I have several student loans that were owned by USA Group servicing company/LCSF(?). The loans were subsequently bought out by Sallie Mae. In July 2002, I consolidated all individual loans from Sallie Mae to the Federal Direct Student loan. My loans from USA/LCSF and Sallie mae are showing up as: "Account transferred or sold to another lender". I have no Derogs whatsoever on these loans, they were always paid on time. Do these listings hurt my report? Is it possible to remove or dispute them? Also, I have a couple of accounts "closed at consumer's request". Is there anyway to remove these as obsolete as long as they contain nothing negative? What about old accounts that haven't been used in over 10 years?
The transferred/sold shouldn't hurt you. How old are the closed accts? If they've been closed for 7-10 years you might be able to get them removed. If you haven't used an acct in 10 yrs and the status reflects that, then they can come off too. But be careful or you won't have any credit history left.
I believe so. Someone else might know the calculation better than I but the length of credit history is taken in to acct (from oldest acct) but also average age of accts seems to be important and thus, your 10 yrs old accts should be helping your scores.
