Frequent Contributor
Posts: 324
Registered: ‎07-20-2012
Re: Student Loan Rehabilitation And The Effect On Tradelines

Final Update:

 

Today I spent over 2 hours on the phone with DOE.  Here is what I have.  I had 3 loans in 2005.  I defaulted in 2009.  DOE Default Services Group takes control of defaulted loans.  They are responsible for collection, so they add a second set of tradelines for the collections portion.

 

After the 9th payment, the collections tradelines were removed.  I was picked up and now pay a servicer.  The original tradelines are now being reported at "Paid in collections" with all the key derogs.

 

So that is it.  I am not sure how some people get both tradelines deleted but only the collections tradelines are supposed to be deleted.

 

On a good note, there was an error on a tax lein that I disputed.  The lein was from Jan 2010 and paid in June 2012.  Instead of fixing the error, they just deleted the tradeline.  FICO score jumped 15 points.

Fico'08 JUN15: EQ 701, EX 711, TU 698; Clean since BK7 D/C JUN2011; Util 3%, AAoA 8 yrs, Inc=$100K. On Ice as of 01JUN15.