@2fast wrote:
I had some past due that led to Mohela charging off the debt back in 2019. I reopened the loans with Aidvantage last year and 4 of the 5 from Mohela fell off my reports a couple months ago. One remains, shows Aidvantage and the correct amounts, but also shows several 180 day lates from 2019 and one from October 2022. What would you advise I do? I disputed with equifax and they came back in an hour with it verified.
Let me know your thoughts.
Thanks!
You have two seperate things going on here.
They didn't re-age the debt. For the folks at home, student loans aren't like consumer loans in that the companies that service them don't own the debt so a charged off loan can still be transferred to a new servicer. When the loan moved from MOHELA to Aidvantage, all the old late payments followed the loan. Those 2019 lates are still within the 7-year window, so they stay until 2026.
The 2022 late is its own separate delinquency, not a reset of the old ones. Equifax verifying in an hour just means their system auto matched what the servicer sent. No actual person looked at anything.
I'd recommend:
Pull the full report from Annual Credit Report (it's free once every 7 days and accurate) and check the DOFD (should still be 2019).
If the 2022 late is wrong, dispute it with Aidvantage directly, not Equifax... and escalate to CFPB/FSA Ombudsman if needed.
