do I have a resonable reason to dispute the report? seeing as i was 17 at the time? I do not owe for my scholarship, only the tution, room and board to the school. would any lawyer take my case or would they just tell me to wait it out? Also if the account is charged off, would the school i owe barre me from going to school there until i pay?
what i meant by disputining was the contract part. they called it an eduacation loan on my credit report, I was wondering how effective disputing this to a credit bureau would be on the basis that i was a minor. could i dispute the tuition but not the room and board? also once the 7 years is up and this comes off, will any of this show up on my credit report?
I mean any of lt as in the account was charged off and delinquent.
what i meant by disputing was the contract part. they called it an education loan on my credit report, I was wondering how effective disputing this to a credit bureau would be on the basis that i was a minor. could i dispute the tuition but not the room and board?
A: The CRAs don't care about your being a minor. A CRA is not a court. All the CRA will do is to attempt to validate the debt with the debt collector. If the debt collector states that the debt is valid, then it will remain on your account, and you will have to sue both the debt collector and the CRA. At that point, a judge may decide that the debt is not an education loan. But, the CRA will not attempt to make this distinction.
So, the answer to your question here, is that unless you intend to actually sue the CRAs and the debt collector for violation of 15 U.S.C. 1681n or 1681o, then your dispute will almost certainly fail.
In my opinion, your status as a minor, at the time of the original transaction, is probably irrelevant. The issue is whether or not the tuition, room and board represent an educational loan, because if they do, then the debt is not dischargeable, regardless of your status as a minor.
also once the 7 years is up and this comes off, will any of this show up on my credit report?
A: Yes, even if it is an education loan, it will be deleted after 7 years.
Hope this helps.
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