Need some advice

[Breakthecycle2]

I had a defaulted student loan with ACS/California Student Aide which was sold to Edfund. I successfully rehabbed it and it was transferred to SunTrust last month. Edfund held up their end of the bargain by deleting their two entries. The problem is, I have emailed and faxed ACS numerous times. The only response I get, it to call Edfund. Knowing this is wrong, I called anyway and you guessed it, they said they cannot do anything. Is there anyway I could get the original ACS mark deleted, being that it did technically restore?

Message Edited by Breakthecycle2 on 10-10-2008 08:05 PM

[Breakthecycle2]

Anyone?

[LynnInMN]

Unfortunately you are stuck with the ACS tradelines until they age off. Under the terms of rehab, only the guarantor must change or delete their negative tradelines.

[Breakthecycle2]

I understand that, but there is really no way for them to GW it off? Edfund said it would be possible, but only if I was able to speak to a manager, which I have had no luck in doing.

[Breakthecycle2]

Anyone?

[Nectarine]

You can try to GW it (anything is worth a shot!)

All you'd lose is the cost of stamps, I'd really recommend it.  If you can find a person to address it to, that would help a lot.  The general credit forum has a lot of useful articles on GW-ing creditors, including student loan holders. 

[Anonymous]

GW is the way to go for now

What interest rate do you have ?

Anyway, we are headed for record Education Loan defaults.

As a result, lenders will be more open to being nice to those who actually pay there loans.

Already there is some discussion of bail-out for this sector of the credit market too.

with so many recent grads towing $50K and above in student loans and working at McDonalds, its not so bright for lenders