I had a Student Loan that I defaulted on in 4/99.
It's paid. So that's not the issue.
TU and EQ are no longer reporting it as it has been seven years.
EX isn't reporting the original loan any longer.
HOWEVER it's being listed TWICE as it went to different organizations before it got to TG. And when I sent off a verificiation they changed the reporting dates. So I did it again, and they changed them AGAIN!!!
WTH?????
Do I have any options at all to get the <censored> creditors to report this thing correctly? Do they have any idea what accurate record keeping means?
One enraged Walnut
Full Version: Do I have any options?
small bump for Lynn or TxQuilt
QUOTE(lil_walnut @ Mar 20 2006, 02:22 PM) 
I had a Student Loan that I defaulted on in 4/99.
You defaulted on it in 1999 or you stopped paying in 1999? Unfortunately, with SLs, that's not the same thing. It's not defaulted until it gets transferred to the guarantor and THAT'S when the 7 years starts. Even if it was that the loan was transferred to the guarantor in April of 1999, you'd still have another 7 months of reporting (although sometimes you can get deletion with an obsolete letter a little sooner than that, but that's less likely with SLs). It's 7 years and 6 months from the default.
It's paid. So that's not the issue.
TU and EQ are no longer reporting it as it has been seven years.
EX isn't reporting the original loan any longer.
HOWEVER it's being listed TWICE as it went to different organizations before it got to TG. And when I sent off a verificiation they changed the reporting dates. So I did it again, and they changed them AGAIN!!!
They changed the reporting dates or the "date of status"? Date of status is just the last time it got updated; it doesn't have anything to do with how long it stays on your report. SLs do sometimes get sent (although not really "transferred" like other debts) to more than one CA before it goes to the guarantor.
WTH?????
Do I have any options at all to get the <censored> creditors to report this thing correctly? Do they have any idea what accurate record keeping means?
One enraged Walnut
You defaulted on it in 1999 or you stopped paying in 1999? Unfortunately, with SLs, that's not the same thing. It's not defaulted until it gets transferred to the guarantor and THAT'S when the 7 years starts. Even if it was that the loan was transferred to the guarantor in April of 1999, you'd still have another 7 months of reporting (although sometimes you can get deletion with an obsolete letter a little sooner than that, but that's less likely with SLs). It's 7 years and 6 months from the default.
It's paid. So that's not the issue.
TU and EQ are no longer reporting it as it has been seven years.
EX isn't reporting the original loan any longer.
HOWEVER it's being listed TWICE as it went to different organizations before it got to TG. And when I sent off a verificiation they changed the reporting dates. So I did it again, and they changed them AGAIN!!!
They changed the reporting dates or the "date of status"? Date of status is just the last time it got updated; it doesn't have anything to do with how long it stays on your report. SLs do sometimes get sent (although not really "transferred" like other debts) to more than one CA before it goes to the guarantor.
WTH?????
Do I have any options at all to get the <censored> creditors to report this thing correctly? Do they have any idea what accurate record keeping means?
One enraged Walnut
Could you post how it's reporting now and what the issues with it are (removing any personal info, obviously!!)? That might help get to the bottom of this.
Good luck!!
I defaulted on the loan in April, 1999. The seven years was up in March of this year. It was paid via Garnishment, so that didn't reset the dates.
This is current and as of 1 month ago. I'll have to look through my PDF files at home to get how it was listing back in December...but it was totally different.
