Should I Remove or Correct a Student Loan on a Credit Report

Today we're talking about how to determine whether you should update or remove a student loan reported negatively on a credit report. You can find the student loan mini course at https://vault.my740.com or if you'd like to see if I can do a credit sweep for you, head to https://my740.com. 🔮 SUBSCRIBE TO MY CHANNEL 🔮 https://www.youtube.com/c/ExpertCreditSweeps?sub_confirmation=1 ✨ Check out all 3 credit reports and scores with the same credit monitoring I show in my videos and use for my clients with IdentityIQ: ✨ https://member.identityiq.com/help-you-to-save-money.aspx?offercode=431134PT 🦸‍♀️ DFY credit sweep service free consultation 🦸‍♀️ https://my740.com Let's jump on a call and see if I can help! ⭐️ Video Notes: The first one is they count is paid in is older than all other accounts, what you're going to want to do is leave the account why it's really simple. You don't want to change scorecards, and you also don't want to change the total length of credit history as well as your average length. Right. So what you're going to do is to leave the account and try to clean it up dispute the oldest late payment that you can see, and just try to get them to legally verify it, they're not going to be able to because the only way to legally verify a late payment is for them to furnish a copy of their the furnishers. Second one is they count is unpaid and the oldest account on the credit file. So this one's a little bit involved, but because they count as unpaid Normally, you would remove it however, because this is the oldest account on the credit file, you'll need to decide if removing it will jeopardize your credit score, right. So if you decide to dispute it for removal, there's a couple of different ways you can do this. Go after the first date of delinquency, 90 day late payments if there are no 30 or 60 day lates prior to that, and then you can go down the pyramid method with like the date last active date last paid so on and so forth, right. If the account shows 90 late payments without 30 or 60 lates. And there's less than six to seven sets. And there are also positive payments after you relate meaning that the account is not currently late. So you can normally dispute this for update or correction meaning that you know, it's like magic, just remove those late payments right. Number four, they count ends in late payments, there's no on time payments after the late and or the count has been sent to collections and or has been transferred or sold due to an unpaid balance so there's no way around this you got to remove entire account there's no way to update an account that ends in late payments, okay, don't even try to do it because the status like let's just say 120 days late 90 days late charge are transferred so on and so forth, it's not going to change regardless of whether they remove that late payment history so it's going to do nothing for you. So what you could do is go after the late payments as mentioned before but ask for deletion for an accuracy instead of correction or update or you can just treat this as you would a regular charge off and I have tons of videos on that next one is the account is unpaid and is not older than the other accounts and report six plus late payments like 90 to 120 days late Do you mean 180 days late so it's more than likely the best option to delete the account kind of with what we've already gone over because the payment history and account will not change and more than likely will not result in a on what you want with your credit score. Number six that count is paid and is not older than the other accounts and report six plus late payments 90 to 180 days late or the status is harmful like 120 to 180 days late transferred sold delinquent etc remove the account okay it's not going to do for you to keep on your credit report like just get rid of it now yes student loans are very very very difficult and that is why we're going over this next one that count is charged off sold transferred due to an unpaid balance currently late without plan to pay. Last one: this works because the only way to legally verify late payments, as I mentioned is for their bank to furnish their