Questions about CA reports of a PAID defaulted SL

[sonicanatidae]

I have 2 defaulted SLs on my Reports. 4 lovely entries (2 from OC, 2 from CA).

 

ECMC has been reporting the collections accounts with the following errors (imo, errors).

I'm wanting to know if Student Loan CAs are handled differently than all other CAs.

 

1. They are reporting the account as an OPEN account, when it was PAID/Closed 2+ years ago.

2. They are reporting it as a factoring/installment account when it is not.

3. They are reporting 30,60,90 and 120 lates on a non-installment account.

4. They are listing terms as 1 Month on a non-installment account.

 

I know I'm stuck with these entries for another few years and I can live with that.

What I cant live with is them insisting on reporting with what I consider to be errors.

 

With "normal" Collections Accounts, all of the above would be FCRA 623 violations, I'm

simply not sure if Student Loan Collections Accounts are handled differently.

 

thoughts?

 

 

As far as approaches, I intend to send a 2nd letter to ECMC CMRRR and when they

refuse (thats what these scumbags do), I'll have a 2nd papertrail. After that, I'm

sending copies of all of it to the MN AG, BBB and FTC.

 

No resolution after that and I'm disputing with the CRA to have it removed entirely.

If ECMC verifies, then I have yet another violation.

Edited November 13, 2009 by sonicanatidae

[Saria]

Yes, these would be treated differently. ECMC is not a CA. They're your guarantor, and your account with them technically is an installment account. The only inaccuracy I'm seeing is that they're reporting it as open.

[sonicanatidae]

I'm going to post the verbatim entries for a pair of these from my recent hardcopy EQ Report.

 

Both pairs of entries, the $1000 SL pair and the $2500 SL pair are identical, with 2 exceptions.

 

a: CHASE's Date Opened: changes to 1990 from 1992 since it was actually initiated in 1990.

b: Change the $$$ amounts in both entries from $2500 to $1000, to match the actual amount of the 2nd loan.

 

The entries are alike in every other respect.

 

If anyone can explain to me who's who in this and why this is listed as it is,

I would greatly appreciate it.

 

 

================================================================================

===========

 

CHASE Entry for this debt

 

Entry Header:

Chase Student Loan Serv, LLC - 6510 Old Canton Rd..........

 

Account Number:

XXXXXXX* (X=1st 7 of my social)

 

Date Opened:

04/1992 (Yes.. 17 years ago...lol)

 

High Credit:

1000.00

 

Credit Limit:

blank

 

Terms Duration:

blank

 

Terms Frequency:

monthly

 

Months Revd:

26

 

Activity Desc:

blank

 

Creditor classification:

blank

 

Items As of Date Reported:

12/2008 (I CRA disputed as a duplicate in dec/08, verified obviously)

 

Balance Account:

$0

 

Amount Past Due:

blank

 

Date of Last Payment:

01/2006 (Completely inaccurate. I made zero payments to Chase or any other SL debt in 2006. none, nada..zip)

 

Actual Payment Amount:

blank

 

Scheduled Payment Amount:

$11

 

Date of 1st Deliq:

05/2006 (Completely inaccurate. I never so much as made arrangements or even spoke to any SL OC/CA/Alien)

 

Date of Last Activity:

05/2006 (Completely inaccurate. See previous comment.)

 

Date of Maj. Deliq 1st Rptd:

07/2007

 

Charge Off Amount:

blank

 

Deferred Pay Start Date:

blank

 

Balloon Pay Amount:

blank

 

Date Closed:

blank

 

Current Status - Collection Account; Type of Account - Installment; Type of Loan - Education; Whose Account - Individual Account;

ADDITIONAL INFORMATION: Paid Collection; Student Loan;

 

 

 

================================================================================

===========

 

 

ECMC Entry for the same debt

 

 

 

Header:

ECMC 1 Imation pl.................

 

Account Number:

COMMERCIA-XXXXXXX* (X=1st 7 of my social)

 

Date Opened:

03/2007

 

High Credit:

$1000.00

 

Credit Limit:

blank

 

Terms Duration:

blank

 

Terms Frequency:

blank

 

Months Revd:

8

 

Activity Desc:

blank

 

Creditor classification:

Educational

 

Items As of Date Reported:

2/2008 (I've NOT disputed this tradeline line at all yet. This was payoff date.)

 

Balance Account:

$0

 

Amount Past Due:

blank

 

Date of Last Payment:

02/2008 (Accurate payoff date)

 

Actual Payment Amount:

blank

 

Scheduled Payment Amount:

blank

 

Date of 1st Deliq:

03/2007

 

Date of Last Activity:

blank

 

Date of Maj. Deliq 1st Rptd:

06/2007

 

Charge Off Amount:

blank

 

Deferred Pay Start Date:

blank

 

Balloon Pay Amount:

blank

 

Date Closed:

blank

 

Current Status - Collection Account; Type of Account - Open; Type of Loan - Education Loan; Whose Account - Individual Account;

ADDITIONAL INFORMATION: Paid Collection; Student Loan;

 

Account History With Status Codes:

12/2007 - G, 11/2007 - G, 10/2007 - G, 09/2007 - G, 08/2007 - G, 07/2007 - G, 06/2007 - G.

Edited November 19, 2009 by sonicanatidae