Experian and HSBC

[alero]

Hello all,

 

I've got a question. I defaulted on a student loan from HSBC. I successfully rehabilitated and was bought out by ACS.

My HSBC tradeline for TU and EQ both show "closed" and "current".

My EX shows "derogatory" and "past due".

 

Would I be able to tackle this online or should I write another letter?

 

Thanks folks.

[LynnInMN]

Hello all,

 

I've got a question. I defaulted on a student loan from HSBC. I successfully rehabilitated and was bought out by ACS.

My HSBC tradeline for TU and EQ both show "closed" and "current".

My EX shows "derogatory" and "past due".

 

Would I be able to tackle this online or should I write another letter?

 

Thanks folks.

 

 

With rehab, the original creditors tradeline does not change. Only the current holder or the guarantor's tradeline is updated. Nothing you can do.

[alero]

Hello all,

 

I've got a question. I defaulted on a student loan from HSBC. I successfully rehabilitated and was bought out by ACS.

My HSBC tradeline for TU and EQ both show "closed" and "current".

My EX shows "derogatory" and "past due".

 

Would I be able to tackle this online or should I write another letter?

 

Thanks folks.

 

 

With rehab, the original creditors tradeline does not change. Only the current holder or the guarantor's tradeline is updated. Nothing you can do.

 

Lynn- I'm confused why Experian wouldn't show "closed" and "current" also. I expect and realize that all my lates will still show, but this account is no longer "derogatory" and "past due" to them after ACS became involved.

[LynnInMN]

Lynn- I'm confused why Experian wouldn't show "closed" and "current" also. I expect and realize that all my lates will still show, but this account is no longer "derogatory" and "past due" to them after ACS became involved.

 

You defaulted...the final status is derogatory and will remain derogatory until the account ages off. Why the others are showing different is a bonus for you.

[alero]

Lynn- I'm confused why Experian wouldn't show "closed" and "current" also. I expect and realize that all my lates will still show, but this account is no longer "derogatory" and "past due" to them after ACS became involved.

 

You defaulted...the final status is derogatory and will remain derogatory until the account ages off. Why the others are showing different is a bonus for you.

 

I'm almost positive that HSBC sent me a letter telling me that when rehab was done, the TL would be updated. I'll try to find it.