I purchased score watch, and started disputing items on my report. One of the items I disputed was a duplicate loan that was actually purchased by the government but it's still showing as an "open" account 120+ days past due under my Universities name. I contacted them and they sent me a letter stating the account was purchased by the government in 2005. FYI - I lost 18 points after it was verified (2 days after the dispute was made). That loan is currently in rehab and I was assured by the US dept of Education that it would be removed in December. QUESTION #1 - should I send this letter to EQ or just let it go?
QUESTION #2 - I recently lost 40 POINTS on my EQ because of this:
The following changes were reported for your DIRECT LOANS account:- Past Due Amount Changed from N/A to $0
Is there anything I can do to get these points back? I believe they updated this because I had a reduced payment (it may be counted as a deferment). I want to boost my score so starting in July I'll be paying the full amount. QUESTION #3 - Will they come back after they start reporting in July?
Background: Most of my college baddies dropped this year, so I pretty much went from bad credit to no credit. Luckily my oldest account is a Sallie Mae (11 years) loan that I paid off a couple years ago. Currently I have two positive accounts which is the Sallie Mae loan (paid) and I have a student loan for $17,000 (I was paying a reduced amount so I don't think payments were being reported). I have two negative collections accounts Perkins loan for $1,800 that's in rehab with the US Dept of Edu (it will be deleted in December), and a Afni account from 2002 that I settled last month for $595. Last night I was approved for a Secured BOA, and the Spiegels card.
HELP!
Message Edited by SecondChance23 on 06-29-2008 06:00 PM
Message Edited by SecondChance23 on 06-29-2008 06:01 PM
Starting Score: EQ FICO 588 EX FICO 587 TU FICO 588