Listing #1
As its reporting now:
SALLIE MAE 3RD PTY LSC
Account Number: XXXXXXXXXXXXX
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 12/1/1996
Balance:
Terms: Unknown
High Balance: $,$$$$.$$
Limit:
Past Due:
Payment Status: Account transferred to another office
Comments: Account closed due to transfer or refinance
Jan 00 - 120
Feb 00 - 120
Mar 00 - 120
Apr 00 - OK
May 00 - OK
As of 1 month ago (when I disputed obsolete)
Account Name: SALLIE MAE 3RD PTY LSC
Account Number: XXXXXXXXXXXXX
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 12/1/1996
Balance: $0.00
Terms: Unknown
High Balance: $,$$$$.$$
Limit:
Past Due: $0.00
Payment Status: Account transferred to another office
Comments: Account closed due to transfer or refinance
Dec 99 - 120
Jan 00 - 120
Feb 00 - ND
Mar 00 - OK
Same Loan, different office, listing #2
STUDENT LOAN MKT ASSN
Account Number: XXXXXXXXXXXXX
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 12/1/1996
Balance:
Terms: Unknown
High Balance: $,$$$$.$$
Limit:
Past Due:
Payment Status: Account transferred to another office
Comments: Transferred to another lender or claim purchased
Apr 99 - OK
May 99 - OK
Jun 99 - OK
Jul 99 - OK
Aug 99 - 120
Sep 99 - 120
Oct 99 - 120
Nov 99 - 120
Dec 99 - 120
Jan 00 - OK
Account Name: STUDENT LOAN MKT ASSN
Account Number: 454816686XXXX
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 12/1/1996
Balance: $0.00
Terms: Unknown
High Balance: $2,775.00
Limit:
Past Due: $0.00
Payment Status: Account transferred to another office
Comments: Account closed due to transfer or refinance
Jan 99 - OK
Feb 99 - OK
Mar 99 - OK
Mar 99 - OK
Apr 99 - OK
May 99 - OK
Jun 99 - OK
Jul 99 - OK
Aug 99 - OK
Sep 99 - 120
Oct 99 - 120
Nov 99 - 120
Dec 99 - OK
This is current and as of 1 month ago. I'll have to look through my PDF files at home to get how it was listing back in December...but it was totally different.
Listing #1
As its reporting now:
SALLIE MAE 3RD PTY LSC
Account Number: XXXXXXXXXXXXX
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 12/1/1996
Balance:
Terms: Unknown
High Balance: $,$$$$.$$
Limit:
Past Due:
Payment Status: Account transferred to another office
Comments: Account closed due to transfer or refinance
Jan 00 - 120
Feb 00 - 120
Mar 00 - 120
Apr 00 - OK
May 00 - OK
As of 1 month ago (when I disputed obsolete)
Account Name: SALLIE MAE 3RD PTY LSC
Account Number: XXXXXXXXXXXXX
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 12/1/1996
Balance: $0.00
Terms: Unknown
High Balance: $,$$$$.$$
Limit:
Past Due: $0.00
Payment Status: Account transferred to another office
Comments: Account closed due to transfer or refinance
Dec 99 - 120
Jan 00 - 120
Feb 00 - ND
Mar 00 - OK
Same Loan, different office, listing #2
STUDENT LOAN MKT ASSN
Account Number: XXXXXXXXXXXXX
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 12/1/1996
Balance:
Terms: Unknown
High Balance: $,$$$$.$$
Limit:
Past Due:
Payment Status: Account transferred to another office
Comments: Transferred to another lender or claim purchased
Apr 99 - OK
May 99 - OK
Jun 99 - OK
Jul 99 - OK
Aug 99 - 120
Sep 99 - 120
Oct 99 - 120
Nov 99 - 120
Dec 99 - 120
Jan 00 - OK
Account Name: STUDENT LOAN MKT ASSN
Account Number: 454816686XXXX
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 12/1/1996
Balance: $0.00
Terms: Unknown
High Balance: $2,775.00
Limit:
Past Due: $0.00
Payment Status: Account transferred to another office
Comments: Account closed due to transfer or refinance
Jan 99 - OK
Feb 99 - OK
Mar 99 - OK
Mar 99 - OK
Apr 99 - OK
May 99 - OK
Jun 99 - OK
Jul 99 - OK
Aug 99 - OK
Sep 99 - 120
Oct 99 - 120
Nov 99 - 120
Dec 99 - OK
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