What do you guys think?? On my EQUIFAX, I have 5 Sallie Mae's listed as Charge-off. Dates of last activity for 4 of them are 6/97 and for one of 11/97, so 4 of them should be coming off this June because 5 years (NY) and because they have $0 bal (sold or transferred). Starting in January I was disputing them as duplicates of my current student loans with Charter Bank (I know - long shot). And I was also disputing that the open dates on the Sallie Mae items are incorrect. Equifax's response: "Student Loans are not considered duplicate accounts. They are reported according to disbursement of funds under the same or similar account numbers, usually the SSN." My 1st reaction - "DUH" 2nd reaction - "I should call them or write one last time and tell them they didn't even read my dispute letter which was very clear and they didn't do anything about the dates opened either!" (But I'll have to buy some peanuts first for bait!!) 3rd reaction - "Maybe I should just wait until June for 4 of them to drop off.." 2 months seems like such a long time to wait and they are just so annoying that I want to reply and give them a piece of my mind! Any thoughts? Should I just wait the 2 months?? Thanks in advance!!
okay - now I'm bummed. I was challenging the fact that disbursements were given individual accounts, thereby artificially boosting the impact of a single period of delinquencies. Looks like I shouldn't hope for too much. Re the drop-off date--isn't it 7 years, not 5? My delinquencies were from roughly the same period, so it would be fabulous if they dropped off. But I don't think student loans are treated differently from other accounts. Good luck; this really bites.
It's only 5 years since I live in NY. Lucky me! I ended up calling in my dispute, figured that I only have 2 months left before 4 of them drop off and I just couldn't write them yet ANOTHER letter. So I spoke with an EquiSUX robot (a.k.a CHIMP BOY)who tried to tell me that they are not duplicates because the Sallie Mae's were sold to Charter One... blah blah blah. Then he tried to get around the fact that the dates that Sallie Mae shows opened are incorrect, as if it wasn't really important whether they were correct or not. Outcome: he wrote up new dispute for the dates opened on the 5 Sallie Mae listings. I don't expect much from that, but doesn't matter because when this dispute is over, I am going to turn around in June and get 4 of them taken off for being obsolete! : ) I know this will happen because they have already removed 3 last year at the 5 year mark automatically. the last one will be obsolete in November. So.... if you live in NY then you are set! If not just keep disputing. Good luck to you.
Your SOL may only be 5 years, but the reporting period is 7 years nationwide; regardless of the state you live in.
Love- I beleive it is 5 years reporting limit in MY on PAID items, but some others have said the CRA's delete unpaid items as well at the 5 year mark.
That's correct KHM... reporting is 5 years for paid items. Equifax has already removed 3 from last year without me having to contact them, so I am hoping I have no problems with the rest.
