Repeated sstudent loan entries and credit scores

----- Original Message -----
From: Real Person
To: Bobo@oskie.com
Sent: Thursday, May 26, 2005 11:25 PM
Subject: Consoladated Accounts
Bo,
I used student loans to pay for my college education and my lenders differed from one semester to the next. Upon graduating, I consoladated my student loans into one payment. Consequently my credit report consist of 10 to 15 pages of transferred/consoladated student loans. Creditors have consistently brought this up during purchases and this has really cast a negative outlook on my credit report. Is it lawful for these transferred/consoladated accounts to remain on my credit report. I feel that these are pointless entries and should not be on my credit report.

RLP

If you did transfer / consolidate loans several times or even once, yes this is legal. The more accurate assumption I would make is that, all you have are loans that have been deferred over and over and no real person credit and at some point you will have to pay the piper. Many lenders veiw these strung out loans as a possible future reason for you to bank rupt on them. So those loans make you a higher risk. The best way to compensate for this, would be a huge salary and long term job time.

Bobo Majors
931-455-6066 Work Russell Barnett KIA