Student Loan Question

Anonymous — Sat, 14 Jul 2007 18:21:58 GMT

Like some people on this forum, I have an old student loan on my credit report. The loan was paid in full after collection. The info is being reported to both EX and TU - but very differently. And the info that is being reported to EX is killing my EX score since it shows that I have 25 lates (25 consecutive months from 10/02-10/04). Is there anyone out there that has experience with getting the CA Student Aid Commission to remove late pays from their report after having paid in full? I have not a single other late payment on my credit reports and I can't help but think that this is really keeping my EX score down - just ordered all 3 of my FICO reports and TU is 43 points higher than my EX score (TU = 683, EX = 640, EQ = 662). I also have 2 other student loans that were paid off in 1999 and 2000 that are not showing as derogatory accounts on my report - this one is - and I would like to get this account moved out of the derogatory section and get the lates removed. Here's what both EX and TU show for this loan:

myFico Experian shows:

date opened 1/01
date of last payment 11/04
7 year payment history - 90+ days late = 25 times (showing consecutive monthly lates from 10/02 - 10/04)
balance = 0
past due = 0
current status = OK/was collection

myFico Transunion shows:

date opened 1/01
date closed 9/01
current status = payment after charge off/collection
balance = 0
past due = 0
7 year payment history shows no lates

I also have copies of a mortgage tri-merge credit report that my broker just pulled about a week ago and the same loan is showing in the Derogatory Accounts section, reported by both TU/EX (although on my TU myFico credit report it is not showing as a derog). Scores on the mortgage tri-merge are just a tad off the myFico scores (TU= 684, EX = 649, EQ = 657). The tri-merge report shows the following:

date reported 11/04
date opened 01/01
balance $0
past due $0
30 day late = 0
60 day late = 0
90 day late = 0
status = paid collection

Another question - how is it that myFico EX report is showing 25 lates on this loan, but the mortgage tri-merge report, which pulls the data from EX, shows no lates? I am happy that the lates are not there, but it's still in the derogatory section of the report which is a negative.

How should I proceed? Any help is appreciated!

Message Edited by focused07 on 07-14-2007 11:19 AM

Message Edited by focused07 on 07-14-2007 11:21 AM

Re: Student Loan Question

Anonymous — Sat, 14 Jul 2007 18:40:51 GMT

bump - I am very anxious - I know there are lots of helpful and knowledgeable people on this forum - anyone have some advice??

Message Edited by focused07 on 07-14-2007 11:40 AM

Re: Student Loan Question

Anonymous — Sat, 14 Jul 2007 20:13:39 GMT

Bump? Tuscani, Noah, TNWM - are any of you out there? Can you help me out? Please?

Re: Student Loan Question

Anonymous — Sun, 15 Jul 2007 17:23:31 GMT

bump...

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Student Loan Question

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