Neltnet/EFS

[claymca]

I have a simple question. Can a student loan show up on a credit report under two different lenders.

 

I have been battling with EFS (Nelnet) for about 3 years now. Three accounts under EFS show 60 days late. These 60 days late are from July 2001. These same three accounts show up from Nelnet as well with no lates. These accounts have the same high balance and the same opened date.

 

Can the same account be reported by two different companies even if one company was purchased by another? If not what are the steps or getting the old account removed? A sample letter or a nudge in the right direction is all that is needed. Thanks.

[claymca]

Can a student loan account report from two lenders? I have three student loans from EFS showing 60 days late in July 2001. THe same accounts are reporting from Nelnet with no days late. That accounts have the same opened date. On my credit report it looks as if I have six accounts when it should only be three.

 

Is there a solution?

[Cynic]

Yes they can be reported. History from EFS before the transfer to Nelnet will remain until it ages off.

[LynnInMN]

Can a student loan account report from two lenders? I have three student loans from EFS showing 60 days late in July 2001. THe same accounts are reporting from Nelnet with no days late. That accounts have the same opened date. On my credit report it looks as if I have six accounts when it should only be three.

 

Is there a solution?

 

EFS is probably showing a zero balance, right??

[claymca]

Can a student loan account report from two lenders? I have three student loans from EFS showing 60 days late in July 2001. THe same accounts are reporting from Nelnet with no days late. That accounts have the same opened date. On my credit report it looks as if I have six accounts when it should only be three.

 

Is there a solution?

 

EFS is probably showing a zero balance, right??

 

 

No the Balance on the EFS shows N/A.

Status: Transferred/Closed Current was past due 60 days, Deferred payment date unknown

 

Creditor statement: closed due to transfer.

 

The problem with the history of the accounts is the Nelnet shows date opened of 4/1995 and EFS shows the same date. They are reporting the accounts with the same history accept for the days late. It looks like six different accounts when it should only be 3 different accounts.

[skinglist]

The problem with the history of the accounts is the Nelnet shows date opened of 4/1995 and EFS shows the same date. They are reporting the accounts with the same history accept for the days late. It looks like six different accounts when it should only be 3 different accounts.

 

Seems to be something that happens with Nelnet/EFS as mine are reporting same date/history as well

http://creditboards.com/forums/index.php?showtopic=259462

[TxQuiltGirl]

If the entire history is showing under the Nelnet TL, then it should not be reporting under the EFS TL. The only reason the EFS TL should still be reporting is if the NelNet picks up at the time that the EFS leaves off.

 

Have you tried disputing the EFS TL with the CRA?

[claymca]

If the entire history is showing under the Nelnet TL, then it should not be reporting under the EFS TL. The only reason the EFS TL should still be reporting is if the NelNet picks up at the time that the EFS leaves off.

 

Have you tried disputing the EFS TL with the CRA?

 

 

I have disputed with the CRA and all that happened was the "Creditor statement: closed due to transfer." was added. I have even spoken with Nelnet and they don't seem to understand the problem. The Nelnet accounts does not pickup where the efs accounts leads off it shows almost the same information.

 

Is there something in the FCRA that states an account can not be reported twice.

[TxQuiltGirl]

The EFS account wasn't in default; this was the natural change that happened when Nelnet bought EFS right?

 

I have seen instances where a person with this problem would have to print out the offending information from the CRA and send it to the creditor to have it rectified. If the information is the same, and the transfer was due strictly to the sale of EFS, this could be considered "poisoning" your report.

[claymca]

The EFS account wasn't in default; this was the natural change that happened when Nelnet bought EFS right?

 

I have seen instances where a person with this problem would have to print out the offending information from the CRA and send it to the creditor to have it rectified. If the information is the same, and the transfer was due strictly to the sale of EFS, this could be considered "poisoning" your report.

 

 

 

That is correct the loans were not in default it was a natural change. I have sent the offending information twice now and can not get them to correct it. What is my next step?

[TxQuiltGirl]

The EFS account wasn't in default; this was the natural change that happened when Nelnet bought EFS right?

 

I have seen instances where a person with this problem would have to print out the offending information from the CRA and send it to the creditor to have it rectified. If the information is the same, and the transfer was due strictly to the sale of EFS, this could be considered "poisoning" your report.

 

 

 

That is correct the loans were not in default it was a natural change. I have sent the offending information twice now and can not get them to correct it. What is my next step?

 

 

You are just going to have to hound the CRAs and OC. Good luck.