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Heres a copy/paste of my "accounts". It is reporting my original lender (Wells Fargo), the Guarantee Agency (ISAC), shows $0 balance but also shows as a 'derog account' 120+ days late.
I've tried searching the forum and found similar issues but no resolution. Is there anyway I can clean this up? Accounts were paid May 2012.
I appreciate any help
Dan
Accounts
Company Account number Date opened Balance Status Negative Indicator? [?]
Cap 1 | 3/2013 | $0 | Pays account as agreed | No | ||
ISAC | 9/2008 | $0 | 120+ days past due | |||
ISAC | 9/2008 | $0 | 120+ days past due | |||
Wells Fargo | XXXXXXXXXXXX0002 | 9/2004 | $0 | 120+ days past due | ||
Wells Fargo | XXXXXXXXXXXX0001 | 9/2004 | $0 | 120+ days past due | ||
HSBC | 12/2006 | $0 | Pays account as agreed | No |
This thread would be better under the student loan forum. Probably get more answers there.
You normally don't see the lender on your credit reports unless these are private student loans and WF used the guarantor ISAC. It is less common for private SL to have a guarantor, but not unheard of. Since these loans are PIF with $0 balances, the only course of action you have is to GW both ISAC and WF asking for the account to either be removed completely or have the late payments removed with pays as agreed reported as the status.
I would ask ISAC to remove completely and ask WF to remove lates and update as paid as agreed. Good luck. I have no idea how obliging these two entities are.
Who is ISAC? ARe they federal?
If so, then the normal 7 year exclusion period may not even apply.....