What does "unrated or bankruptcy" mean in current status section of CR?

[Anonymous]

I have several student loans listed as BANKRUPTCY OR UNRATED in "current status" section of TU report. I have never filed for bankruptcy. They are all very old...back to early 1990 and have long since been consolidated/purchased by another lender. Is this negatively effecting my credit score? BTW, they were never in bad standing or late. History on them was great. Should I GW the lenders listed on TU? Message Edited by fn2bfit on 01-28-2008 10:16 PM

Message Edited by fn2bfit on 01-28-2008 10:16 PM

[Anonymous]

bump

[Anonymous]

This might help.
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=70736#M70736

[Anonymous]

See replies from Tuscani and fused in this thread:

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&message.id=12815

ETA:  This is just the wording TU uses when they don't know the status.  I am very confident it does not hurt your score.  DFiancee has almost 20 accounts with this description on TU (all consolidated SLs), and her TU FICO is about 775.

Message Edited by cheddar on 01-28-2008 10:35 PM

[Anonymous]

Thanks everyone!

[haulingthescoreup]

It doesn't hurt your score, but it's possible that it would be questioned on a manual review. The good news is that TU shows consolidated SL's this way a lot, so many lenders are probably familiar with it. If it's questioned, I would just point out its status on the other two reports.