http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1606908#M66446 <p>A difference btween the twe screenshots it that the second one says refinacned. Sounds like the loan was tranasferred somewhere lease.  The first one is goverment claim which is not a paid as agreed. If it was paid as agreed there would no need for the claim. The account is reported correctly Let it fall off or pay the amount owed back</p> Tue, 25 Sep 2012 01:46:22 GMT AndySoCal 2012-09-25T01:46:22Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605586#M66432 <p>So, I applied for a Discover Card, and was denied due to a (<em>Closed as reported by the CRAs</em>) student loan that to them shows current status states: <em>120 Days Past Due.</em></p><p> </p><p><font size="1"><em>I have another closed account, that had a few lates, but still shows pays as agreed when it closed...</em></font></p><p> </p><p>Well, according to the payment history, that isn't accurate, I assume, because it's being paid by the government(insured)</p><p> </p><p>Is this reporting accurately or can I dispute this? Anyway to fix this before 2014, when it falls off?</p><p> </p><p><img height="500" width="800" src="http://imageshack.us/a/img833/4692/sallie.jpg" border="0"></p> Mon, 24 Sep 2012 12:30:06 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605586#M66432 XxRaVeNxX 2012-09-24T12:30:06Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605706#M66433 Hopefully a mod will move this to the Undertanding FICO scoring as you'll get a better answer there.<br><br>I'm not certain on this but it looks like it was closed with the 180 day late reporting, pretty much like a credit card delinquency being charged off. I don't know that this is accurately reporting, but I don't think it will matter for scoring purposes. Mon, 24 Sep 2012 15:24:19 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605706#M66433 Revelate 2012-09-24T15:24:19Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605710#M66434 <p><em><font size="1">My bad, hopefully this is moved to the rebuilding your credit forum</font></em></p><p> </p><p>Yea..Not really concerned for scoring purposes..Just approval/underwriting purposes..</p> Mon, 24 Sep 2012 15:28:18 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605710#M66434 XxRaVeNxX 2012-09-24T15:28:18Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605714#M66435 <p>Just because it is government backed does not mean you will have good payment history if you miss a payment. I don't see anything wrong with it. In fact is that 180 days late?</p> Mon, 24 Sep 2012 15:34:08 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605714#M66435 trumpet-205 2012-09-24T15:34:08Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605718#M66436 <p>But, they've received payments since Feb 2009...</p><p> </p><p>See, I'm basing this on another account that is closed, had lates, but states pays as agreed...</p><p> </p><p><img border="0" src="http://imageshack.us/a/img694/6052/studentloan.jpg"></p> Mon, 24 Sep 2012 15:42:21 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605718#M66436 XxRaVeNxX 2012-09-24T15:42:21Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605724#M66437 <p>Think of it as cosigner. Should I default, lender will go after my cosigner, but will still report me late because I didn't fulfill my obligation to repay the debt.</p><p> </p><p>I am not sure how government insured loan works, but I believe government only steps in and foot the bill when it is charged off?</p> Mon, 24 Sep 2012 15:50:04 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605724#M66437 trumpet-205 2012-09-24T15:50:04Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605726#M66438 <p>Both pics are from student Loans...the first one is Sallie Mae, the second one is Nelnet...</p> Mon, 24 Sep 2012 15:50:53 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1605726#M66438 XxRaVeNxX 2012-09-24T15:50:53Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1606908#M66446 <p>A difference btween the twe screenshots it that the second one says refinacned. Sounds like the loan was tranasferred somewhere lease.  The first one is goverment claim which is not a paid as agreed. If it was paid as agreed there would no need for the claim. The account is reported correctly Let it fall off or pay the amount owed back</p> Tue, 25 Sep 2012 01:46:22 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closed-Account-Reporting-Correctly-Possible-to-Dispute/m-p/1606908#M66446 AndySoCal 2012-09-25T01:46:22Z