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Dwayne · Posted: Wed Dec 14, 2005 4:39 pm Subject: Clearing off deferred Student loans

Ok so the other issue I have is my derogatory student loans...

First off I had 5 student loans through citibank that went derogatory,
Then they were purchased/taken over by the dept of education that went derogatory,
Finally I have consolidated then loans and am paying on a regular basis...

But the problem that I have is that now I have 10 bad reports on my credit file...How do I get them removed?

Posted: Wed Dec 14, 2005 5:45 pm Subject:

Dwayne,

Welcome to forums. It is always suggested to prevent derogatory information enter into credit file because negative notations stay in credit record for 7 years. You should have tried to rehabilitate your student loans before entering into consolidation program. It could help you to remove these scars. Rehabilitation makes default student loans current thus helps to raise your credit score.

Since you have already consolidated your loans and the default accounts have started to be paid off, your credit record will begin reflecting it certainly. Consolidation process will boost your score also. Best of luck.

Guest · Posted: Thu Dec 15, 2005 12:01 am Subject:

so how can I have the past original creditors removed?

Posted: Thu Dec 15, 2005 10:19 am Subject:

It seems that all your loan accounts have been reported twice. Contact credit bureau and dispute the entries.

Also ask your consolidator to report the current status of your loan accounts to the credit bureaus.

Posted: Thu Dec 15, 2005 10:28 am Subject:

dwayne · Posted: Thu Dec 15, 2005 9:32 pm Subject:

Thanks all, I really did not know that...
The new financers have been reporting to the credit bureaus for the past 10 months. But are they the ones I need to talk to to have the old ones removed or the credit bureaus?...which is the best to clear?

Posted: Fri Dec 16, 2005 9:22 am Subject:

dwayne,

Please go through my first post in this thread. Consolidation without Rehabilitation cannot remove your past negative entries. It will be there in your record for 7 years. However once your default accounts are paid it will be marked as �paid charge-off� which is better than �charge-off�.

You can dispute multiple entries for the same account as you have mentioned that there are 10 negative entries for 5 student loans. Get the information on how to dispute with credit bureaus here-
http://www.debtconsolidationcare.com/forums/dispute-info.html

Please keep informing us in future.

Posted: Sat May 20, 2006 11:02 pm Subject: Bryan P.

In the thread it says to obtain my credit file and to highlight and return the report with the dispute. Is there a dispute letter that I should send along with this?

Posted: Mon May 22, 2006 5:39 pm Subject:

You can browse through the letters section in this website and pick up a sample dispute letter. Or you can also catch a look at the ebooks section

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