Re: Mohela and Direct Loans
02-14-2012 10:43 AM
When the account left your prior servicer, the "Direct Loan Servicing Center", they will report the loan account trade line as closed/transferred with the credit agencies. MOHELA will, in about 60 days begin to report to the credit agencies the loan account under our name as servicer, instead of the Direct Loan Servicing Center. Make sense? We will be sending the same loan detail that was being sent before.