I have a student loan that I'm paying back through the Dept of Ed. It's showing up on my credit report with TransUnion twice; one listed as derogatory and the other listed as pays as agreed. I was confused about this so I called Transunion, they told me that they can report for each semester that I complete. Here's the problem; I'm not in school! Transunion/or Dept of Ed has this listed as open as of 2001. I went to college in 1988. So, I disputed this with Transunion. This is the only derogatory/collection item with TransUnion. Here are my questions.
1) Should I also dispute this with the other 2 bureaus, even though they only have it listed once and "pays as agree/never late" ?
2) what are the chances that they will remove this from my credit report since the original loan dates back to 1988?
3) do I want this removed since I'm in good standing with my student loan and it helps increase my credit score?
4) Can they re-age something when the loan is transfered to another company?
However, I was in default for a very long time, made payments periodically since the loan was originally opened but have been making payments every month since 2000. I have 12 more payments to go YIPPEE!!
BTW - maybe I was lucky BUT 3 items on my credit report that I had already paid to the collection agency have been deleted from my credit report. Disputed after payment. Didn't know I could do that, but read on Yahoo answers that someone else did it, tried it and waalaa!
TransUnion 720
Equifax 689
Experian 671
Full Version: TransUnion & Dept of Ed
QUOTE(kimellis722 @ Apr 11 2007, 10:14 AM) 
I have a student loan that I'm paying back through the Dept of Ed. It's showing up on my credit report with TransUnion twice; one listed as derogatory and the other listed as pays as agreed. I was confused about this so I called Transunion, they told me that they can report for each semester that I complete.
They were trying to explain to you that each disbursement is a new tradeline (since there is usually 1 disbursement for each semester). Has nothing to do with your specific issue.
Here's the problem; I'm not in school! Transunion/or Dept of Ed has this listed as open as of 2001. I went to college in 1988. So, I disputed this with Transunion. This is the only derogatory/collection item with TransUnion. Here are my questions.
1) Should I also dispute this with the other 2 bureaus, even though they only have it listed once and "pays as agree/never late" ? No.
2) what are the chances that they will remove this from my credit report since the original loan dates back to 1988? When you took out the original loan is not an issue.
3) do I want this removed since I'm in good standing with my student loan and it helps increase my credit score?
You don't want a positive tradeline removed LOL
4) Can they re-age something when the loan is transfered to another company?
The following can each start a new 7 year cycle: guarantor payment of default claim, defaulted loan being assigned to ED collections, rehab of defaulted loan.
However, I was in default for a very long time, made payments periodically since the loan was originally opened but have been making payments every month since 2000. I have 12 more payments to go YIPPEE!!
How did you get the loan out of default? Rehab, consolidate?
BTW - maybe I was lucky BUT 3 items on my credit report that I had already paid to the collection agency have been deleted from my credit report. Disputed after payment. Didn't know I could do that, but read on Yahoo answers that someone else did it, tried it and waalaa!
TransUnion 720
Equifax 689
Experian 671
They were trying to explain to you that each disbursement is a new tradeline (since there is usually 1 disbursement for each semester). Has nothing to do with your specific issue.
Here's the problem; I'm not in school! Transunion/or Dept of Ed has this listed as open as of 2001. I went to college in 1988. So, I disputed this with Transunion. This is the only derogatory/collection item with TransUnion. Here are my questions.
1) Should I also dispute this with the other 2 bureaus, even though they only have it listed once and "pays as agree/never late" ? No.
2) what are the chances that they will remove this from my credit report since the original loan dates back to 1988? When you took out the original loan is not an issue.
3) do I want this removed since I'm in good standing with my student loan and it helps increase my credit score?
You don't want a positive tradeline removed LOL
4) Can they re-age something when the loan is transfered to another company?
The following can each start a new 7 year cycle: guarantor payment of default claim, defaulted loan being assigned to ED collections, rehab of defaulted loan.
