Re: Mohela and Direct Loans
02-14-2012 11:19 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.
I'm trying to understand what you are saying but I'm still not seeing the answer. I'm new to all of this so in simple terms...
My Direct Loan open date was 1996. When Mohela does finally report on the CRs, will it list the start date as 1996 or 2012??
Thanks for posting here!
Starting Score: EQ = 550; TU = 491(2/10/12)
Current Score: EQ = 592; TU = 574(4/10/12)
Goal Score: 700+
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