Does this look like my undergraduate loans were transferred three times?

[skinglist]

OK....Help, please?

 

They're all reporting (somewhat) correct and positively, I'm just trying to make heads or tails of them.

 

From what I remember the original loan was taken out with Marine Midland (now HSBC). Anyone know who Education Financial Services is?

 

I know I consolidated with Nelnet, but it seems they re-consolidated with Nelnet?

 

Like I said, I'm not too worried. The Nelnet balance is higher than reality but I think there is just a delay in reporting since it's deferred. If it matters, I was in school from 8/97 - 5/01.

 

If this is just undergrad, I can't imagine what my report is going to look like when all my grad loans start to report. Eek!

 

Thanks!

 

EDUCATION FIN SERVICE

 

Status: Transferred,closed/Never late.

 

Status Details: This account is scheduled to continue on record until Nov 2012.

 

 

Date Opened:

09/1997

 

Type: Installment

Reported Since: 10/2001

Terms: 120 Months

 

Date of Status: 11/2002

 

Monthly Payment:

$0

 

Last Reported:

11/2002

 

Responsibility:

Individual

 

 

 

Credit Limit/Original Amount:

$2,625

 

High Balance:

NA

 

Recent Balance:

NA

 

Recent Payment:

NA

 

Creditor's statement: Account closed due to transfer.

 

They go on to show a new one each August (coinciding with new school year). On second thought, is it possible that this is one part of my student loans--unsubsidized Staffords maybe? Otherwise if they were transferred from HSBC/Marine Midland, wouldn;t they show a different opening date?

Here's just one of the HSBC notations:

 

HSBC BANK USA NA

 

Status: Transferred,closed/Never late.

Status Details: This account is scheduled to continue on record until Sep 2011.

 

Date Opened:

09/1997

 

Type: Installment

Reported Since: 10/1997

Terms:

NA

 

Date of Status:

09/2001

 

 

Monthly Payment:

$0

 

Last Reported:

09/2001

 

Responsibility:

Individual

 

Credit Limit/Original Amount:

$2,625

 

High Balance:

NA

 

Recent Balance:

NA

 

Recent Payment:

NA

 

Creditor's statement: Account closed due to transfer.

 

There's also one for each August so that makes sense, but then Nelnet below is where I'm a little confused. It almost seems as if one of my undergrad loans was directly through Nelnet (see dates)?

NELNET LNS

 

Status: Paid,Closed/Never late.

 

Status Details: This account is scheduled to continue on record until Feb 2013.

Date Opened:

09/1997

 

 

Type: Installment

Reported Since:

12/2002 Terms: 120 Months

 

Date of Status:

02/2003

 

There's one of those for each August as well

 

I think this one is finally the consolidation???

NELNET LNS

 

Status: Open/Never late. Deferred, payments begin May 2008.

 

Date Opened:

01/2003

 

Type: Installment

Reported Since: 04/2003

Terms: 180 Months

 

Date of Status: 03/2007

 

Monthly Payment: $122

 

Last Reported: 03/2007

 

Responsibility: Individual

 

Credit Limit/Original Amount:

$16,046

 

High Balance:

NA

 

Recent Balance:

$12,775 as of 03/2007

 

Recent Payment:

$121

[Cynic]

Anyone know who Education Financial Services is?

 

 

It's now part of Nelnet.

[skinglist]

 

Anyone know who Education Financial Services is?

 

 

It's now part of Nelnet.

 

Thanks, Cynic.

So is the fact that there's an EFS and Nelnet loan for each August a duplicate? I know there were two each year - Unsub and Sub Stafford. From reading this, it seems as if there were three?

[skinglist]

 

Anyone know who Education Financial Services is?

 

 

It's now part of Nelnet.

 

Thanks, Cynic.

So is the fact that there's an EFS and Nelnet loan for each August a duplicate? I know there were two each year - Unsub and Sub Stafford. From reading this, it seems as if there were three?

 

*bump* on the second question

 

thanks!

[skinglist]

Another bump since I just pulled this of NSLDS:

 

Type of Loan Loan Amount Loan Date

STAFFORD SUBSIDIZED $4,250 05/14/2007

STAFFORD UNSUBSIDIZED $5,000 05/14/2007

FFEL PLUS GRADUATE $7,245 05/14/2007

FFEL PLUS GRADUATE $20,000 05/08/2007

STAFFORD SUBSIDIZED $8,500 07/12/2006

STAFFORD UNSUBSIDIZED $10,000 07/12/2006

FFEL CONSOLIDATED $16,047 01/28/2003

STAFFORD UNSUBSIDIZED $5,500 08/01/2000

STAFFORD UNSUBSIDIZED $5,500 08/20/1999

STAFFORD UNSUBSIDIZED $3,500 07/30/1998

STAFFORD UNSUBSIDIZED $2,625 07/23/1997

 

Definitely appears as if there's some duplication on the credit report, or am I reading it wrong? From the above I see: unsub Stafford each fall (makes sense), consolidated UG loans and then my grad school loans. That makes far more sense than the credit report.

 

Any info?

[Cynic]

Duplicate reporting of closed or transferred accounts that were never late? Who cares?

 

I'm not sure what the problem is.

[skinglist]

Duplicate reporting of closed or transferred accounts that were never late? Who cares?

 

I'm not sure what the problem is.

 

Not a problem at all, in fact as I said in the first post:

"They're all reporting (somewhat) correct and positively, I'm just trying to make heads or tails of them.

 

[sNIP FOR RELEVANCE]

Like I said, I'm not too worried. "

 

I was just curious as to the breakdown because it seemed that there were a lot.

 

If only they could report as cleanly as NSLDS.

 

Thanks for your help.