Need help ASAP! No sure what to do?

[boygirlbabies]

Here's the senario. I have 2 private loans (joint with my dad) that are listed on my account like this:

 

CORESTATES (Joint Account)

Credit Grantor Contact Information

Not on record

 

Account Number XXXXX

Account Type Revolving Account

Credit Limit

(High Credit) $20,000

$20,127

Minimum Monthly Payment (Terms) $5

MIN

Date Opened September, 1993

Date of Last Activity June, 1998

Date Paid Out Not on Record

Date Closed May, 1998

Loan Type Student Loan

Collateral

Description Canceled by credit grantor

Last Report on July, 1998

 

Balance Current status Past Due Amount

$17,261 Paid or paying as agreed $0

 

 

Recent Payment History

 

Seven Year Payment History

30 days late: 0 60 days late: 0 90+ days late: 0

 

 

 

CORESTATES (Joint Account)

Credit Grantor Contact Information

Not on record

 

Account Number 3XXXX

Account Type Revolving Account

Credit Limit

(High Credit) $4,000

$6,191

Minimum Monthly Payment (Terms) $1

MIN

Date Opened September, 1993

Date of Last Activity June, 1998

Date Paid Out Not on Record

Date Closed August, 1996

Loan Type Student Loan

Collateral

Description Account closed by consumer

 

 

Last Report on July, 1998

Balance Current status Past Due Amount

$2,418 Paid or paying as agreed $0

 

 

 

Recent Payment History

 

Seven Year Payment History

30 days late: 0 60 days late: 0 90+ days late: 0

 

 

The smaller loan has been paid off but as you can see the balance is not correct. The larger account only has a small amount left on the loan, but is listing at almost $18,000. I am not sure if I should dispute these accounts this since I know for a fact that there was a garnishment and collection agency involved. Also, has the SOL run out?

 

If I dispute, I do not want old collection information listed on my CR. However, I do not want my DTI to be out of wack since this is almonst $20,000! Also, Corestates has since been bought by another bank.

 

WHAT SHOULD I DO?

 

Thanks!