Private Student Loan Modification after Chargeoff Mohela to Mohela

[goessljg]

Hi all Happy Thanksgiving!

I am so grateful for this forum, i think this is my first post, I had my credit wrecked after perfect credit due to a health issue 6 years ago and this website has literallly changed my life so thank you all!

Today's post:

I had an attorney negotiate a settlement for amended private student loan agreement that was previously listed as an installment tradeline "charged off; transferrred" withs status "closed" with a date on my transunion report after I had a health issue in 2017, couldn't work and had one 30 day late, one 60, and 9 consecutive 90's prior to charging off. 

This negotiated settlement incorrectly shows as a new installment loan for the correct amount, same Mohela account number (Mohela/Sofi transferreed to itself, Mohela Pathways), same opening date 7/15/15, with updated modified payment and reduced interest to 3%.  The new tradeline is still in the installment category of my TU report, not listed as a collection, nor ever listed as late. 

Question:  is asking transunion calling for US Based Dispute team to remove the original (with the lates) Mohela/Sofy tradeline a bad idea?  i've gotten nowhere with mohela really on the phone with MOHELA Pathways after our agreement was signed and the way they reported this is bizarre and duplicating the same loan when the docs say this is explicitly a modification to the original loan docs, not a new loan, and since they are collecting interest it is by definition rev generating.  Let me know your thoughts!

[gdale6]

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@goessljg wrote:

Hi all Happy Thanksgiving!

I am so grateful for this forum, i think this is my first post, I had my credit wrecked after perfect credit due to a health issue 6 years ago and this website has literallly changed my life so thank you all!

Question:  is asking transunion calling for US Based Dispute team to remove the original (with the lates) Mohela/Sofy tradeline a bad idea?  i've gotten nowhere with mohela really on the phone with MOHELA Pathways after our agreement was signed and the way they reported this is bizarre and duplicating the same loan when the docs say this is explicitly a modification to the original loan docs, not a new loan, and since they are collecting interest it is by definition rev generating.  Let me know your thoughts!

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Well you can try but the cra is highly unlikely to do anything. You have to go after them with goodwill letter requests and it may take sometime but dont give up. Welcome to the board!

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Sto...