I recently began the tedious task of repairing credit that has been ignored for far too long. I've sent out some GW and PFD letters, but am running into a road block with my defaulted student loan.
I spoke with someone at NCO about my loan in March, and we agreed that since my upcoming tax refund would be covering almost all of it, we'd wait til that was applied and then I'd contact them to take care of the remainder. In the mean time I discovered myFico and started researching what I could do to have this problem actually deleted. Unfortunately, this was the first time I heard about Loan Rehabilitation for student loans, and now my remainder is only $190. They won't start a rehab program unless the debt is over $300 and everything I've read about student loans is that they will not PFD.
To top it all of, my ONE student loan is being reported 3 times with each CRA, so I'm basically looking at trying to fix 9 derogatory marks. 2 of them (across all 3 CRAs) are being reported under the same account number, and the other is being reported with my SSN as the account number. Although NCO is servicing the debt, the Dept. of Education is actually reporting. I haven't consolidated any loans, so I really don't know why it would be reported this way.
Does anyone have any suggestions on how to make any of this just a little bit better? Is it legal for them to have duplicate reports on my CR like that??
