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Valued Member
Quinn1298
Posts: 35
Registered: ‎10-13-2011

Direct Loans BACK on credit Report

Well I noticed my score dropped by 5 points and I was entirely confused because I know I didn't do anything and all my cards have a 0 balance !!! Well All of my student loan accounts started reporting again and ALL of them are seperate and not consolidated like they told me they would be. So I have 5 seperate accounts reporting ... and to make matters worse I also still have the other Direct Loan accounts in the closed accounts section reporting $0 on my report still .... 

Valued Member
wamcon
Posts: 38
Registered: ‎06-18-2011

Re: Direct Loans BACK on credit Report

It may not help but you are not alone.  Only Equifax is showing it again for me and shows no history until 10/11 but goes back the 10 years but  still have the closed account showing balance zero.  Experian's site still shows the original Direct Loans with nothing reported after August 2011 and entire balance there.  Transunion shows it closed  balance zero - nothing about the new one.  So it's still messed up for me too.


Starting Score: 552 Nov 2010
Current Score: 681 Mar 20113
Goal Score: 720


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Regular Contributor
Scope27
Posts: 230
Registered: ‎08-30-2011

Re: Direct Loans BACK on credit Report

To the OP,  Were your loan consolidated before they started this transition? 


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