Student loans:help deleting duplica

Discussion in 'Credit Talk' started by moneyelf, Sep 14, 2003.

  1. moneyelf

    moneyelf Well-Known Member

    Student loans:help deleting duplicate items

    Specifically, How does one BEST get rid of duplicates of student loans reported? Some of them are definitley thinly disguised duplicates, if not all of them (as is one tax lien reported by two different gov't entities).

    I have searched on the site but haven't yet found anything I could use.

    Can I somehow dispute them all at once effectively? There are least 12 altogether including the duplicates. I have a hard time believing the CRA's could find legal documentation to support these items. My loan is now consolidated and deferred so the correct item showing that is listed shows as current and never late. Old items re: this dated as follows (all of them!)

    opened 1998
    reported since 1999
    date of status 2000
    last reported 2000 (and during a month that has passed on this year's calendar)

    the (cautious) moneyelf
  2. moneyelf

    moneyelf Well-Known Member


  3. moneyelf

    moneyelf Well-Known Member


    Bump..Help please :)
  4. moneyelf

    moneyelf Well-Known Member


    bumpiiiiiiiiiiiiiing. one more try today :)
  5. moneyelf

    moneyelf Well-Known Member


    it's a new day...another self serving bump :)
  6. moneyelf

    moneyelf Well-Known Member


    still hoping for a nugget of wisdom and another hopeful, earnest self serving bump up **~~
  7. lbrown59

    lbrown59 Well-Known Member

  8. Melissap1

    Melissap1 Well-Known Member


    Have you tried validation with the CA's. Mine are with original OC and they received a letter on Monday. I don't know if it will work, but I'll let you know.

    Here's my letter if it helps at all. Don't know your whole situation.


    Student Loan Center/ Legal Dept.

    30 Sept 2003

    RE: Accounts #x0001, x0002, x0003, x050001,x050002,x050003

    To Whom It May Concern:

    I have had numerous problems with your bank and my accounts. x001, 2, and 3 were reporting as either discharged or included in bankruptcy with a $0 balance being owed to you. This was verified several times with Experian and Equifax. This is in violation of the FCRA (§ 623. Responsibilities of furnishers of information to consumer reporting agencies [15 U.S.C. § 1681s-2]). I am enclosing a copy of the 3 accounts listed in bankruptcy and verified as of 9/03 with Experian as an example. I am also enclosing a copy of how you are repoting to Equifax.

    Section 623(a)(2) of the FCRA addresses the duty to correct and update information by "furnishers," or persons who furnish information to consumer reporting agencies ("CRA") such as credit bureaus. In particular, this section requires a person that "has furnished to a consumer reporting agency information that the person determines is not complete or accurate" to "promptly notify the consumer reporting agency of that determination" and provide any information needed to make it complete and accurate.(1) Thus, on its face, this provision requires a furnisher to provide corrected or updated information to the consumer reporting agency that it had reported to originally. A furnisher that reports current information to a different CRA has done nothing to "correct and update information" with CRA that possess the information that the furnisher has now determined is incomplete or erroneous. This duty extends to all student loan accounts reported to CRAs, regardless of whether they were accurate at one point, because the section requires the furnisher both to "update" accounts as well as to "correct" those that were erroneous when submitted to the CRA.

    I made several attempts to talk with employees and supervisors who told me that I did owe the money, though your own systems were reporting a $0 balance because of the bankruptcy. I was told that I needed to prove that you included it in bankruptcy. I didnâ??t feel that it was my responsibility to acquire the bankruptcy paperwork that your bank apparently lost. I then said that I would pay the loans back, but for you to please correct my reports. They were not corrected. In fact, I have had duplicate accounts added to my credit reports (x050001, 2, and 3). I have 5 accounts listed on my credit reports for the 3 loans that I have. This is again in violation of the FCRA§ 623. Responsibilities of furnishers of information to consumer reporting agencies [15 U.S.C. § 1681s-2].

    I ask that you remove the erroneous accounts from my credit reports and that the correct accounts reflect my deferments without late pays caused by correcting this situation. I was turned down for a refinance which would have lowered my mortgage payments and allowed me to take enough equity out to pay off these loans. I have also been denied a credit card and lower insurance rates. I would like to no longer suffer from your errors. Please correct the accounts with Experian and Equifax within the next 15 days.




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