Hi everyone! First post!
I guess I'll do a quick intro first. Skip this paragraph if you don't care... I'm hoping to rehab my credit over the next few years after many years of head-in-the-sand syndrome. I avoided even checking my report for a long time. As you can see from my signature, my scores are pretty bad as of Jan-09. But I hope some kind souls out there will help me out with what actions I can take to clean it up. I know time is the greatest healer, but there are also some accounts I don't recognize and some incorrect info on my reports.
Anyway, here's my question: Out of the 38 total accounts on my credit reports, my Nelnet student loans takes up 20 of them! Apparently they report each distribution individually? But I had a problem back in 2006 where I did not pay my student loans. And across ALL 20 ACCOUNTS, Nelnet has reported me 90 and 120 days late for 11 months straight! As you can imagine, that is a huge hit to my credit score, basically making 1 delinquency look 20 times worse that (I think) it should be. Except for a few misses, my other 18 accounts have reported mostly positive since 2002. I would probably have a 750 score if it wasn't for this situation! Is this fair play in the credit reporting world? Is there anything at all I can do about it? (BTW, I have been current with Netlnet since 12/2006.)
I really appreciate any explanation and advice. I'm going to be posting a few other questions in other forums, but this is the biggie right here. Thanks!
