ps7psp9 Posted April 24, 2007 Report Share Posted April 24, 2007 When you consolidate your student loans, they merge into one account. So, shouldn't the separate student loan accounts that appeared separately delete after the consolidation?Nita Link to comment Share on other sites More sharing options...
direred Posted April 24, 2007 Report Share Posted April 24, 2007 No, because closed tradelines stay on your report for about ten years. Link to comment Share on other sites More sharing options...
ps7psp9 Posted April 25, 2007 Author Report Share Posted April 25, 2007 It says paid as agreed for status and in the remarks it has 30, 60, 120 days late. Can I dispute this with the CRA. Link to comment Share on other sites More sharing options...
direred Posted April 25, 2007 Report Share Posted April 25, 2007 You can, but there's not really a point unless they're inaccurate. Unlike other tradelines, student loans are required to report lates. Link to comment Share on other sites More sharing options...
hendu Posted May 20, 2007 Report Share Posted May 20, 2007 It says paid as agreed for status and in the remarks it has 30, 60, 120 days late. Can I dispute this with the CRA.I have the same problem! I consolidated the 2 loan amounts, but they still read on my reports like they have never been consolidated. I pay every month, but the balances are not decreasing!Shouldn't they read "closed"? Link to comment Share on other sites More sharing options...
LynnInMN Posted May 21, 2007 Report Share Posted May 21, 2007 I have the same problem! I consolidated the 2 loan amounts, but they still read on my reports like they have never been consolidated. I pay every month, but the balances are not decreasing!Shouldn't they read "closed"?You should have a brand new tradeline for the consolidation showing showing the opening date. Are you paying enough to make your balance go down??? A lot of people opt for the ICR or exxtended plans and they are only covering interest or less. Link to comment Share on other sites More sharing options...
ps7psp9 Posted May 21, 2007 Author Report Share Posted May 21, 2007 I have the same problem! I consolidated the 2 loan amounts, but they still read on my reports like they have never been consolidated. I pay every month, but the balances are not decreasing!Shouldn't they read "closed"?Yes the ones you cosolidated will still show up on your CRA, but they should say "paid/closed". Link to comment Share on other sites More sharing options...
buckeyechick1219 Posted May 21, 2007 Report Share Posted May 21, 2007 They should show Paid/Closed or Refinanced/Closed. Historical information will stay on record. If your CR's are showing the original loans and the consolidation loans, dispute the status of the TL and they should correct it. Link to comment Share on other sites More sharing options...
hendu Posted May 22, 2007 Report Share Posted May 22, 2007 You should have a brand new tradeline for the consolidation showing showing the opening date. Are you paying enough to make your balance go down??? A lot of people opt for the ICR or exxtended plans and they are only covering interest or less.Absolutely..........sallie Mae has sent me forebearance papers to correct the problem. Link to comment Share on other sites More sharing options...
LynnInMN Posted May 22, 2007 Report Share Posted May 22, 2007 Absolutely..........sallie Mae has sent me forebearance papers to correct the problem.Forebearance will definately not help your balance go down as interest will continue to accrue. Link to comment Share on other sites More sharing options...
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