Old student loan incorrectly listed as BK

[diamond dave]

Several years ago I had a student loan to the tune of about $12,000. I originally got it from ConCern Loans for Students(?) This was about 13 years ago, I don't remember all the details. Over the years I paid it down to about $3500. It was serviced for awhile by Wachovia, and then EAB. About four years ago EAB stopped sending me statements. I called and asked them what the problem was, they had no explanation. Not having a statement (and having my wife pay the bills) meant that I fell behind a few times, but not seriously. At first they would send me a friendly reminder letter, followed sometimes by a phone call. After a few months, even this stopped. The last thing I got was a letter from Citibank stating that they were taking over the loan. Having no statements, and not knowing where to send the payments to, I stopped paying. No further correspondence was received, no bills, no collections. When I recently pulled my credit reports all three showed Citibank reporting the account included in bankruptcy as of 9/01. I DID have a previous BK (chapter 7) back about 9/98 but this loan was NOT a part of it (they wouldn't let me discharge it at the time).

 

My question is this: should I dispute and hope for complete deletion, since this account was very obviously screwed up badly by EAB and Citibank? Or should I go for reaffirmation or rehab in the hopes that it would show as a positive (NO lates were ever reported). I have no problem about repaying this debt if they worked with me. Or should I sit on it, since they may remove the BK notation but turn it into a chargeoff, making things worse? Sorry this was a little longer than expected, but I hope to receive some advice. Thanks.

[diamond dave]

Just to add - this was NOT a government loan.

[diamond dave]

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[jaytee]

you cant even have student loans in a BK unless you were under absolute extreme deathly circumstances. its not correct. if you dont mind taking the chances of loosing the tl then you should simply dispute it with the CRA's. you just need to say that its obviously not in BK and it is paid as agreed. also you should rehab the loan and make sure you pay it off because you dont want it to turn into a CA.

 

maybe get another opinion about which order though because if you do have lates in the OC's system, disputing it with the CRA's might cause them to report those. or you can call and rehab first and make sure lates are not in their system.