Re: Massive confusion about student loan rehab outcome.
04-30-2012 12:44 PM
omskillet - I am not defending A, B, or C's stance.
But I do agree that A does not have to remove the lates. They are reporting accurately.
B could have left the tradelines on there. You can call them and ask them to report the TL with a positive history. (I'd be careful with that one though. I'd hate to see any negatives come back from B.)
C is reporting it as a new loan, all good. Although it hurts the AAofA right now, in the long run, its going to be a better help for your score and linger long after the old TL drops off.
I think - and I could be wrong - that if the A still had the loan when you rehabbed it, THEY would have cleared away the negatives when they sold the loan after rehab. That is what happens for a lot of people - that their original lender still has it when they rehab. B should have explained that to you.