I started my rebuild this jan and have seen very nice improvement, though I was a little puzzled to see such a large discrepancy in my scores across the three bureaus. Tu 658 eq 628 ex 589, almost 70 points between high and low seemed excessive. All three reports include the very same accounts, utilization on cards, ect. I defaulted ob my federal student loan with great lakes, the original loan was closed and turned into five tradelines with great lakes internal collections. With tu these 5 tls are in the collection section, in ex and eq they are in the accounts section and reporting as open 1 month term, when i compared on the 3b, ex an eq show 26 late 90 days or other derogatory. I have tried searching the forum regarding this topic and have noticed that most people comment that it doesnt affect scoring, it seems to me that it has a really significant effect on my score. Is reporting a closed installment loan as an open 1 month term loan a legit way to report? Btw these loans are unpaid and reporting monthly, in the next month or so i will have the money to pay them in full so i have been hesitant in contacting great lakes about the matter until i am ready to pay. Any advice would be much appreciated.
