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"ACCOUNT INACTIVE"

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2BFREE25
Valued Member

"ACCOUNT INACTIVE"

I have a student loan account that is reporting as "account inactive". What does this mean? Is it bad? Does it affect my fico?
Starting -
EQ: 505
TU: 528
EX: 503
- Short term goal: 560
- Long term goal: 750
Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: "ACCOUNT INACTIVE"

Does it have a zero balance? 
 
The HEA requires SL servicer's to report at least annually-
 
Inactive on an installment account is not going to hurt your score-
 
If Inactive was on a revolving account- the CL would be excluded from UTL-  
Message 2 of 5
2BFREE25
Valued Member

Re: "ACCOUNT INACTIVE"

Where it says balance there is no number. The only thing that shows is acct #, date opened, DOLA, and then it says account is inactive.
Starting -
EQ: 505
TU: 528
EX: 503
- Short term goal: 560
- Long term goal: 750
Message 3 of 5
Anonymous
Not applicable

Re: "ACCOUNT INACTIVE"

I would leave it alone then-
 
Are you aware of owing on any SL's?

2BFREE25 wrote:
Where it says balance there is no number. The only thing that shows is acct #, date opened, DOLA, and then it says account is inactive.



Message 4 of 5
2BFREE25
Valued Member

Re: "ACCOUNT INACTIVE"

Not this one in particular, but I know of the others.
Starting -
EQ: 505
TU: 528
EX: 503
- Short term goal: 560
- Long term goal: 750
Message 5 of 5
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