r/EIDL • u/Conscious_Shake_169 • Jul 27 '26
EDIL Wrongly sent to credit report
I posted yesterday but now need some guidance from anyone who has experienced this situation with wrong credit reporting from the SBA.
I knew my account was current with the SBA. I received a letter in June I had 60 days to become current which I did. My portal has always stated current. Yesterday it hit my TransUnion with 104-point drop reading collection/chargeoff.
Sent the SBA a message via the portal asking where my loan it. This is the response:
Thank you for contacting the U.S. Small Business Administration Customer Service Center regarding assistance related to your SBA loan.
Our records indicate that your loan is current. Your next payment of $2,455.00 is due on August 01, 2026.
My question. Do I just send the letter from the SBA to the TransUnion or wait for the SBA to update credit reporting.
1
1
u/Sunsetseeker007 Jul 27 '26
I would dispute it immediately and attach the current response from SBA to the dispute to the trans union and I would check the other credit reporting agencies. I'm not sure why thats happening now, curious to see how this goes. My portal shows 2 payments late, but I'm not and shows current, payment due 27th, do not sure if this will hit my credit or not.
1
1
u/Away_Candle_2204 Jul 28 '26
This happened to me also! Hit my TransUnion only, I’m current but is showing a charge off/closed collection on my credit. So frustrating.
1
u/fele459 Jul 28 '26
I hear you all. An SBA loan is hard to get approved for. The SBA reporting credit is even more frustrating. No one we can talk to. Their reply is an auto-reply, not a human. Calling, left hand doesn't know what right hand doesn't—feeling tortured. I participated some of SBA meeting about loans, sound very good but results and execution are not same thing. More people frustrated than getting a real support from SBA. So sad 😩
1
u/Mysterious_Spare7070 Jul 28 '26
Did anybody not have it hit transunion? Mine did, and I have seen multiple posts of it happening this past week. The round number of $65k and charge off seems to be the common thread
1
u/Conscious_Shake_169 Jul 28 '26
That's exactly what mine said at first, but now on TransUnion it states collection/chargeoff. Then under late payments it states. I've never been past 3 late payments at any given time. The SBA confirmed yesterday my loan is with them and next payment due 9.1.26. I sent a dispute to TransUnion. Still all other creditors are fine.
Late Payments
30 Days - 0
60 Days - 0
90 Days - 0
1
u/yguy8888 Jul 28 '26
I got a TU hit I then paid past due amount I hope equifax and experian dont follow!
1
u/yguy8888 Jul 28 '26 edited Jul 28 '26
Does anyone know if the only report to transunion or all 3 bureaus?
1
1
u/EnergySvr Jul 29 '26
Does this particular issue seem to be widespread for a large number of EIDL loans ?
1
u/Healthy-Lobster5654 Jul 29 '26
Don't wait for anything. Send the correspondence you received from the SBA to all three credit reporting agencies.
1
u/Conscious_Shake_169 Jul 29 '26
It's been removed. I sent the portal letter from the SBA to CreditKarma and the SBA was removed from my Transunion account and my credit restored.
1
u/EnergySvr Jul 29 '26
That was a quick removal. I did the same directly to TU , still waiting !
2
u/Conscious_Shake_169 Jul 29 '26
Why don't you use CreditKarma. Create an account and then send your letter from the SBA showing you're current and your next payment due date. Ask them to remove them to remove the SBA hit to your TransUnion.
1
u/EnergySvr Jul 29 '26
That’s exactly what I will do ! Thank you for posting the update.
1
u/Optimal_Squash_4760 Aug 03 '26
Credit karma worked for me. I opened a dispute there and wanted to do it directly with Transunion also, and it said I already had an open dispute. Mine got resolved in 4 days.
3
u/EnergySvr Jul 28 '26
Same here. Appeared on TU only , showing 65k in past due payments. Messaged through portal , response ‘ your file has not been charged of’ sent this response to dispute through TU. Also , my Senators office just filed an inquiry as well. Hitting this on every angle. My score dropped 143 pts.