Hello everyone, I usually interact on the Rebuilding Credit threads, and I am new to the Student Loan threads. I'm hoping someone here can help me make sense of Student Loan Rehabilitation.
Let me start by saying I started the rehabilitation process back on February 10, 2020, and I have made two payments thus far. I have 7 student loans, all of them originally with Nelnet.
I checked my Experian report this morning, and the original 7 Nelnet loans are there, all of them marked as "current" with a $0 balance due and the corresponding lates that led to default. This makes sense to me; they were charged off and placed in collection.
But, 7 new accounts appear, all of them from "US DOE GSL/ATL," each with their own outstanding balance marked with the full amount being past due. There is no indication of the payment arrangement I made with the DOE for my 9 rehabilitation payments, each loan simply says "$x,xxx past due," and what's more is that it's marking late payments for March and April on each of the 7 new TL's, even though I've made my payments in full and on time as per my rehabilation agreement.
Is this standard when rehabilitating loans? When I read that "the default notation will be removed from credit reports once rehabilitation is complete," does that mean these 7 NEW trade lines will be deleted, along with their late payments, or do I have to eat 63 fresh late payments over the next 9 months and have 63 extra late payments for another 7 years? Please help!
