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Anyone know how to read this and what it means?

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Legions36
Frequent Contributor

Anyone know how to read this and what it means?

Today I recieved an alert for my rehabed student loan. This is from the original lender and right now it still shows in the negative section, so im not sure what this means because it now says pays as agreed.

[The following changes were reported for your NELNET LOAN SERVICES account : 
Account Status Changed from At least 120 days or more than for payments past due to Pays account as agreed
Comments on your account changed from Consumer disputes - reinvestigation in process to Consumer disputes - reinvestigation in process , Account transferred or sold , Student loan , Trsf/Sold]

 

EQ-784 TU-777 EXP-772 12/11/15

NFCU(11.5k), USAA(6k), DCU(10k), Sapphire(5k), Duck(5k), Freedom(1k), Quicksilver(3k), DiscoverIT(2k), AmexBCE($800),
New cards 12/12-NFCU-MC(18.5k), Simplicity(9.2k),Slate(7.5k),Amex(3.8k)
Message 1 of 8
7 REPLIES 7
Legions36
Frequent Contributor

Re: Anyone know how to read this and what it means?

Here is more:

 

NELNET LOAN SERVICES Hide Details XXXX 10/14/2004 $0 08/14/2013 PAYS AS AGREED NELNET LOAN SERVICES 3015 S Parker Rd Ste 425 Aurora, CO-800142904 (888) 486-4722 Account Number: XXXX Status: PAYS AS AGREED Account Owner: Individual Account. High Credit: $1,313 Type of Account An installment loan has a fixed number of payments and the same payment due each month, such as a car loan or student loan.: Installment Credit Limit: Term Duration: 120 Months Terms Frequency: Monthly (due every month) Date Opened: 10/14/2004 Balance: $0 Date Reported: 08/14/2013 Amount Past Due: Date of Last Payment: Actual Payment Amount: Scheduled Payment Amount: $0 Date of Last Activity: 06/2007 Date Major Delinquency First Reported: Months Reviewed: 40 Creditor Classification: Activity Designator: Transfer/Sold Charge Off Amount: Deferred Payment Start Date: Balloon Payment Amount: Balloon Payment Date: Date Closed: 05/2008 Type of Loan: Education Loan Date of First Delinquency: N/A Comments: Consumer disputes - reinvestigation in progress

EQ-784 TU-777 EXP-772 12/11/15

NFCU(11.5k), USAA(6k), DCU(10k), Sapphire(5k), Duck(5k), Freedom(1k), Quicksilver(3k), DiscoverIT(2k), AmexBCE($800),
New cards 12/12-NFCU-MC(18.5k), Simplicity(9.2k),Slate(7.5k),Amex(3.8k)
Message 2 of 8
09Lexie
Moderator Emerita

Re: Anyone know how to read this and what it means?

Message 3 of 8
Luscher
Valued Contributor

Re: Anyone know how to read this and what it means?

request to move to student loans section?

but i think it means nelnet transferred your balance to another lender and you are now considered pays as agreed to nelnet?....
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 4 of 8
myjourney
Super Contributor

Re: Anyone know how to read this and what it means?

I did too LOL

 

 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 5 of 8
Legions36
Frequent Contributor

Re: Anyone know how to read this and what it means?

So is this still considered negative or is it now a positive tradeline? Im not sure because it is still in the negative section on my equifax. Oh sorry for putting it in the wrong section.

EQ-784 TU-777 EXP-772 12/11/15

NFCU(11.5k), USAA(6k), DCU(10k), Sapphire(5k), Duck(5k), Freedom(1k), Quicksilver(3k), DiscoverIT(2k), AmexBCE($800),
New cards 12/12-NFCU-MC(18.5k), Simplicity(9.2k),Slate(7.5k),Amex(3.8k)
Message 6 of 8
Anonymous
Not applicable

Re: Anyone know how to read this and what it means?

If there are lates reporting on the TL it will be adverse until those fall off.  Once the last one falls off it will then be a positive account again and stay for up to 10 years from date closed.

 

I don't see that it was ever CO'd or went to collections,.

Message 7 of 8
Legions36
Frequent Contributor

Re: Anyone know how to read this and what it means?

Ok so i guess i understand it now. At least i don't have to wait to long for it to fall off as it comes off Mar 2014. But this is what the lates look like:

 

81-Month Payment History Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 * * * * * * * 2012 * * * * * * * * * * * * 2011 * * * * * * * * * * * * 2010 * * * * * * * * * * * * 2009 * * * * * * * * * * * * 2008 * * 120 120 120 * * * * * * * 2007 * * * * * * * * 90 * * 120 2006 * *
EQ-784 TU-777 EXP-772 12/11/15

NFCU(11.5k), USAA(6k), DCU(10k), Sapphire(5k), Duck(5k), Freedom(1k), Quicksilver(3k), DiscoverIT(2k), AmexBCE($800),
New cards 12/12-NFCU-MC(18.5k), Simplicity(9.2k),Slate(7.5k),Amex(3.8k)
Message 8 of 8
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