I have the same question regarding my student loans that went into collections. The collection accounts were eventually paid (via consolidated loan).
Here is one entry from the OC. If I'm understanding correctly, my DOFD should be Sept or Oct 2006?? Does this mean that the related CA on my report has the same DOFD? Also, since I live NYS, will the paid collection account come off after 5 years from the DOFD? Sorry to hijack, I'm just confused by this.
Student Loan Account
Sallie Mae
| Status as of Jan, 2008 |
| Date opened Aug, 2000 |
| Date of last activity Oct, 2005 |
| Date closed Jan, 2008 |
| Account number XXXXXXXXXXX |
| Loan type Student Loan |
| Largest past balance $2,625 |
| Account Type Installment Account |
| Account holder Individual Account |
| Scheduled Payment Amount $0 |
| Industry Banks |
Descriptions [?]
- Debt being paid through insurance
Contact Information [?]Po Box 9500
Wilkes Barre, PA 18773
Wilkes Barre, PA 18773
Balance [?] Current Status [?]
Seven year payment history [?]30 days late60 days late90+ days late
Recent payment history [?]1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 122006 2007
| $0 | Paid or paying as agreed |
| 0 times |
| 0 times |
| 11 times (Nov 2007, Oct 2007, Sep 2007, Aug 2007, Jul 2007, Jun 2007, May 2007, Apr 2007, Mar 2007, Feb 2007, Jan 2007) |
 | | | | | | | | | |  | |  |  | | | | | | | | | | |
| Legend: |  Unknown |  Currently paid as agreed |
 90 days late | ||
 120 days late |
It's hard to make sense of this because it seems like the info being reported is missing/inconsistent/conflicting. To make matters worse, i had approx 4 loans per year for 3 years which means I have over 24 negative accounts reporting right now.
Unfortunately, I cant pull from annualcreditreports until next year and I dont have the last set I pulled. I have reports directly from EX and TU but they only provide the info I originally posted (or less). Here's the same TL as reported on EQ (directly from them):
SALLIE MAE LSCF (OC)
Account Number: XXXXXXXXXXXX
Status: PAYS AS AGREED
Account Owner: Individual Account.
High Credit: $2,625
Date Opened: 08/2000
Balance: $0
Date Reported: 11/2010
Amount Past Due:
Date of Last Payment: 10/2005
Actual Payment Amount: $0
Scheduled Payment Amount: $0
Date of Last Activity: 12/2007
Date Major Delinquency First Reported: this is blank
Months Reviewed: 26
Creditor Classification:
Activity Designator: Transfer/Sold
Charge Off Amount:
Date Closed: 01/2008 T
ype of Loan: Education Loan
Date of First Delinquency: N/A
Comments: Balance paid or being paid by insurance company
81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 * * * * * * * * * *
2009 * * * * * * * * * * * *
2008 * * * * * * * * * * * *
2007 90 120 120 120 120 120 180 180 180 180 180 *
2006 90 90 120 120 120 120 120 120 120 * * *
2005 * * * * * * * * * * * *
2004 * * * * * * * * * * *
This is how the collection for this acct shows up:
USA FUNDS (CA)
Account Number: XXXXXXXXXXX
Status: COLLECTION ACCOUNT
Account Owner: Individual Account.
High Credit: $3,383
Date Opened: N/A
Balance: $0
Date Reported: 08/2009
Amount Past Due:
Date of Last Payment: 07/2008 This is when the loan was paid thru consolidation
Actual Payment Amount:
Scheduled Payment Amount:
Date of Last Activity: N/A
Date Major Delinquency First Reported: 02/2008
Months Reviewed: 6
Charge Off Amount:
Date Closed:
Type of Loan: Education Loan
Date of First Delinquency: 11/2006
Comments: Collection account
81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 * * * * * * *
2008 * CA CA CA CA CA * * * * * *
2007 * * * * * * * * * * * *
2006 * * * * * * * * * * * *
2005 * * * * * * * * * * * *
2004 * * * * * * * * * * * *
2003 * * * * * * * * * * * *
2002 * *
snowangel wrote: Student Loan Account/ Sallie Mae
Status as of Jan, 2008 Date opened Aug, 2000 Date of last activity Oct, 2005 Date closed Jan, 2008 Account number XXXXXXXXXXX Loan type Student Loan Largest past balance $2,625 Account Type Installment Account Account holder Individual Account Scheduled Payment Amount $0 Industry Banks Descriptions [?]
- Debt being paid through insurance
Contact Information [?]Po Box 9500
Wilkes Barre, PA 18773Balance [?] Current Status [?]Seven year payment history [?]30 days late60 days late90+ days late
$0 Paid or paying as agreed Recent payment history [?]1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 122006 2007
0 times 0 times 11 times (Nov 2007, Oct 2007, Sep 2007, Aug 2007, Jul 2007, Jun 2007, May 2007, Apr 2007, Mar 2007, Feb 2007, Jan 2007)
Legend:
This is the way I see it reporting, I maybe wrong, Idk.
By looking at Recent pyt history Jan/2006--Dec/2007, The last box would be Dec2007,it states the account was current.
I believe that's why there's no DoFD. Also the account was closed the next month Jan08.
When did the insurance company pay on this account? Did they also PIF?
If the insurance co did not bring the account to a current status on 12/07, then it's reporting incorrectly.
Thanks for taking a look. The conflicting info makes it hard to figure out. If it falls of Nov '11 then I'll save myself the hassle of GWs. It's unlikely that I they would work anyway.
The 5 years is for a paid collection account. I saw this in a post on here a few days ago. I think anything else is 7 years.