Ive just finished the rehabilitation program. They rewarded me by removing the negative entries (from the same company i rehabilitated with) from my credit report. My question is, is there anyway that i can have the defaulted entries (from the original lender) removed from my credit report...

There is no legal requirement for the OC to remove the negative tradelines. Try a goodwill letter.

Dispute them.

Say that i didn't have the time to work on all these negative entries, that i have on CR. Can you txquilt please recommend a company or someone anyone who charge a decent fee. (that you know who will do a great job for me.) Please respond asap....

I'm a newb in this site. Can someone please tell me where i go to see sample letters of all sorts? Please help. Do the Psych Doc have a company that can help me with the original creditor default problems?

The OC will not respond kindly to some hired credit gun. It really doesnt take that long to right a letter to the OC, stating, "hey guys, I know I screwed up and defaulted, but I have now rehabbed. Could you please remove yourself from my credit report??" Or just look in the files for a dispute letter. Anything coming from a credit repair company will be "filed".

We do not recommend companies, nor do we advocate such an approach. The best thing you can do is to read everything you can here and begin to apply it to your situation.


Good luck.

Here's a link to the Sample Letters. You're the only one who can decide whether cleaning your credit up is worth your investment in time, but you should understand that many, perhaps most, credit-repair outfits will take your money and screw up your credit worse than it was before.

So once you complete the rehab, the TLs from the CA who you did the rehab through would be theoretically be removed...but the default TLs from the Original Lendor or Guarantor like Sallie Mae won't be removed even though you completed the rehab?
You'd have to goodwill them?

It's not the CA who this applies to; it's the guarantor of the loans. Technically, even they're only REQUIRED to remove the default notation, not the rest of the negatives. Many, if not most, guarantors, however, do remove all of the negatives (the DOE has urged all of them to do this, but they don't have to). Often, even those that remove the negatives don't remove the TLs completely (this is a good thing!) and then you have nice, older TLs on your report that are all positive.

However, no, none of this applies to the original lender. Some here have had good luck with goodwill and/or disputes to the lenders and others haven't. Certainly doesn't hurt to try, though!!

Hope this helps. Good luck!!

so just to clarify.

If one has taken out lets say a Stafford Loan for a single year, and defaults on it, there will be three negative TLs correct?

TL 1 - original lendor/creditor
TL 2 - guarantor
TL 3 - CA

So then after you're done with rehab, only the TLs from the guarantor and CAs will be listed as pays as agreed and positive?

OR have I totally missed the boat with how I'm thinking things work.

Pretty much, but not exactly (SLs are always confusing -- I think it's a requirement written into the Higher Education Act!!). For a single year, assuming that your school term is in semesters, you could have as many as four TLs from your lender (one for a subsidized SL and one for an unsubsidized SL for each semester). If you have quarters or trimesters, it can be even more. I had unsubsidized and subsidized SLs from law school, which is three years and we were on semesters, and I have 12 TLs just from my lender. They were all combined into one with the guarantor when it was returned to them, though, although I don't know if this is SOP or if that's just the way it was with my guarantor. Also, in my case, the CA never reported -- the only way they showed up on my report was when they did a hard pull when they first got the assignment, but never as a separate TL. That's TOTALLY a YMMV thing. Many have had the same experience (with CAs not reporting) and others have had their CAs report.

I don't know about the rules regarding the CA. I don't believe any of the requirements to remove anything apply to them (again, my CA never reported in the first place), just to the guarantor. Also, the guarantor may not list the account as positive in the past -- they only HAVE to remove the default notation. All of the lates may stay even with the guarantor (you could try a dispute if they don't take them off). They often do remove them, but not all do. You're right about the original lender, although I think some do remove and some do fall off in a dispute.

Hope this helps!!!

thanks it does..
i'm thinking of going to law school as well, after I get my current loan mess back in order...i figure..i'm already knee deep in loans, might as well go big and get a law degree...