Received TU report, need advice:

I have 4 adverse accounts and 1 satisfactory.

I think one of the adverse is the same as the satisfactory.
Here's the info:

Adverse:
Balance = 0
Date updated = 11/01
High Bal = $900
Terms = 120 Monthly $40
Pay Status = Paid/Paying as agreed
A/c type = installment a/c
Date Open = 5/97
Date Closed = 11/01
Loan Type = Student Loan
Remarks = Closed
2 30 day lates; 3 60 day lates; 2 90+ day lates.

Satisfactory:
Balance = <nothing stated>
Date updated = 5/1999
High Bal = $900
Terms = 24 monthly
Pay status = Paid/Paying as agreed
A/c type = installment a/c
Date Open = 5/1997
Date closed = <nothing stated>
Loan Type = Student Loan
Remarks = <none stated>

The listed creditor of the adverse is some company; of the satisfactory is my former school.

Should I bother validating/verifying the adverse debt? If it is the same as the satisfactory debt, could that be jepordized? Looks like the bad debt should fall off the report in 2008.

Thanks