Hi all,
I am new to the boards and desperately trying to raise my credit score, currently 554. I'm hoping to buy a house in another year or two. A little credit/personal history on me: for a long time, I didn't make much money (less than $20k/yr) and consequently didn't have money to pay my debts, so lots of things went into collections, among them, my student loans. Hence the low score.
In June of this year, I completed a student loan rehabilitation program, and according to the DOE, I am current on my loans, and consolidating the two loans I have into one so that I can get into the income based repayment (IBR) plan. Everything was going well, and then I ran across this today in my credit report:
DOFD for the first two are 12/9/2005
| Derogatory | | |
| $49,384 | | |
| Educational | | |
Pay Status| Collection/Chargeoff |
| Derogatory | | |
| $67,497 | | |
| Educational | | |
Pay Status| Collection/Chargeoff |
| Closed | | |
| $56,041 | | |
| Educational | | |
Pay Status| Current |
| Closed | | |
| $41,002 | | |
| Educational | | |
Pay Status| Current |
I'm thinking the bottom two are the two loans that are current and being consolidated, but I'm thoroughly confused because I don't understand why the same two loans are showing up twice, and TU is saying that my current debt load is approx $220k instead of the $97k that it actually is (yes, I know that's exorbitant, and it's a long story for another post LOL). Now what do I do? Those derogs won't come off my report for another 2 1/2 years, but they are showing that the total amount I owe is twice what I actually do owe! Help! Do I dispute? Do I call the DOE? Do I write TU and/or other CRA's, and if so, what do I say?????
Thanks for your help in advance!
Sincerely,
Erin
EQ 702
