Is this acceptable???

[XxX2]

I have a student loan i defaulted on in 2000 and consolidated it w/ directloans in 2003. It was still listed as open so I contacted them (ACS?SunTrust). They put closed but also added it as chargeoff/collection for 9/2007 (the little boxes w/ the month below them on TC and others are all blank except for 9/2007 which has a co). Is that allowable? They were paid in full in August of 2003. Them doing that dropped my Ex score by 73 points. It hurt.

Edited October 2, 2007 by XxX2

[LynnInMN]

Oh yeah, this is standard. You defaulted and it is required to report as such,regardless of the fact that it was paid off by consolidation. The tradelines remain for 7 years from the original claim paid date of the default.

[XxX2]

So even though they were paid in full as of August 2003 they can put it as collection/chargeoff in September of 2007?