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FEDLOAN SERVICING - How do I delete

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Jaymes
Established Member

FEDLOAN SERVICING - How do I delete

In preparing for the the loan forgiveness and FreshStart, both of which I plan to sign up for, I decided I need to deal with FedLoan Servicing, especially in light of the fact that they are getting out of the servcing biz.  They are currently on both my TU and EQ reports (eigh TLs each) even though they transferred my loans out in December 2019.  

 

I was under the impression that once they tranfer it out, they had to delete the TLs; am I wrong? Otherwise, theoritically, you could have five or six servicers reporting the same loans.  

 

DOE is reporting each of these loans as well, with a balance.

 

TU is showing: updated 12/19, closed "Account closed due to transfer" and "Transferred to another office."  Remove date 12-2025.

 

EXP is also showing zero balances acorss the eight TLs and "Status over 180 daqys past due" and Activity description "Transfer or sold."

 

Should I delete these and, if so, what should I claim (I.e., reason for dispute).

 

Thanks in advance.

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1 REPLY 1
Cowboys4Life
Frequent Contributor

Re: FEDLOAN SERVICING - How do I delete

Unfortunately they are reporting correctly.  You are incorrect that once transferred they were required to delete them.  As long as they show transferred and a zero balance that is accurate.  Focus on rehab and the highly controversial forgiveness program.

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