My First post on these forums. Thanks to everyone who has helped me while I lurked in the shadows! Finally I can contribute something worthwhile to these forums.
I do have expierience with the AES program that I believe they referred to as a "rehabilitation program". I as so many on these forums had not paid my loans and had been in default a couple of times on my student loans in particular. They offered me this program that worked like this:
1) They wanted a new payment amount that was higher than the previous one to help me catch up. Mine was about a 50% increase.
2) They agreed that if I allowed them to auto deduct this payment for 12 consecutive months that they would erase my previous negative histories and turn the payments back to me from auto-deduction within 4 months after completing my obligation. One stipulation was that if I ever fell 30 days behind again they would re-report all the negative history.
3) I did as agreed and never missed a payment. As a matter of fact paid the debt off early.
4) They uphelp their end of the agreement and my loans show a perfect credit history dating back to 1994!!!!!!!!!!!!!!
Here's the kicker of the whole thing. This debt was sold from one lender to another in 2003 with the same account numbers except for the last digit going from 1 to 2. The original still reported all the negative history so I had the same account showing for the same period of time however 1 showed perfect payment history while the other one showed horrible history until sold in 2003. They did as agreed however I wasn't satisfied. I called AES and said they didn't hold up their and they said they did after explaining it to me. I explained to them that isn't the way I understood it. I continued to sweet talk them and after speaking to a supervisor they agreed to update the sold accounts as well. I now have in my possesion copies of letters to each of the CA's saying please remove all negative entries off these accounts. These were supposed to be mailed to the agencies but apparently EX and EQ have chosen to ignore them (TU updated accordingly), so in tomorrow's mail there will be a letter to the CA's with proof directly from the OC.
When all is said and done I will have turned a horrible credit history on these accounts of 14 years in to a perfect one! I had a score arround 360 in late 2003, 530 in the summer of 2006 and through this work and other's I am in the high 600's on all bureaus. Once I get these updated and my last charge off falls off my report in April I'm sure I will be in the lower to mid 700's.
Sorry but I don't know off the top of my head who I talked to.
