Student loans showing as "closed" accounts

[Anonymous]

I don't know if this is a bad or good thing but I just pulled my EX credit report and my student loans which have never been late and are still with the OC (FedLoan) are showing a status of being closed. Neither of my other two reports shows these as being closed. Also, it's showing 2/3 collections accounts as being closed to even though both of them still have collection authority.

Any ideas?

[Anonymous]

Probably just a glitch in the displaying of your report. I saw this a few times on mine. Get a hard copy of your credit report through the backdoor method and see what it says.

[RobertEG]

Unlike revolving accounts, where the creditor will close the account to prevent the consumer from increasing the debt balance, installment loans do not permit the consumer to increase the debt balance, so updating an unpaid loan to "closed" does not affect substantive debt.

What closure of an installment loan signfifies is that the credtior has, due to delinquency, placed a demand for repayment of the entire debt.

If you are currently not in a delinquency status, then reporting of closed for an installment loan is inaccurate, and implies that the consumer has failed to meet the terms of the loan, permitting demand for repayment in full.

I would definately get clarification from the creditor.  I would first make an informal call, requesing explanation/correction.

If it cannot be reslolved informally, I would then file a dispute, requring correction or verification.

[Anonymous]

It shows on there pays as agreed and there are no notes of delinquency. The other two bureaus show them as open.