karmicways Posted July 16, 2003 Report Share Posted July 16, 2003 Fiance has 12 student loan in deferred status. Several months ago, he consolidated to one loan for a lower interest rate and lower payments. It went into effect July 1. These loans were only reported on EQ and were being reported as fairly decent TLs. Showed them in forbearance and current.Within the last 5 days Sallie Mae, after the consolidation, started reporting these loans to TU. The ones on EQ have NOT changed, they still show deferred. However, TU is listing 12 loans under the name Sallie Mae and showing them ALL as being behind. They show 120 days behind, with a deliquent balance. Then they show the 12 loans again under SLMA as having been transferred to another lender.He called them and they said that they have been having this problem. They said that TU is getting this information from EQ and then reporting wrong information and double accounts. I told him BS, that it was my understanding that the CRAs do not report to each other or get info from each other.Have any thoughts on this? Link to comment Share on other sites More sharing options...
sisflomi Posted July 16, 2003 Report Share Posted July 16, 2003 They can share info with each other, like the fraud alerts, you call one and the pass it on to the others. So it is a possibility that they did share this too. I would be all over TU like a fly on poopy. Get them to report it the correct way. Link to comment Share on other sites More sharing options...
karmicways Posted July 16, 2003 Author Report Share Posted July 16, 2003 They don't seem to be too interested in getting good information from EQ. When something in deleted on EQ - it will almost always remain on TU. Link to comment Share on other sites More sharing options...
kb9tbq Posted July 16, 2003 Report Share Posted July 16, 2003 They will work together on re-scoring and share information only when they have documented proof; because they are getting paid good money then to share and know the fact of the matter.This is a special service though provided by lenders in the mortgage industry, otherwise I have not known them to be doing this as an everyday practice the good will. In all matters where proof is not forwarded they will work independently and come up with their own results from investigations. Link to comment Share on other sites More sharing options...
miwankiw Posted July 16, 2003 Report Share Posted July 16, 2003 It makes sense... whenever I run a credit reports, the two look so similar.. even their website functionalities are very close. Link to comment Share on other sites More sharing options...
cookiemnster Posted July 16, 2003 Report Share Posted July 16, 2003 I think that's a crock of crap, only because the six SM TL's that are on my TU report are completely different than the ONE that is on my EQ. The ONE Sallie Mae tradeline that is on my EQ report does not show on my TU. Link to comment Share on other sites More sharing options...
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