When a loan is rehabilitated what date will be used as the "date opened" ? Do they start you off with a new date or just continue with the old one and make it current? This would be good for history purpose on you CR and if it has not been a TL will it become one?

When you rehab, you basically start off from scratch with a new 10 year loan, sometimes with a new lender. The old trade line with the guarantor is adjust to show paid and is turned positive.

*** I have seen this around the boards. After rehabilitation, the old trade line is turned positive. *** as stated above

According to Ombudsman site:
Delinquencies reported before the loan(s) defaulted will not be removed from your credit report.

http://www.ombudsman.ed.gov/rehab.html


I had 4 loans with sallie mae, 180+.. they sold to USA group (before they merged). I rehabbed with USA group.

I have disputed these lines with CRA and they were verified, so I resent another dispute yesterday. But according to ombudsman site, I maybe out of luck.

So why does everyone here say they should come off? Am I missing something or is it because they loans were sold before rehab?

Sallie Mae trades or USA Group trade lines wont change. It is only the guarantor that is required by the HEA to delete negative information.