I am helping my fiance work through her bad credit. We took advantage of the student loan rehabilitation program, completed it, and are now making monthly payments on all her student loans. We've recently pulled her credit report from Experian (We actuall pulled from all three throughout the process but Experian is the most recent) and we noticed something. There are some of her accounts (not the student loans) that state a date that the account will be removed from the report, but none of her student loans that bounced around the different agencies before we completed the rehabilitation program said when they were coming off.
After we finished the Loan Rehabiliation program her loans were sold to valid creditors and each of them have their own lines on her credit report showing a status of OPEN/NEVER LATE and all the other TLs show those accounts as CLOSED/TRANSFERRED with a recent balance of NA. I've done a fair bit of research on credit since she finished the rehabilitation to get a full understanding of what will and will not be removed from her report, but my question is this: Since we finished the program and the loans were sold back to valid creditors (3 to Sun Trust with AES and 3 to Dept of Ed Sallie Mae) will all the previous TL that are currently reporting as Transferred and closed be removed from her report 7 years after being Charged Off, or will they continue to be posted until 7 years after we finish paying the debt off in full with the new creditor?
