Number of delinquent accounts increase

[ronron11605]

I had 4 student loan trade lines (Sallie mae) appearing on my CR in 4/2010. They were charged off more than a year ago and I was repaying them on time through another lender (SL Rehab Program). On the 4/2010 CR, it showed I had 0 Delinquent accounts. I sent a disputer letter to the 3 agencies asking them to "combine" the 4 accounts since they were showing up 4 times, when I was only making 1 monthly payment. They responded by saying the loans are reported as 4 because there were 4 disbursements of loan. I accepted the explanation, but now the 4 trade lines are all being reported as Delinquent by 2 of the agencies - Experian does not. Talking to a Rep, he says it is 'deleinquent" because IT WAS delinquent within the past 7 years. Does not matter if it is currently delinquent. If this was the rule, then 4 other accounts should be listed as deleinquent as well, as they also were 30 days late at one time in the past 7 years. (I did not tell the rep that, for fear he would indeed mark the other 4 delinquent as well) Any thoughts or suggestions would be appreciated.

[confusedinms]

I hate to say it, but your rep appears to be telling you the truth. I had 2 Stafford student loans that eventually were sold to Chase. I applied for forbearance (and no, I didn't keep my paperwork request on that, SO KEEP EVERYTHING!!!), and my accounts were still marked late for over a year. That was 5 years ago, and it's still on my report. I sent a letter of goodwill, and Chase dug their heels in and said the same thing, "No. Even if you were in forbearance, you were still delinquent from the month previous which made you delinquent for all subsequent months. This is true and factual, and it will stay on your credit report." Well, I wouldn't need the forbearance if I could make the payments, but they didn't want to hear that. Anyway, I could chase it down further to the new servicer to get my records from them, to prove it to Chase, but it flat out isn't worth it since I am current and almost paid off.

You may have to wait until your loans are sold, and then the second they are, ask for a consolidation of all of them, just for ease of record-keeping. Don't mention that you want to have it listed that way for your credit report. My accounts still list separately from Chase, and consolidated by my new servicer. Good luck, ronron. Student loans are a pain to correct...

[ronron11605]

Thanks for the reply confusedinms, but I am still confused as to WHY they are labeled delinquent now. I don't have a problem with the late marks remaining, but to list the accounts as deliquent implies that I still owe them money. And as I said, I have other accounts that were late, and they are NOT labled deliquent. ALSO, they were only marked deliquent after I made an inquiry.