I had TWO student loans with EFS. This is the way they are reporting. They have been sold to NelNet, and that is who I now pay. Should is still be saying "120+ past due", under the current status?? Do you have any suggestions on how I can get this off here, or whatever. I think it is really bringing my scores down.

Account Number XXX-XX-XXXX
Account Type Installment
Credit Limit $913
(High Credit)

Minimum Monthly Payment (Terms) $0

Date Opened August, 1993
Date of Last Activity September, 2001
Description Account transferred or sold
Student loan


Last Report on March, 2005
Balance Current status Past Due Amount
$0 120+ days past due

************

ALSO, there is a 3rd one reporting, from EFS, even though I have only had 2 loans with them. This third one is showing as a positive acct. on my reports, and it was listing my ssn/acct. number, so it isn't someone elses.

I don't know I should do with it.

Account Number XXX-XX-XXXX
Account Type Installment
Credit Limit
(High Credit)
$3,000
Minimum Monthly Payment (Terms) $50

Date Opened August, 1993
Date of Last Activity October, 1997
Description Paid account / zero balance


Last Report on February, 1999
Balance Current status Past Due Amount
$0 Too new to rate


I would appreciate any help or input anyone can give me on this. THANKS!!!

You say you had 2 loans - does that mean 2 disbursements? I know in my case, my loans reported a separate tradeline for each disbursement. So if I took out one loan to cover an entire school year, it showed as 2 tradelines because I got one disbursement for fall semester, one for spring semester. Perhaps this is the case with yours?

You could try looking in the NSLDS database to get exact details on your loans if they are federally backed. I think there's a link in the "Important Links" post at the top of this forum.

[quote=Cheech,Apr 21 2005, 10:05 PM]
You said there were two - that's only one above. Is the other one similar? Does it have a different amount that you owe? Yes, sometimes if the loan was late at the time it was sold, then it stays as currently 120+ days past due. I don't think that's right, but it does seem to be the trend. I'm not expert enough on the intricacies of CA reporting to tell you how to handle this.

Were you late at the time the loans were sold to NelNet in 2001? You could try disputing as never late. Do both loans show this way on all 3 bureaus?


Yes, the other one is reporting basically the same, but with a different amount. Everything else is the same though.

I tried disputing as never late on the EFS loans, and I do beleive I WAS never late. I believe I was always in deferment or forebearance with them, when I wasn't paying. I truly don't think I was late with them ever, so I wouldn't have been when they sold it to NelNet. I know I should know this info. a little better, but gees, it has been 10 years since I graduated college. I can't remember how they were disbursed or anything.

Thanks for your help!!