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Direct consolidation loan- when will new tradeline hit CR

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SweetLanis
Valued Member

Direct consolidation loan- when will new tradeline hit CR

Hi ya'll,

 

I recently consolidated my 4 defaulted DOE student loans and chose GreatLakes as my new servicer. The consolidation was completed on 5/13/22. I'm trying to get an idea when DOE will report the loans as transferred, but more importantly when will GreatLakes report the new tradeline. 

 

We're about to go into underwriting on a new home so hoping GreatLakes takes their time. We needed to consolidate in order to be removed from CAIVRS.

 

Thanks for any and all feedback!

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1 REPLY 1
FireMedic1
Community Leader
Mega Contributor

Re: Direct consolidation loan- when will new tradeline hit CR

Whatever the dates were for updates on your credit report from the creditors before the loan. It will more than likely be the same date after paying off the CC's. Its all computer generated. Each company has their own update schedule pushed to the CRA's.


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