
Originally Posted by
AudreyLeigh
So, on my credit report I have like 10,000 school loans showing as closed accounts... ok, not that many. I have 4 from GLELS (1 is open with a balance) and 7 closed accounts from USBank.. I have one from US Dept of Education.
I guess the companies just trade and move around school loans?
I originally took out the loan from USBank - they got turned over to GLELS. I dont know why theres 7 different US Bank loans and then 5 from GLELS. Its the same money just moved around a thousand times.
The US DEPT of ED one is from cosmo school. Took out one loan - have ONE loan showing - makes sense.
WTF is with this having so many accounts? Is this hurting my credit? Anyway to fix this?
2 of the USBank ones have last reporting date as Dec 2000 so should these fall off in Jan - do I need to call the CRA to get them removed since it'll have been 7 years? The others all vary 2001, 2002, 2003, 2005.
And on top of that - anyone know how to consolidate the 2 open loans that I have? I dont want to risk them getting moved around and me having MORE empty loans on my CR.
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