02-14-2012 01:23 PM
Due to issues surrounding the transfer/conversion process, MOHELA will report to the credit bureau within 45-60 days of the loan account loading to our servicing platform. After this point, MOHELA then reports to the bureau every month.
02-15-2012 09:39 AM
Mine just hit the bureaus today. I was discussing the drama in this thread.
Looks good so far. On a side note, the original loans were consolidated on my CR. Mohela broke it back up into 3 loans, all with a start date of 9/2001. My AAoA shot up like a rocket and my score went up 20 points!
02-16-2012 09:08 AM
02-16-2012 12:53 PM
It should be from the day your loan was "loaded to our servicing platform for servicing". Technical, but very important. We can't report on the account until it appears on our servicing platform.
03-06-2012 09:16 AM
03-06-2012 01:50 PM
I wish AES, Citi bank, PHEAA, USA Funds were as ethical as MOHELA
03-09-2012 03:05 PM - last edited on 03-09-2012 03:09 PM by fused
He is saying that it is now a new loan, but it is only one line of credit since you did a consolidation program. This means that it will reflect as a new account, but only one new loan. The other six will report as being closed and paid. This is all good for you and your credit. Congratulations. If you want to know any other information about student loan consolidation programs, you can go to this site. They have some amazing articles that could answer a lot of your questions. Mod Cut!
Spamming is not allowed in the forums. I have removed the link in all of your posts.
--fused, myfico moderator
03-09-2012 11:36 PM
04-26-2012 01:16 PM
Thanks so much for this answer. My loan was just transferred to Mohela. Though last October for some reason my loan started reporting as closed to the credit bureaus (totally messing up my credit). I had just mailed them a letter to fix it and was waiting for the bureaus to update....but now I have to wait longer to be sure it's updated with Mohela. As someone who made some horrible mistakes and has rebuilt their credit, that payment history is incredibly important to my credit right now.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.