Credit Report & Student Loans - Posted by Kevin (NY)

Posted by Bruce Lawson on July 20, 2002 at 17:26:15:

Hi Kevin,

I responded to your post on the Financing Forum, call me if you have any questions, Something can be done.


Bruce Lawson

Credit Report & Student Loans - Posted by Kevin (NY)

Posted by Kevin (NY) on July 20, 2002 at 12:37:30:

I posted this message on the Financing Board, but thought I might find others here who may have insights…

In reviewing my credit report, I have found that my student loans are listed by DISBURSEMENT rather than by ACCOUNT. Therefore, it appears in my credit profile that I have several student loan accounts even though I make only one payment each month to one account (for the combined balance). Two years ago, I fell behind on my payments for a few months and my delinquency is reported in my credit profile as 4 separate delinquencies (one for each disbursement).

Can anything be done about this? It doesn’t seem fair to be penalized 4 times over for the same delinquency. Any thoughts/ideas?