Removing SL TLs

[Niteraven]

NYST HGHR ED

 

Account Name: NYST HGHR ED

Account Number: XXXXXXXXX

Account Type: Installment account

Type of Business: Government

Terms: Not reported

Account Status: Open

Monthly Payment: $0

Date Open: May, 1997

Balance: $0

Balance Date: Apr 1, 1999

High Balance: $4,500

Credit Limit/Orig. Amt. $4,500

Past Due: $0

Remarks: Debt being paid through insurance

Payment Status: Unrated or bankruptcy

 

 

SM SERVICING

 

Account Name: SM SERVICING

Account Number: XXXXXXX

Account Type: Installment account

Type of Business: Banks and S&Ls

Terms: Monthly

Account Status: Open

Monthly Payment: $24

Date Open: Oct, 1996

Balance: $0

Balance Date: Sep 1, 1997

High Balance: $2,000

Credit Limit/Orig. Amt. $2,000

Past Due: $0

Remarks: Transferred to another lender

Payment Status: Unrated or bankruptcy

 

 

SM SERVICING

 

Account Name: SM SERVICING

Account Number: XXXXXX

Account Type: Installment account

Type of Business: Banks and S&Ls

Terms: Monthly

Account Status: Open

Monthly Payment: $25

Date Open: Oct, 1996

Balance: $0

Balance Date: Sep 1, 1997

High Balance: $2,500

Credit Limit/Orig. Amt. $2,500

Past Due: $0

Remarks: Transferred to another lender

Payment Status: Unrated or bankruptcy

 

Hi

Have a few questions re: above TLs... First these are from schooling in 1992-94.. Worked after graduation and was permanently disabled as of 5/96.. Applied for and received forgiveness of loans shortly after..

Questions... These TLs are currently on CR Can they be removed? Obsolete?

Since they have been forgiven can they ever be reinstated? I would like to possibly take an online course Will that effect anything?

Thanks for all your help...

[Niteraven]

bump

 

Would really appreciate an opinion/input from one of the mods.

Thanks

[TxQuiltGirl]

You can try; I don't think they're hurting you though. The only way to find out is to dispute them.

 

The clue to my thinking they're not hurting you is that if they were considered a negative TL, they should have dropped off in 2004. If you do manage to get them off your CR, you may experience a score drop due to loss of age.

[Niteraven]

TxQuiltGirl

Thank you for responding. So you think I should leave them then? I just don't like the referrence to bankruptcy which is totally false.... and the fact it says paid by insurance on one

[TxQuiltGirl]

TxQuiltGirl

Thank you for responding. So you think I should leave them then? I just don't like the referrence to bankruptcy which is totally false.... and the fact it says paid by insurance on one

 

 

What it actually says is "unrated or bankruptcy" ... it doesn't say it was IIB. These TLs probably don't figure prominently into your FICO scores. Like I said, you can give it a try; what the outcome will be is anybody's guess, really.

[Niteraven]

TxQuiltGirl

Once again thank you for your response. I really appreciate it. I guess its a catch 22 as to whether or not to try to have them removed. I just didnt like that info being on the CR. I also wasnt clear on whether or not they were hurting me. Your answers have cleared that up. Again thanks...