Reply
New Contributor
Posts: 67
Registered: ‎02-02-2014
0

Re: FYI NO MORE DIRECT LOANS

Welp, technically some of the dates were reporting incorrectly. For instance how it is possible to be 120 late in May, and 90 late in June without making a payment and no late at all in April, lol? So it's their fault for reporting inaccurately. Sure it was late, but they didn't report with accuracy, so they lose. I win. 

 

The point is that Direct Loans is not checking and people should be able to have lates removed when the rules are not being enforced. Are we not to take advantage of opportunity? I'd say not to is naive. 


EX 701 - July 2014 - EQ 657 - TU 680 Sept 2014
Community Leader<br> Valued Contributor</br>
Community Leader
Valued Contributor
Posts: 1,150
Registered: ‎06-09-2008
0

Re: FYI NO MORE DIRECT LOANS


tomas247 wrote:

Welp, technically some of the dates were reporting incorrectly. For instance how it is possible to be 120 late in May, and 90 late in June without making a payment and no late at all in April, lol? So it's their fault for reporting inaccurately. Sure it was late, but they didn't report with accuracy, so they lose. I win. 

 

The point is that Direct Loans is not checking and people should be able to have lates removed when the rules are not being enforced. Are we not to take advantage of opportunity? I'd say not to is naive. 


Actually, the situation you describe is possible if a partial payment is made, a loan is about to be transferred to another lender, or some type of new payment agreement/deferment or forbearance is agreed on.  Your general rule of thumb, with credit reporting as with all things should be to tell the truth and act ethically.  If your dipuste to the CRA stated that you were never late, then you lied, and I don't think that is right, and as Lexie pointed out, it's also again the TOS for this site.

 

I totally understand that you want to improve your credit, and why, but I've never understood the attitude of "I've commited to not making any more mistakes, so I shouldn't have to deal with the consequences of my old ones anymore."

Established Member
Posts: 12
Registered: ‎07-22-2014
0

Re: FYI NO MORE DIRECT LOANS

Hello happy ppl!  This is my first post after months of lurking :smileyhappy:  I came upon this particular thread after inserting "Direct Loans" in the search box.  I want to attest to the fact that Direct Loans were wiped off of my CR after only dispute (via TU website).  I honestly did have issues with the way in which the information was listed. After submitting my dispute (via TU website), in a matter of hours, i received notification that changes were made to my CR.  Now, IDK if it was due to the information shared by User: shootingstar , but the 3  (Direct Loans) TLs were deleted nonetheless.  I do hope someone gets some confirmation or atleast some assurance from my experience.

 

PS.  My TU scored did drop 2 points immediately after  :smileysad:

 

 

Again, all you guys are awesome for your input, I've Learned SOOOO much about Crediting and Finances from yall!!!!

New Member
Posts: 3
Registered: ‎07-23-2014
0

Re: FYI NO MORE DIRECT LOANS

So I should dispute any US DOE late payments right now? I have a couple 60 days that happened when I was really sick...I'm in the process of rebuilding my credit now. It's either dispute the late payments or send a GW letter. Is this an acceptable route?

Community Leader<br> Valued Contributor</br>
Community Leader
Valued Contributor
Posts: 1,150
Registered: ‎06-09-2008
0

Re: FYI NO MORE DIRECT LOANS


msuanderson wrote:

So I should dispute any US DOE late payments right now? I have a couple 60 days that happened when I was really sick...I'm in the process of rebuilding my credit now. It's either dispute the late payments or send a GW letter. Is this an acceptable route?


The dispute process is there to help you correct inaccurate information on your credit report.  If the lates are accurate, the appropriate course of action is to pursue a goodwill adjustment.

Regular Contributor
Posts: 150
Registered: ‎12-18-2012
0

Re: FYI NO MORE DIRECT LOANS

Thank you for this information, I wondered what had  happened .... because I had been fighting for corrections to be made to my TL for 2 years with no luck, then on this latest round of disputes Direct Loans was deleted.

Starting Score: 06/06/2012:FAKO TU 585/EQ 472/ EX 561
Current Score: TU08 696, EQ5.0 679/ EX08 676
Goal Score: 700 by 3/2015

Cap1 Venture-$4300, Quicksilver-$4750,Chase Freedom-$2200, Discover IT - $1600
Store Cards: Vic.Sec -$1250, Walmart-$1650 ,Gap $1000( updated 1/29/2015)

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.