Sallie Mae Reporting Issue

[Anonymous]

Barry,

My FICO score has taken a hit over this erroneous reporting and I have yet to see a correction. All the recent chatter illudes to an immediate correction which has yet to materialize. Are you aware of any class action lawsuit as a result of this negligent reporting?  ~SUMO 

[Barry]

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SUMO wrote:

Barry,

My FICO score has taken a hit over this erroneous reporting and I have yet to see a correction. All the recent chatter illudes to an immediate correction which has yet to materialize. Are you aware of any class action lawsuit as a result of this negligent reporting?  ~SUMO 

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You're talking about not having seen a correction of the erroneous information on your report, right?  If not, please explain further, since your score should return to where it was once the data has been corrected -- depending, of course, on whatever accurate information may have changed on your report in the meantime.

If you haven't yet contacted Sallie Mae, I'd suggest doing so immediately.  If you have and they said they'd fix it, give it 30-45 days before pulling an updated report and score.

And, no, I'm not aware of any lawsuit.

[Anonymous]

Hello Barry,

That is correct, The EQUIFAX report is still showing the balance in triplicate. ~SUMO

[Barry]

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SUMO wrote:

Hello Barry,

That is correct, The EQUIFAX report is still showing the balance in triplicate. ~SUMO

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Have you disputed this with Sallie Mae and Equifax?  Even though I believe Sallie Mae is taking steps to correct it, you still should file a dispute both directly with Sallie and with Equifax.  Then give it 30-45 days.

[Anonymous]

SALLIE MAE SERVICING   

Account Number:  9506947655100012000....
DateOpened: 10/2000
Status: Open/Current, was past due 180 days

Should this be coming off it was 2000 thats 8 years

[Barry]

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bevy1234 wrote:

SALLIE MAE SERVICING   

Account Number:  9506947655100012000....
DateOpened: 10/2000
Status: Open/Current, was past due 180 days

Should this be coming off it was 2000 thats 8 years

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Hi bevy1234,

It's not the date opened but rather the date of the first delinquency that led to the 180 day status that starts the 7 year clock ticking.  But don't despair...your score can recover long before then if you get back on the good foot with your credit.

Barry