I just got copy of DH credit report from exp and need help on trying to clean up reporting on student loans.

Here is how they appear:

Calif Student Aid
Closed
Date open: 8/1/03
Paid was collection insurance claim or government claim or was terminated for default

National Student Loan
closed
date opened: 11/1/03
Paid was collection insurance claim or government claim or was terminated for default

Nelnet LNS (2 entries exactly the same)
closed
date open : 8/1/00
Paid was collection insurance claim or government claim or was terminated for default

Nelnet LNS (2 entries exactly the same)
closed
date open : 6/1/01
Paid was collection insurance claim or government claim or was terminated for default

Sallie Mae
closed
date open: 1/1/02
account transferred to another office/transferred to another lender or claim purchased

Student Loan Mkt Assn
closed
date open: 10/1/98
account transferred to another office/transferred to another lender or claim purchased

XLS/CITEL (2 separate loans same info)
open
date open: 5/1/06
current was past due 90 days
payment history : 60 day lates : 5/07, 6/07,9/07,11/07,1/08,4/08,5/08
90 day lates:10/07,12/07,2/08,3/08
current: 6/08 - 10/08


Any tips/advise on how to get these updated/reporting positive or deleted.

Thanks

Just like Lynn and Cynic told you last year, you'll almost certainly not be able to remove these. http://creditboards.com/forums/index.php?s...=242803&hl=

Saria,

I'm in a similar situation, roughly. I read the thread you pointed to and I wanted to make
sure I understood correctly.

2 defaulted Student Loans. Opened in 1988, true DOFD of 1992 or so.
Both Paid in full to CA 02/2008.

Each one, currently reports twice. Once as OC, once as CA.

Both have updated to show the 02/2008 payoff.

All 4 entries are stuck there until 02/2015

If the above is an accurate summary, I have 1 additional question.


The CA shows a purchase date of 03/2007. They start listing +90 day
lates starting in 05/07 and listed +90 days late from 05/07 thru 02/2008.

The inaccuracy Im seeing is my wages were garnished starting
10/07 until I Paid the debt entirely in 02/08 with part of my tax returns.

I couldnt possibly have been late *during* a garnishment. While its
a small thing, couldnt I have the +90s reported from 10/07 thru 02/08
removed?

They are tough to remove... have you tried a dispute?

Your loan was in default and due in full and you never get credit for making payments whether voluntary or not. The lates are valid.

Like Lynn said, if you were in garnishment, you were in default. And if you were in default, you were--by definition--more than 90 days late. It looks like they're reporting accurately to me.

Had you rehabbed the loans, the TLs from the guarantor (what you're thinking of as a CA) would have been deleted and you'd only have the TLs from the lender. I mention that only for the benefit of others who might read this. Great job getting these under control, now just let time lessen the impact of the baddies.

ETA: The TLs from the lender should drop off 7 years from the date the claim was paid by the guarantor. So, depending on when you defaulted, hopefully that will be sooner than 2015.

I see now..

Thank you both very much for explaining the details.