Grateful if someone can clarify whether I should dispute these items, and if so, what it should be saying instead. Thanks!!
Edited by mpc578, 15 November 2011 - 11:24 AM.
removed personal info
Closed, Account transferred/sold
Started by
starsailor85
, Oct 18 2011 06:50 PM
3 replies to this topic
#1
Posted 18 October 2011 - 06:50 PM
First let me introduce myself since I am new to these forums - and I am beginning to try and rebuild my credit responsibly. I took the first steps earlier this year by paying off all of my credit card debt (not very much), all of which had the accounts closed. Now I am trying to refine my credit reports by disputing any data I may feel is not completely accurate. One of these issues is related to my student loans. I had quite a few loans and lenders over the course of my time in school, and I recently consolidated all of them into one loan through the Dept of Education. These loans are shown to have $0 balance as reflected by the fact that the Dept of Ed paid them off through the consolidation, but I have 12 loans that, instead of saying "consolidated" or "paid in full" or something of that nature, say "closed, account transferred/sold". I understand that this occurs when lenders sell the accounts to one another, but is this going to reflect negatively on my report?? The only thing I can find in relation to "account transferred/sold" is for charge-offs, which I assume are bad and definitely do not apply to my loans.
Grateful if someone can clarify whether I should dispute these items, and if so, what it should be saying instead. Thanks!!
Grateful if someone can clarify whether I should dispute these items, and if so, what it should be saying instead. Thanks!!
#2
Posted 21 October 2011 - 06:34 AM
Has your credit score decreased or increased since the consolidation of your student loans?
#3
Posted 15 November 2011 - 10:42 AM
@Starsailer....how do you go about contacting the Dept. of Education?
Do you have a phone number or a link to provide?
I am in the same boat as you are...I am in student aid debt and I am trying to get it fixed also but there is one that is held by the government and I need some assistance, thanks.
Do you have a phone number or a link to provide?
I am in the same boat as you are...I am in student aid debt and I am trying to get it fixed also but there is one that is held by the government and I need some assistance, thanks.
#4
CTSoxFan
- Mod Squad
-
- 3,758 posts
Posted 15 November 2011 - 11:28 AM
Welcome to the boards. Just wanted to give you a quick heads up. You shouldn't post any type of personally identifying information in your profile like your name, etc. These are public information boards and you don't want to say anything that can be used against you in the future. I have removed it from your initial post.
Welcome again.
Welcome again.
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