Student Loans CANCELLED

[cosmo102]

Need help and quick- tuition was due on Monday the 15th, and I not notice I was canceled on Thurs... not good to me be.

 

Here is the situation:

 

I am getting an MS degree from UTexas, total tuition for the one year program is $46K (i know it is steep).

 

Guaranteed Federal Loans covered me $36K, which left me with $9040 to pay in loans (I paid a cash deposit, which accounts for the difference).

 

After some investigation, here is what they said, and I will elaborate on my credit history shortly following.

 

There are 3 adverse accounts on my CR (actually more, but only 3 they are looking at). I have big problems because the DLA is different than the DMDFR, and in some cases, not reported at all. My lender is looking at accounts in the last 5 years- but DLA is CLEARLY OUT OF THE 5 YEAR TIME PERIOD.

 

Additionally, I just received an email from my Lender saying of the three accounts in question, two stem from the same original creditor the Citibank Personal Loan and the Collection agency collecting it- SO IT IS THE SAME DEBT REPORTING TWICE!

 

1) Capital One ( charge off amount $5616)

Date of Last Payment : 6/2002

Date of Last Activity : 6/2002

Date Maj Del. 1st Reported: 10/2003

Item as of Date Reported : 7/2006

Date Estimated to be Removed : 5/2009

 

 

2) Midland Credit Mgmt Inc ( in collections for $743)

THIS COMPANY BOUGHT A LOAN FROM CITIBANK I HAD

Date of Last Payment: NOT REPORTED

Date of Last Activity : NOT REPORTED

Date Maj Del. 1st Reported: NOT REPORTED

Item as of Date Reported : NOT REPORTED

Date Estimated to be Removed : 12/2010

Date Updated : 8/2008

Date Placed For Collection : 9/2007

 

#2 above is in reference to the following account

 

Citibank Installment Loan Account

Date of Last Payment: 4/2004

Date of Last Activity : 4/2004

Date Maj Del. 1st Reported: 8/2004

Item as of Date Reported : 7/2006

Date Estimated to be Removed : 7/2009

HERE ARE MY QUESTIONS USING THE ABOVE INFORMATION:

1) What is the timeline for reporting a Date of Major Delinquency? Clearly in issue 1, they original creditior didnt report the date in a timly fashion, 16 months after the DLA.

 

2) How do the original creditor to show the Date of Major Delinquency to show as the DLA?

 

3) Can a collection agency report to your CR?

 

4) How do I prove to my lender that items 2 & 3 are the same issue?

 

ANY SUGGESTIONS ARE MUCH APPRECIATED.

 

Thank you!

[GrandWorks]

the answer to number 3 is a yes.