Need help understanding account lates

[Anonymous]

Hello everyone,

I've been reading & posting on the forums a little while now, but I'm sort of embarrassed to say that I'm having trouble understanding how lates are showing up on my TU account. I have a student loan that I was late on from fall 2004 through Aug 2005. Loan was put in forbearance in Sept. 2005. Began making payments on the account in February 2006 & have been current ever since. Here is how the loan is currently showing up on the report I pulled from TU:

Does this mean that only one late is being reported out of my entire payment history? It seems odd to have a solitary 90-day late of $0. After checking the student loan forums it seems that federal student loan GWs are basically non-existent. Considering that the late(s) are only reporting on my TU CR, would it be best to just let it be so that the lates don't show up on EQ & EX as well?

[Jazzzy]

Hi...it looks to me as if you only have the one 90-day late reporting from 2005.

Have you pulled your TU from this site? If so, how many lates do they tell you that you have totally? Does it seem as if they are only counting the one?

I would in NO way dispute this....especially if you did have a 90-day late back then. You don't want them snooping through these old records.

[Anonymous]

LynetteM - Thanks for the insight

The thing is, myFICO is showing my worst delinquency as 120-day late:

That is what has me confused. Also, going back to my annual report pull back in August 2009, I can see there were (at one time) 120-day lates showing on my TU report.

 So does it look like I just got lucky? Thanks!

[Jazzzy]

Hi honeybunnygal...it is very confusing, isn't it?

In one place it looks as if your longest late is a 90-day, and in another it looks as if it a 120-day.

If things look better now, I wouldn't dispute. There can be nasty unintended consequences from disputing. If they go back through things with a fine tooth comb, you could come out worse.

[Anonymous]

It's baffling...those reports were pulled on the same day (a collection was removed & I wanted to see if it affected my score). I think I'll just let well enough alone on the late front.  At least it only appears one time on one report. Except for this late, the other derogatory info on my reports should be gone in a year (sooner if the HIPAA process works for me). I just wanted my reports as clean as possible before applying for a mortgage (either later this year or next year).

Lynette - Thanks for all your great advice...it really helped to put things in perspective!