Source
r/personalfinance•
DiloSpit

$0 balance on a Perkins student loan showing open on my TransUnion credit report. Is this a problem?

Credit

I recently ran a TransUnion credit report that showed I had 2 open accounts, which was odd since I only knew of 1 (my credit card). Turns out the second "open" account was a Perkins student loan with a $0 balance. I'm positive that I paid it in full over a year ago, so I know I'm not on the hook for anything.

Is this something negatively impacting my credit that I should try to get removed from my report? I have many other closed federal student loans (including other Perkins), so I'm not sure why this one in particular is hanging on.

If so, who should I start with? TransUnion? My loan servicer? My college?

I appreciate any advice!

Posted Jun 8, 2019, 3:39 PM UTC

15
AutoModeratorMOD•

You may find these links helpful:

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1
DeluxeXL•

Are on-time payments still being reported even though there is nothing to pay?

If you want to get this solved, the loan company is the first stop.

1
DiloSpitOP•

The payment history doesn't show anything after the last (and final) payment I made, so in that regard it looks closed like the others. It's just listed under the "open" accounts section of the report.

1
ahj3939•

Worst case it has no impact, best case it's actually helping your score.

I would not try to get this corrected. If you dispute the account on your credit reports you run the risk of it getting removed and that certainly would hurt your credit scores.

If you're concerned about your credit scores or want to boost them I would look into getting a 2nd credit card.

1
hawwkfan•

My wife has the same thing. A $0 balance loan from college that says its still open and its been that way for years.

We don't worry about it. Just keep an eye on your credit report for any changes.

1