Hi All... I had an old student loan that went to collection. In 1996 I paid it off in full to the OC. In pulling my Equifax report I still see it on there and they are updating it monthly. It read Pays over 120 days. It does show a 0 balance, but each month they are still updating it as a charge off. What should I do? In reading here I am thinking perhaps the nutcase letter, but I am not sure...HELP!
Actually yesterday I sent in an online dispute about it to Equifax and I just pulled my report...its a new month and the student loan is gone and my score is up 6 pts! They must have seen the dates and just pulled it! It reverted back to the mid 80's! The last activity date was 96 when I paid it off...
Congratulations on the deletion. I am currently having the same problem with EQ. Shows zero balance, 120 days late. I called EQ today, the CSR tells me that the status is from when they first reported, not the current status. I asked her why MyFico gives the negative reason as an account being seriously delinquent as recent as 1 month ago? "Oh, we'll investigate that too." My next contact with them will be an intent to sue for willfull non-compliance. This will be the 3rd investigation. Gib
