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Established Member
Posts: 37
Registered: ‎03-07-2013
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Old student loans newly reported

I got a score watch alert:

5 of your accounts reported changes

STUDENT LOAN FINANCE CORP
(XXXXXXXX1501)
Account opened: 3/2003
Description:Account transferred or sold Paid collection Student loan
 Previously reportedNewly reported
Balance:$0 
Past due:$0$0
Status:Pays account as agreedAt least 120 days or more than four payments past due
Last activity:10/1/200611/1/2006
Description:Account transferred or sold Account transferred or sold Paid collection Student loan
Contact: STUDENT LOAN FINANCE CORP, 105 1st Ave SW, Aberdeen, SD, 574014104
 
Why has this been updated/newly reported?
They dont even have my student loans anymore and they have been rehabbed!!!
Oh and they are supposed to fall off 6/13
I'm confused. Please help!!! :womansad:
2/26/13: 528-myfico EX
3/10/13: 533 myfico EQ
4/02/13: 539 myfico EQ
3/16/13: 566 EX(us bank)

Starting Score: 528
Current Score: 539
Goal Score: 650


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Established Contributor
Posts: 742
Registered: ‎11-20-2012
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Re: Old student loans newly reported

Did you ask them? I don't know if I would be all that concerned if they were due to drop in a month or two anyway. What was the DOFD on this?

Established Member
Posts: 37
Registered: ‎03-07-2013
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Re: Old student loans newly reported

DOFD should be around April 2007. 6 months from graduation

2/26/13: 528-myfico EX
3/10/13: 533 myfico EQ
4/02/13: 539 myfico EQ
3/16/13: 566 EX(us bank)

Starting Score: 528
Current Score: 539
Goal Score: 650


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Established Contributor
Posts: 742
Registered: ‎11-20-2012
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Re: Old student loans newly reported

[ Edited ]

So that would mean they would drop anywhere between April to Sept 2014.

 

I would call them and ask why they're reporting this way. That seems really odd. That status line worries me a touch.

Regular Contributor
Posts: 153
Registered: ‎01-24-2013
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Re: Old student loans newly reported


InvincibleSummer3 wrote:

So that would mean they would drop anywhere between April to Sept 2014.

 

I would call them and ask why they're reporting this way. That seems really odd. That status line worries me a touch.


i'm in a similar boat. so my loans will drop based on DOFD? i thought they would stay on 7.5yrs from the date of my most recent delinquency. in other words i did a student loan consolidation back in january and the DOE loans will not stay on my report until the 2020 but instead drop off sometime sooner since they went delinquent in 2007?

Started January 2013 in the lower 500s
Scores (as of January 2014) Equifax 630 | Experian 646 | Transunion 674
With the help of you all; I am working my way to the 700 club!
Established Member
Posts: 37
Registered: ‎03-07-2013
0

Re: Old student loans newly reported

I don't know when the DOFD. How can you find that out? And when does it usually go delinquent?

Per my credit report it is supposed to drop off June of this year. But of they newly reported will it stay on the longer?

2/26/13: 528-myfico EX
3/10/13: 533 myfico EQ
4/02/13: 539 myfico EQ
3/16/13: 566 EX(us bank)

Starting Score: 528
Current Score: 539
Goal Score: 650


Take the myFICO Fitness Challenge

Established Contributor
Posts: 742
Registered: ‎11-20-2012
0

Re: Old student loans newly reported

This thread might help:

 

http://ficoforums.myfico.com/t5/General-Credit-Topics/DOLA-DOFD-SOL-AHHHH/m-p/13384

 

ecalmese- Looking at your other thread, your situation's a bit confusing. But help me out: your original loans defaulted, correct? If so, they would drop 7.5 years from the default date.

 

Prim- The DOFD for your loans would also be the date you defaulted on them pre-rehab. When was that? Did you ever get the rehab situation figured out? And did you ask them why they are newly reporting?

 

 

Regular Contributor
Posts: 153
Registered: ‎01-24-2013
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Re: Old student loans newly reported


InvincibleSummer3 wrote:

This thread might help:

 

http://ficoforums.myfico.com/t5/General-Credit-Topics/DOLA-DOFD-SOL-AHHHH/m-p/13384

 

ecalmese- Looking at your other thread, your situation's a bit confusing. But help me out: your original loans defaulted, correct? If so, they would drop 7.5 years from the default date.

 

Prim- The DOFD for your loans would also be the date you defaulted on them pre-rehab. When was that? Did you ever get the rehab situation figured out? And did you ask them why they are newly reporting?

 

 


yes i defaulted :smileysad:

Started January 2013 in the lower 500s
Scores (as of January 2014) Equifax 630 | Experian 646 | Transunion 674
With the help of you all; I am working my way to the 700 club!
Established Contributor
Posts: 742
Registered: ‎11-20-2012
0

Re: Old student loans newly reported


ecalmese wrote:

InvincibleSummer3 wrote:

This thread might help:

 

http://ficoforums.myfico.com/t5/General-Credit-Topics/DOLA-DOFD-SOL-AHHHH/m-p/13384

 

ecalmese- Looking at your other thread, your situation's a bit confusing. But help me out: your original loans defaulted, correct? If so, they would drop 7.5 years from the default date.

 

Prim- The DOFD for your loans would also be the date you defaulted on them pre-rehab. When was that? Did you ever get the rehab situation figured out? And did you ask them why they are newly reporting?

 

 


yes i defaulted :smileysad:


Don't be sad. We're all defaulters here too, for one reason or another.

Established Member
Posts: 37
Registered: ‎03-07-2013
0

Re: Old student loans newly reported

ok so I FINALLY talked to someone at SLFC and he could not even tell me why that they are being newly reported. His exact words were "thats weird"!!!

So he is supposed to be sending me an email on my whole file and we are going to go over it from there. Hopefully we can come to resolution and he can delete them completely. I mean they dont even have the loans anymore

2/26/13: 528-myfico EX
3/10/13: 533 myfico EQ
4/02/13: 539 myfico EQ
3/16/13: 566 EX(us bank)

Starting Score: 528
Current Score: 539
Goal Score: 650


Take the myFICO Fitness Challenge

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