07-04-2007 11:13 AM
07-04-2007 11:43 AM
jillian2778 wrote:I have a question about how to remove a student loan reporting off my credit report. I have loans that first reported in 1998 and they are still showing on all three credit reports and are bringing my score down. I thought it could only report seven years and then they would fall off. I have disputed with all agencies, but they will not remove them. Since they reported, they have been sent to another lender and have been paid on time. I want the information removed so my scores will improve. My scores are currently 607 TU 607 Experian and 542 Equifax. I feel that if these negatives are removed my scores could improve significantly.
07-04-2007 11:51 AM
07-04-2007 12:04 PM
jillian2778 wrote:It first reported in 1998 and went 120 past due pretty quickly. It actually went into default in 2002, but I took it out of default and that is when it was transferred to another lender. It has actually been reported nine times between all the different stages, but now it has been consolidated and is being paid on time.
07-04-2007 12:32 PM
Happy 4th of July! Sorry for raining on your parade. GW letters often work but not with SLs. I have never heard of a successful GW letter for lates or etc. I know it stinks!
jillian2778 wrote:It first reported in 1998 and went 120 past due pretty quickly. It actually went into default in 2002, but I took it out of default and that is when it was transferred to another lender. It has actually been reported nine times between all the different stages, but now it has been consolidated and is being paid on time.Well then it seems like you need to send the original lender a GW asking them to remove the account from your credit report. Because techincally they can report the account for 7 years from the DOFD so that's 7 years from whatever month in 2002, ie. 2009 sometimeNow when you say it was reported 9 times, I'm still a little confused, reported 9 times by whom? Sorry to keep asking questions, I'm just trying to get a clear picture. But first things first, you have to send a GW to the original lender.
07-04-2007 12:37 PM
07-04-2007 12:46 PM
trinigal wrote:Oh, you're not raining at all. The way I see it, she's got nothing to lose. It may not work, but hey! It's worth a shot! At least to me.But yes I should have mentioned that SLs especially Fed SLs are very tough to get deletions on.
07-04-2007 02:18 PM
Tuscani wrote:Forget about GW for student loans. You are stuck with any baddie if they are valid. The Higher Education Act requires that all student loans report for the full seven years.
07-04-2007 02:19 PM
Yep.. A student loan late is the only type of baddie I have never been able to help someone get removed.
Forget about GW for student loans. You are stuck with any baddie if they are valid. The Higher Education Act requires that all student loans report for the full seven years.
Well, see now that sucks!
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