@Anonymous wrote:
I rehabbed and consolidated my student loans last year. My credit report shows both of the closed accounts still as negatives, which from what I've read- that's normal. One of the accounts still shows as a 120 day late though and from what I understood, rehabbing them should have taken off my lates? Is that incorrect?
Also- the last reporting date on one shows at March 2017 and I rehabbed/consolidated last year, so should it still be reporting?
Consolidation is not a rehab - did you make the full 9 month payments based on 15% of your discretionary income? If not, then the default and lateness all remain.
If you did a true rehabiliation, the collection accounts should have been removed and the accounts restored to a good standing removing any record that they have been defaulted and "paying as agreed" as the status. No lates prior or after the default are removed.
