topic Re: Payment Status vs Comments in General Credit Topics

Payment Status vs Comments

Anonymous — Sun, 28 Jun 2009 21:15:41 GMT

If the Payment Status and the Comments fields for a tradeline contain conflicting information, which is considered the "correct" one? DW has a student loan on her EQ report that was delinquent way back when and is now showing "Pays as Agreed" in the status. However, the comments read "PAID ACCOUNT / ZERO BALANCE / STUDENT LOAN ASSIGNED TO GOVERNMENT"

This loan was never in default and was never assigned to the government. Does the comment stating that it was carry any (or much) weight in light of the payment status being positive, and will getting that comment removed help anything (score, manual review) in anyway, or will it be pretty much a waste of time to bother with it?

Re: Payment Status vs Comments

Anonymous — Wed, 01 Jul 2009 12:55:22 GMT

Bump. Any thoughts?

Re: Payment Status vs Comments

Itsmeagain — Wed, 01 Jul 2009 13:17:27 GMT

During a manual review, that comment might be interpreted to mean the loan had been assigned for collection. However, if there is no collection account reporting, the statement should have no effect on your score or on any credit decision . . . IMHO!

Maybe one of the members more knowledgeable in fico scoring will chime in but it appears to me that it should be a no-nevermind.

I would carefully consider before disputing, the possible negative results that could happen if the dispute is misinterpreted by the CRA. I've heard of disputes causing entire trade lines to disappear and this one appears to be a positive that your DW would want to keep.