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Credit Report Question?

I just checked my credit report. I had taken out student loans which when I graduated consolidated and now pay through chase. I noticed on the report that the original company I took $ out of still had it listed that I had a balance of $27,125. That in fact (which I called up about it) was paid in 2005 when I consolodated. I immediately called up transunion to report this error. Do you think having that shown up, which in reality is there 2 times (one is this error and the second one is the actual one im paying) is affecting my score? Once this is resolved will my score change? Or does it have no affect? I was reallly concerned that was there because I am going to be buying a house soon and I dont want them to think I owe and extra $27K that I dont. Advice please :)

6 months ago - 1 answers

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By the balance being on your credit report it is lowering your available credit to debt ratio. Once the amount is updated to the zero balance your credit score will most likely go up. Depends on what else you owe, and your payment history.

by Dixie Darlin'

6 months ago

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