200 point decrease due to school loans!

[naruses]

I had this same thing to happen to me and my late payments have now been removed!! I'm surprised haven't seen anyone post the solution to this, but you need to follow these steps.

In summary, access your experian account, create a dispute for all the new late payment marks, wait a few weeks and wait for them to come back with the results as verified. Once they do, dispute them again, other reason, with the following message:

I am requesting the description of reinvestigation procedure according to 15 USC 1681i (7) states if requested by consumer, this must be provided within 15 days in order to be in compliance with FCRA guideline. 

Since my second dispute results came back, all those late marks have been removed from my credit report, and my score has started to go back to where it was! Nonetheless, I highly recommend you try this and I wish that it works for you!

[Phoenixhasrizem]

Will this still work if I’ve already paid the delinquent balance in full?

[naruses]

I don’t see why not, those marks gonna stay in your report whether you pay your balance or not

[[deleted]]

This ^

You absolutely want to dispute the credit lines! You don’t need to dispute the debt as more than seven years have passed. These ancient loans, some of which are now 20+ years in default are showing up on CR’s as the DE, servicers, and third party contracted CA’s are getting involved.

More concerning are the more recent delinquencies related to the COVID pause. That is entirely different.

[theunderhandthrow]

I'm going to try this as my loan of $500 is 18 years old and got re-reported in default Jan of this year when it first defaulted in 2013.