Ok...I'm back again with my Dep of Edu/ experian mess.
After countless calls to both, I found out....
Dep of Edu has reaged my account since I paid in Full. in Feb 09.
My last payment before my PIF was May of 2000. Their records show it went into default in
1998!
I now have a glowing NEW collection as of April 09. They are not removing it.
I never thought I'd say it....DON'T PAY THEM IF IT'S OLD!!!!!!!!!!
Let sleeping DOGS lie...because lie, they will!
Sigh...this IS illegal...right? 
@Anonymous wrote:I know very little about SL so check with the SL board.
Federal student loans don't have an SoL. They are suable and collectable forever. :/
My last payment before my PIF was May of 2000. Their records show it went into default in
1998
If this went into default in 1998 it would have to be deleted from all CRs in 2005. By paying after default & not becoming current does NOT chnge the CRTP!!!
Remember approx 7 years from CRTP it can not report.
Making payments after it was COd may restart SOL but never CRTP
That's the problem. Although it can't report after 7 years, the loan (it's not like any other loan) CAN be subrogated back to the Dept of Education. At which time, the default becomes "new" and reports again. Because even though it's the same account, a claim is filed against it by the lender with the DoE.
Once a SL is defaulted, the lender notifies the Dept of Education, who subrogates the loan (popping THAT on the borrower's CRs) and then it goes to a collection agency (who, too, plops it on the CRs). Then, if the borrower rehabs the loan (9-12 monthly payments consecutively rehabs the loan), the Dept of Ed finds **another** lender for the balance of the loan and it starts all over again. And that's *another* tradeline on the CRs.
So, in the end, a borrower who defaults on a SL can have 4 entries for essentially, the same exact loan. Though usually completing rehab pulls the loan from the collection agency and the DoE (and removes those two tradelines from CRs), but the other 2 hypothetical tradelines (including the one that indicates default) still stays.
In the end, it's a twisting, complicated mess that I'll bet most borrowers wouldn't have signed up for, no matter how badly they wanted an education.
Gotta love our gubmint and how it works, dontcha?! 
Ok...first, I did put this out on the sl boards...got no replies.
Here's the long (cuz there is no short) of it. This information will show what happened when..not necessarily when I found out.
Got a sl back in 97 (perkins loan, then switched over to Department of Education)
Their records show defaulted in 98. (very likely true) I made a few payments & last payment was in May of 2000
Some time around 2003, I started accessing my reports online. All 3 CRA's always glowed for this acct. A string of gerrn OK's & always stating pays as agreed. Every month or so, it would show that I had accrued a buck or so of interest. But no bad marks.
This Feb, I decided to pay this off. When this was reported to the CRA's, Trans Union deleated this acct, Equifax first deleated & then showed paid in full/ good acct (I would check today, but that's another thread...), Experian showed Collection acct as of Feb 09.
I disputed that with EX & they say verified (although they can't really give any specifics...call, letter, email ??) Now, after the dispute, it says Collection acct as of April 09!
I have made a few calls to both agencies this morning & now it seems that the Dep of Ed has given the information that this is a paid collection as of 04/09.
This is a load! Wouldn't the DOFD be back in May 2000?? Which mean s this should be gone.
BTW...if you ever need to buy a new home phone, I highly suggest a Uniden. They can take a (likely) 75 mph hit against a 90 yo hard wood floor, lose it's battery & cover, go back together & work like a charm!!! 
Without my humor, I have nothing....
@Anonymous wrote:
@Anonymous wrote:I know very little about SL so check with the SL board.
Federal student loans don't have an SoL. They are suable and collectable forever. :/
My last payment before my PIF was May of 2000. Their records show it went into default in
1998
If this went into default in 1998 it would have to be deleted from all CRs in 2005. By paying after default & not becoming current does NOT chnge the CRTP!!!
Remember approx 7 years from CRTP it can not report.
Making payments after it was COd may restart SOL but never CRTP
That's the problem. Although it can't report after 7 years, the loan (it's not like any other loan) CAN be subrogated back to the Dept of Education. At which time, the default becomes "new" and reports again. Because even though it's the same account, a claim is filed against it by the lender with the DoE.
This account never left the Dep of Ed. I always paid THEM.
From the first time I could see my report online, it always showed up in the good accounts section.
Once a SL is defaulted, the lender notifies the Dept of Education, who subrogates the loan (popping THAT on the borrower's CRs) and then it goes to a collection agency (who, too, plops it on the CRs). Then, if the borrower rehabs the loan (9-12 monthly payments consecutively rehabs the loan), the Dept of Ed finds **another** lender for the balance of the loan and it starts all over again. And that's *another* tradeline on the CRs.
So, in the end, a borrower who defaults on a SL can have 4 entries for essentially, the same exact loan. Though usually completing rehab pulls the loan from the collection agency and the DoE (and removes those two tradelines from CRs), but the other 2 hypothetical tradelines (including the one that indicates default) still stays.
