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