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It likely won't get deleted. You may get the balance dropped to $0 and have it marked closed. Just because it's paid in full doesn't mean that it's wasn't sent to collections or wasn't 120 days past due.
If it went to collections, yes. There's the original defaulted TL, and then the collection. This is why it's imperitive to pay things before the go to collecitons, or get the OC to recind the collection and pay them directly. Collections = at least two negative TLs for the same account.
If you paid the original account holder of your loan in full. They should contact the collection agency or you can prove that you paid it in full to the collection agency and have the collection removed then. The 120 days late would stay on the account. Because if the original account is PIF there should be no reason to need to pay it again. Unless the collection says paid, then it would stay.
@Skye12329 wrote:If you paid the original account holder of your loan in full. They should contact the collection agency or you can prove that you paid it in full to the collection agency and have the collection removed then. The 120 days late would stay on the account. Because if the original account is PIF there should be no reason to need to pay it again.
A CA isn't required to remove a collection just because the OC was paid directly if it had collection authority at the time it was paid. The collection just has to be listed as a paid collection.
Most student loans are broken out by dispersement. Was your loan dispersed in two payments? My original loan was recorded as 7 individual tradelnes.
If you want to try and remove the lates on the paid loan you have to send the reporting entity a GW letter