I noticed on my daily TC pull that My EQ FAKO had dropped, so I start checking accounts and at first glance everything looks ok. I start clicking the "More about this account" linky and when I get to my SL, I see EQ has added the comment "Arrangement made with credit grantor to make partial payments."
Just to be sure, I go to Score Watch and buy a report. Sure enough, my score had plummetted from 706 to 640. I go to the Understanding You Score section and it says:
1. You have a serious delinquency (60 days past due or greater) or a derogatory description on your credit report (this must be referring to the new comment that was added).
2. You have balances on accounts that are past due. Total balances on all of your accounts that are past due $6915 (this is the balance on my SL).
3. You recently missed a payment (I haven't missed any payments on any account).
To make it even more confusing, when I go to the Negative Information section on my EQ, it says I have no negative accounts, collections or public records. Also, the status on the TL says Pays as Agreed and the 81 month pmt history is clean, as it should be. My SL is not only current, it is paid up through July, and I have made no arrangements to make less than the full scheduled payments.
I'm hoping this is some sort of a glitch on EQ, but I won't know until it updates on the other 2 reports. If it's something in the way Sallie Mae is reporting and it updates the same way on the other 2 reports, I'm in for some serious ratejacking and possible account closures.
What can I do here?