I have two stafford loans from 2005 that were originally held by Wells Fargo. I hit the 180 day delinquent mark in June 2008 (according to my CR) and it was assigned to Tx Guaranteed Student Loans. From them, I consolidated with Direct Loans along with some other stafford loans I had with another company, never late on Direct Loans. I never paid Tx Guaranteed anything b/c it literally went through their office to Direct Loans. Once I received notification from them that Wells Fargo assigned the loans to them, I was already going through the consolidation process.
Question - both Wells Fargo and Tx Guaranteed are reporting negatively on my CR for the same loans. Is there anything I can do about this? Are they not both Original Creditors? The reportings are the same on all three CR's. Any thoughts or suggestions would be appreciated.
p.s. I tried to snapshot my CR to show, but I can't figure out how to put it in my post...if that would help and you can tell me how to do that I will.
Thanks guys.
Student Loan Default Double Posting?
Started by
underaware
, Jul 16 2012 11:17 AM
3 replies to this topic
#1
Posted 16 July 2012 - 11:17 AM
#2
Posted 17 July 2012 - 01:04 PM
bumpity
#3
Posted 17 July 2012 - 10:00 PM
SL's are often only reported to 1 or 2 CRA's and the others pick up the data thru data sharing.
You can try to dispute the old negative TL to see if that will remove the double posting.
In your dispute letter, let the CRA know they are one and the same.
You can try to dispute the old negative TL to see if that will remove the double posting.
In your dispute letter, let the CRA know they are one and the same.
#4
Posted 24 July 2012 - 11:03 AM
SL's are often only reported to 1 or 2 CRA's and the others pick up the data thru data sharing.
You can try to dispute the old negative TL to see if that will remove the double posting.
In your dispute letter, let the CRA know they are one and the same.
I figure it's worth a shot. Thanks ~
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