Student Loan Question

[fixmycred14]

Hello All,

Why are my student loans with the US Dept of Education listed under negative accounts? They were consolidated and taken over by another lender. They are not in default or past due. What can I do to correct the negative impact to my credit score?

Also, if consolidated why are they listed out one by one? It's the same lender....the loans make my CRs voluminous. Twenty five loans listed out.

[RobertEG]

What adverse information is listied?

[llecs]

Are there any past lates showing within those TLs? If so, that would be a source of the red flag (assuming you are looking at a FICO report). Also look at the comments within the TLs. Some comments are scored negatively by FICO.

Why different TLs? Because the loans cannot be merged together. The lender has to treat them separately. This is a curse and a blessing. It's a curse because you have more TLs and payments to deal with. Plus you have more TLs reporting which can impact AAoA in the short term. In the long-run they'll help and you'll find they are a score booster as they age.

[fixmycred14]

Okay, so now I see..... on my TU CR there are instances of 30/60/90 late.

Since there are 25 in all I had to go through each one. Some say "paid, closed, never late; Deferred; Forbearance or Transferred/Sold

How can I remedy the late payment notations? Each loan that says this has a new lender and $0 balance.

Thanks for educating me!

[llecs]

Send out goodwill letters asking if they wouldn't mind removing the lates.

[fixmycred14]

Thanks again for your help.

[fixmycred14]

TU is the only CR with the neg payment student loan notations.

Is it worth it to attempt having the notations removed?

Will it cause more harm than good?