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Hello,
I was wondering if anyone had any insight on how government issued student loans are reported after bankruptcy discharge. I filed for BK in June 2015. When the government received notice of the BK filing all my student loans were closed on my credit report. Which I thought was odd because student loans are never discharged in BK unless you file certain motions and obtain an hearing. Anyway this caused a dramatic drop in my credit scores because those loans are my oldest reporting accounts.
I received my discharge on 9/1/15 now they are reporting "included in or discharged in BK" I know for a fact that my loans were not discharged. Is this normal reporting behavior for student loans and will they be updated once the feds receive notice of the discharge? I plan on calling them on Tuesday just to clarify but I wanted to get some initial insight first.
FYI all my loans were current and in deferment before the BK filing.
Yes it's normal for them to report like this. Mine all reported closed and new accounts were later reported (with same origin date as the closed acccounts) and payments resumed... due 45 days after discharge.
Call them.
Payments will be resuming shortly.