) as the loan amoutns that were closed. Now am I amble to get this corrected I am waiting to see if this changes at all on my other reprots BUT this is crazy and I dont know if this is correct........Lynnn or ANYONE if you can help t would be appreciated......Again I never disputed that they were not LATE I know there were I just wanted the dates to be correct that I was late with the payments. Thank you in advance for any help you can give me...

[JinRI]

One mroe thing I forgot to add, THe TL now reads as Paid/Refinanced(*sp) which the loan is NOT paid OR refinanced, I logged into Nelnet today and the loans are still there jsut as they should be. SHould I contact NELNET OR Equifax...this is killing me

[JinRI]

well I jsut pulled my Daily TC report (tri merge) and my TU Cr is really BAD.....it now shows that there are 5 lates and my Loans showing closed which is wrong....I am logged into Nelnet right now and the accoutns are OPEN in Forbearance....All teh other accounts are fine...thee acocunts are changing rapidly and I ws not late on them is there anything I can do???should I call Nelnet to see what is going on???

[TxQuiltGirl]

I have no advice for you, but for others, THIS is the reason why I suggest NOT disputing lates. It can and usually does end up biting people in the backside.

[troublesinOH]

I disputed lates on about 6 of my 28 or so SL's that are all almost 7 year sold ( 5 fell of EX report last week) - the lates were reporting in Oct. of 2005 and they had all been paid off in 2004 so it was an obvious mistake. Anyway they all came back verified as PAID IN FULL 4-2004 and LATE IN OCTOBER of 2005 - Not only that but now I have Lates on every single SL I ever had for the month of Oct. 2005 - ALL PAID IN FULL 4-2004 - These are reporting from 3 different different companies. It is a total nightmare!!! And get this! As of today my SL Consolidation Loan of nearly $100,000 is all of a sudden reporting Transferred / Paid on my EQ report with $0 balance. It is the most BOTCHED system I have ever seen. Some days they report open with balances - some days they are closed - some days they report transferred and some months they are Late. My scores are ALL OVER THE PLACE on a daily basis!

[JinRI]

well I called Nelnet about this and they verified that they are reporting that ALL loand except for the ones that were actually alte are being reported correctly. They said to call CRAs and dispute, so I did so. If they come back verified (the ones that are incorrect) Iw ill call Nelnet again to verifiy that they were contacted.

The only thing is I NEVER disputed the loans with TU OR EQ at ALL...these were changed without dispute. EX on the other hand is where i disputed dates, and thsi was corrected in the correct manner dates WERE corrected. So I dont know where TU and EQ got this info from. TU even changed the loan form a different lender with out me disputing...its a mess right now but it WILL be corrected....

[JinRI]

I have no advice for you, but for others, THIS is the reason why I suggest NOT disputing lates. It can and usually does end up biting people in the backside.

TxQuiltGirl, you wouldnt even dipute the lates even if the dates within them is wrong??????? I didnt dispute as NOT MINE nor never late...they were late and I know this I dont dispute this at all I am willing to take the hit for the 2 accounts that were late.....The information I was looking to get verified ws the dates of when the actual delinquency happened only as they were being reported incorrectly, they were reporting 9/2000-11/2000 when I was in school full time and Nelnet was reporting this....If it was being reported incorrectly shouldnt we dispute as the SL company would "verify" this info.........

Edited February 11, 2006 by JinRI

[TxQuiltGirl]

I have no advice for you, but for others, THIS is the reason why I suggest NOT disputing lates. It can and usually does end up biting people in the backside.

TxQuiltGirl, you wouldnt even dipute the lates even if the dates within them is wrong??????? I didnt dispute as NOT MINE nor never late...they were late and I know this I dont dispute this at all I am willing to take the hit for the 2 accounts that were late.....The information I was looking to get verified ws the dates of when the actual delinquency happened only as they were being reported incorrectly, they were reporting 9/2000-11/2000 when I was in school full time and Nelnet was reporting this....If it was being reported incorrectly shouldnt we dispute as the SL company would "verify" this info.........

 

 

You disputed because the DATES of the lates were wrong. And look what that got you. A bigger mess. How did that help you?? And even if you didn't dispute with all three CRAs with the new electronic updating, they all are supposed to receive the same data.

 

You haven't really been around that long. You should read up on things like disputing lates and understand ALL the possible scenarios before you proceed. Because sometimes when you dispute things as insignificant as the DATE of a late on a loan, you can do yourself far more harm than good. Those lates from 2000 were having a minimal impact on your scores - and they would have fallen off next year. But instead of "leaving well enough alone" you disputed the date of the SL lates and now you've lost 39 points AND added a lot more negative info to your accounts. When you dispute something like the date of the late payment, it opens the entire TL up to scrutiny. Nine times out of ten, on a dispute like you filed, it comes back way worse than it was before it was disputed, which is why I always recommend against messing with something like you messed with.

 

Were I you, I'd leave it alone before it gets worse.

[JinRI]

THank You TX gues I should ahve left well enough alone and let them dissapear, But from what I hear they woundt have fallen since I consolidated them in 2005.......Oh well I do thank you for the help you ahve given it is appreciated.......I thnk I will just go into the cornor and hit myself with tha "paddle" of punishment for a little while.......

[TxQuiltGirl]

THank You TX gues I should ahve left well enough alone and let them dissapear, But from what I hear they woundt have fallen since I consolidated them in 2005.......Oh well I do thank you for the help you ahve given it is appreciated.......I thnk I will just go into the cornor and hit myself with tha "paddle" of punishment for a little while.......

 

 

 

The lates would have disappeared from the original loan after 7 years regardless. That's where you screwed up. I dunno where you got the incorrect idea that consolidating the loans reaged the lates, but it didn't.