I have always had only one TL for this loan. Dep of Ed
In the end, it's a twisting, complicated mess that I'll bet most borrowers wouldn't have signed up for, no matter how badly they wanted an education.
Gotta love our gubmint and how it works, dontcha?!
@BungalowMo wrote:Ok...first, I did put this out on the sl boards...got no replies.
Here's the long (cuz there is no short) of it. This information will show what happened when..not necessarily when I found out.
Got a sl back in 97 (perkins loan, then switched over to Department of Education)
Their records show defaulted in 98. (very likely true) I made a few payments & last payment was in May of 2000
Some time around 2003, I started accessing my reports online. All 3 CRA's always glowed for this acct. A string of gerrn OK's & always stating pays as agreed. Every month or so, it would show that I had accrued a buck or so of interest. But no bad marks.
This Feb, I decided to pay this off. When this was reported to the CRA's, Trans Union deleated this acct, Equifax first deleated & then showed paid in full/ good acct (I would check today, but that's another thread...), Experian showed Collection acct as of Feb 09.
I disputed that with EX & they say verified (although they can't really give any specifics...call, letter, email ??) Now, after the dispute, it says Collection acct as of April 09!
I have made a few calls to both agencies this morning & now it seems that the Dep of Ed has given the information that this is a paid collection as of 04/09.
This is a load! Wouldn't the DOFD be back in May 2000?? Which mean s this should be gone.
BTW...if you ever need to buy a new home phone, I highly suggest a Uniden. They can take a (likely) 75 mph hit against a 90 yo hard wood floor, lose it's battery & cover, go back together & work like a charm!!!
I know I'm nagging and nitpicking, but I *have* to ask: Did you EVER see anything to the effect of "claim filed" on your reports????
What we want to know (and this is what I'd ask the DoE) is if a claim was ever filed on this loan. IF a claim was filed, that means that this is a "new" tradeline (a collection/claim) that you paid off later. You could have rehabbed it (which would have taken this entry OFF your CRs at the end of rehabbing and left you with a nice "new" loan TL), but you didn't. And you're going to pay the price (most likely) for being good and taking care of your debts without any additional help.
(I REALLY hate that crap, BTW. Seems to me that you should be REWARDED for paying the *&^% thing off in one fell swoop, not dinged for it)
Like what I said earlier about subrogating and filing a claim? The OLD loan is dead and not reporting. But the FILED CLAIM *is* reporting. That's what it sounds like to me.
And I really, really, really , REALLY do **HATE** to say that. Lord knows that not only do I like you, Mo, but I also **HATE** SL laws (they're disgustingly unfair and crooked, IMO).
This report from EX in January is a perfect example of what my TL always looked like:
Suze Orman's FICO® Kit Platinum
Student Loan Account
U S Dept Of Ed/Ndsl/At
Status as of [?] Dec, 2008
Date opened [?] May, 1998
Date of last activity [?] Dec, 2008
Date of last payment [?] May, 2000
Date closed [?] Not Reported
Account number [?] XXXXXXXXXXXXX3010
Loan type [?] Education Loan
Credit limit [?] Not Reported
Largest past balance [?] Not Reported
Terms [?] 120 Months
Account Type [?] Installment
Account holder [?] Individual
Scheduled payment amount [?]
Balance [?] Current Status [?] Past Due Amount [?]
$531 This is an account in good standing Not Reported
Seven year payment history [?]
30 days late 0 times
60 days late 0 times
90+ days late 0 times
Recent payment history [?]
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
2007 2008
Worst Delinquency [?]None Reported
@Anonymous wrote:Without my humor, I have nothing.... I had to leave this in! hehe
I know I'm nagging and nitpicking, but I *have* to ask: Did you EVER see anything to the effect of "claim filed" on your reports????
Nope.....
What we want to know (and this is what I'd ask the DoE) is if a claim was ever filed on this loan. IF a claim was filed, that means that this is a "new" tradeline (a collection/claim) that you paid off later. You could have rehabbed it never rehabbed it. (which would have taken this entry OFF your CRs at the end of rehabbing and left you with a nice "new" loan TL), but you didn't. And you're going to pay the price (most likely) for being good and taking care of your debts without any additional help.
(I REALLY hate that crap, BTW. Seems to me that you should be REWARDED for paying the *&^% thing off in one fell swoop, not dinged for it) That was my thought too! Why would 2 cra's be ok with this & ex ding me??
Like what I said earlier about subrogating and filing a claim? The OLD loan is dead and not reporting. But the FILED CLAIM *is* reporting. That's what it sounds like to me.
This loan has always reported the same. Never closed & another opened in it's place.
And I really, really, really , REALLY do **HATE** to say that. Lord knows that not only do I like you, Mo, (awww...thanks!..I like You too!) but I also **HATE** SL laws (they're disgustingly unfair and crooked, IMO). Agreed...smarmy ba$+@rd$