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02-02-2017 08:59 PM
I have a defualted student loan with fedloan that's over 4 years old. However it only reports as a collection to TU. It reports to Equifax as 120 days late and it doesn't report to Experian at all. With that said, my EQ and EX scores are around 650 but my TU score is 554. My question is, if I pay this in full, will it report as a collection paid in full to all three bureaus, thus lowering my score on the EQ and EX scores? Or will it only report to certian bureaus? Any advice/experience would be very much appreaciated!
04-15-2017 07:21 PM
In my case, I have 2 loans with FedLoan both have 11 lates on them, with the worst being 180 days past due. (during forbearance) They report to all 3 bureaus. My EX is my best score. You might need to dispute the account for inaccurate coding. Not sure if you want to poke the bear though.
04-17-2017 01:37 PM
My loans report to all three. In my experiance TU has good info on me. EQ is missing accounts or updates are not always accurate. In the past I have had to contact them to update accordingly and supply the docs. As to your question, it should be reporting to all bureaus. If you PIF then the account should closed out as PIF. Someone else will need to chime in here though as far as the collection goes. I never had an account go into collections so I cannot speak to that. Maybe it may read collection - PIF. But from what I understand from this forumn for FICO 9 a collection PIF would not have as bad impact as under FICO 8. I could be wrong there too.
04-17-2017 10:23 PM
I have 8 loans with them. They are all reported to all 3 bureaus. But they are all in good standing because I am in deferment as a current student. So I am not sure what would happen when some would start to fall off or if any other changes are made.
05-03-2017 09:19 AM
I think i have three loans with them. (soon to consolidate) and they report to all three bureaus