richmc wrote:
No the default on the AES TLs did not come off. Only the TL from NSL which is basically the CA in this case.
NSL is the guarantor of your loan...they paid the government default claim. CA's are hired by the guarantor.
The original TLs do not come off. The original lender is under no obligation to remove.
Not sure if I was told the truth or not but the guy handeling my rehab said If I wait 2 or 3 months after I am paying on the new TL (the Suntrust one) that I should go back and dispute the AES TLs. He said since they have been paid, they normally do not verify since they would be wasting time on something they have already been paid for by the government and the TLs would get deleted. He claimed that is what most people that go thru rehab do.
Yes AES does verify. Federal law requires that they report accurately and that includes verifying.
Again this is what he told me so I do not know if this is true.
I due have a valid reason to dispute those three tradlines. They all show current status as +120 days past due when they should read current status as Paid,Closed/Collection account.
Of course that really won't help my scores at all unless they do not verify and they delete.
Nope. It is your final status at the close of the account that is report. That is the way all student loans have reported for years.
To be honest I am tired of dealing with the SL altogether. If I hadn't gotten medically discharged from active duty it would never have been a problem. Now thanks to Arrow Finacial, I may soon be in position to to either pay off completly or may take the total due, drop it in a seperate saving account(so I make some interest off it) and set the autopayments coming from it. That way I do not even have to think about it again until it is paid in full and will have the aged account to counter the negative ones.
Message Edited by richmc on
08-15-2008 01:26 PM
