Rebuilding Your Credit

[SamsungHDTV]

I had a student loan with WF. It got assigned to the Texas Guaranteed Student Loans (TGSL for short). The debt had been garnished and is now PIF. 

TGSL is reporting:

Status: Creditor cannot locate individual

But they have located me, garnished my wages, even have my current contact information. Can I have them remove the TL on this basis alone? Any suggestions?

Should I dispute with the 3 CRAs saying inaccurate information? Send TGSL a letter? File a complaint somewhere?

[RobertEG]

I would NOT start with the CRAs.  I would not want a dispute flag posted to my CR over a special comment.

I would send a direct dispute to the party who reported the information to the CRAs, disputing the accuracy of that special comment for the reasons you provided.

Better than a letter, as it compels an investigation and response on their part within 30 days.

It also requires them to respond directly to you, and will most likely avoid a dispute flag, as it bypasses the CRAs.

It avoids having to file three disputes, as the outcome of the dispute requires them to report the results to each CRA.

[SamsungHDTV]

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RobertEG wrote:

I would NOT start with the CRAs.  I would not want a dispute flag posted to my CR over a special comment.

I would send a direct dispute to the party who reported the information to the CRAs, disputing the accuracy of that special comment for the reasons you provided.

Better than a letter, as it compels an investigation and response on their part within 30 days.

It also requires them to respond directly to you, and will most likely avoid a dispute flag, as it bypasses the CRAs.

It avoids having to file three disputes, as the outcome of the dispute requires them to report the results to each CRA.

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thanks ill try disputing with party.

[Tryingtomakeitright]

Not trying to thread jack or anything but I have a question. Mainly for Robert. I keep seeing people say that the disputing and red flags are bad, which I learned the hard way - hence the score drop. My question is what actually happens when you dispute and what causes the possible score drops? Why are the flags bad (lol)? Should I say what harm do they cause? Is there a thread that I can read that will explain this?

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RobertEG wrote:

I would NOT start with the CRAs.  I would not want a dispute flag posted to my CR over a special comment.

I would send a direct dispute to the party who reported the information to the CRAs, disputing the accuracy of that special comment for the reasons you provided.

Better than a letter, as it compels an investigation and response on their part within 30 days.

It also requires them to respond directly to you, and will most likely avoid a dispute flag, as it bypasses the CRAs.

It avoids having to file three disputes, as the outcome of the dispute requires them to report the results to each CRA.

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