However, I was in default for a very long time, made payments periodically since the loan was originally opened but have been making payments every month since 2000. I have 12 more payments to go YIPPEE!!
How did you get the loan out of default? Rehab, consolidate?
BTW - maybe I was lucky BUT 3 items on my credit report that I had already paid to the collection agency have been deleted from my credit report. Disputed after payment. Didn't know I could do that, but read on Yahoo answers that someone else did it, tried it and waalaa!
TransUnion 720
Equifax 689
Experian 671
Thanks. I did the Rehab program for 12 months. I
I have a student loan that I'm paying back through the Dept of Ed. It's showing up on my credit report with TransUnion twice; one listed as derogatory and the other listed as pays as agreed. I was confused about this so I called Transunion, they told me that they can report for each semester that I complete.
They were trying to explain to you that each disbursement is a new tradeline (since there is usually 1 disbursement for each semester). Has nothing to do with your specific issue.
Here's the problem; I'm not in school! Transunion/or Dept of Ed has this listed as open as of 2001. I went to college in 1988. So, I disputed this with Transunion. This is the only derogatory/collection item with TransUnion. Here are my questions.
1) Should I also dispute this with the other 2 bureaus, even though they only have it listed once and "pays as agree/never late" ? No.
2) what are the chances that they will remove this from my credit report since the original loan dates back to 1988? When you took out the original loan is not an issue.
3) do I want this removed since I'm in good standing with my student loan and it helps increase my credit score?
You don't want a positive tradeline removed LOL
4) Can they re-age something when the loan is transfered to another company?
The following can each start a new 7 year cycle: guarantor payment of default claim, defaulted loan being assigned to ED collections, rehab of defaulted loan.
However, I was in default for a very long time, made payments periodically since the loan was originally opened but have been making payments every month since 2000. I have 12 more payments to go YIPPEE!!
How did you get the loan out of default? Rehab, consolidate?
BTW - maybe I was lucky BUT 3 items on my credit report that I had already paid to the collection agency have been deleted from my credit report. Disputed after payment. Didn't know I could do that, but read on Yahoo answers that someone else did it, tried it and waalaa!
TransUnion 720
Equifax 689
Experian 671
QUOTE(Cynic @ Apr 11 2007, 12:29 PM)
QUOTE(kimellis722 @ Apr 11 2007, 10:14 AM)
I have a student loan that I'm paying back through the Dept of Ed. It's showing up on my credit report with TransUnion twice; one listed as derogatory and the other listed as pays as agreed. I was confused about this so I called Transunion, they told me that they can report for each semester that I complete.
They were trying to explain to you that each disbursement is a new tradeline (since there is usually 1 disbursement for each semester). Has nothing to do with your specific issue.
Here's the problem; I'm not in school! Transunion/or Dept of Ed has this listed as open as of 2001. I went to college in 1988. So, I disputed this with Transunion. This is the only derogatory/collection item with TransUnion. Here are my questions.
1) Should I also dispute this with the other 2 bureaus, even though they only have it listed once and "pays as agree/never late" ? No.
2) what are the chances that they will remove this from my credit report since the original loan dates back to 1988? When you took out the original loan is not an issue.
3) do I want this removed since I'm in good standing with my student loan and it helps increase my credit score?
You don't want a positive tradeline removed LOL
4) Can they re-age something when the loan is transfered to another company?
The following can each start a new 7 year cycle: guarantor payment of default claim, defaulted loan being assigned to ED collections, rehab of defaulted loan.
However, I was in default for a very long time, made payments periodically since the loan was originally opened but have been making payments every month since 2000. I have 12 more payments to go YIPPEE!!
How did you get the loan out of default? Rehab, consolidate?
BTW - maybe I was lucky BUT 3 items on my credit report that I had already paid to the collection agency have been deleted from my credit report. Disputed after payment. Didn't know I could do that, but read on Yahoo answers that someone else did it, tried it and waalaa!
TransUnion 720
Equifax 689
Experian 671
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