When info is corrected, will I get all my points back?

[Anonymous]

I'm losing sleep over this situation.. Experian went and updated my student loan as being 90 days late in November and turned it into a collection account as of Nov 1.  Problem is that my loan is current.  The info for the past 12 months shows "ok" on every month and then - wham - they post this major mistake.  It's obvious - it shows $0 past due right now too.  You'd think if I was REALLY 90 days late that I'd be past due 3 months, huh?  I'm furious about this.

I went from 601 (yes, I know.. not great) to 534!!!!!!!  I need to go FHA and I went from qualifying scores to not qualifying.  My landlord is not paying their mortgage (found out by note on the door 11/26 from Chase Bank).  I was going to qualify anyway, but now I feel I can't wait.

I'm going to do whatever I can to get them to report this correctly.  Can I expect to get ALL OF MY POINTS back?  Or am I going to get a few here and there and have to wait months to "build up" to my score before they did this?  

On another note - does anyone know the absolute fastest way to get this fixed?  I can't afford another 30-45 day wait while they "dispute" this information.  I do have it in writing from the loan servicer that this loan is current/never late, etc.

[haulingthescoreup]

Wow, what a pain!

Your scores are just a "snapshot" of what's on your reports at that very moment. If nothing else changes on your reports, and the SL status goes back to where it was, your score should wind back up essentially where it was.

[Junejer]

I would certainly supply my LO with that document that states that you are current, if you app before getting it corrected.

[Anonymous]

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@Junejer wrote:
I would certainly supply my LO with that document that states that you are current, if you app before getting it corrected.

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I'd really prefer to get this corrected first to avoid having to have an explanation.  If I'm not able to get this corrected asap, I do have the documentation.  In fact, I have two letters to me stating that they have contacted the credit bureaus to correct this account.  So I am ok there, but would much rather get this cleared up.  It took me 6 months to get them to report it paid on time/never late and then for this to happen makes me want to scream.

[Junejer]

I feel your pain. It's like a waltz: two steps forward, one step back. GL