Is this true? What law supports this claim?

[img]http://images.snapfish.com/339%3A298323232%7Ffp58%3Dot%3E232%3A%3D458%3D62%3A%3DXROQDF%3E23234%3A7%3B49%3A76ot1lsi[/img]

what does the letter read? it's hard to see when i zoom it in.

are you trying to get a delection of a derog when you consolidated your loans? i may be trying to do the same thing. my loans were in default and i consolidated via william ford and am waiting for them to update the tradeline or delete the entry that showed USA funds as a derogatory mark.

Jon

It is correct that Direct Loan Program is exempt from FCRA and FDCPA. It is part of the HEA (higher eduacation Act) in one of it's numerous reauthorizations. Direct Loans is not a collection agency. If you go into default your loans are transferred to a CA and they would be covered under FDCPA I believe.


fla-tan

Fla-tan,
Thanks for the clarification. Actually in my letter to them, I never quote the FDCPA, as I know they were the OC. I have a defaulted loan from 96/97/98 that is off TU and EX....EQ has listed "currently 120 days past due" with a zero balance and $0 past due. They've been verifying left and right when I dispute.

What rights are given to the consumer in the HEA regarding matters like this? Actually, I do believe I need to chase this collection arm of the DOE....I spoke to them on the phone and they are indeed the listing party.
I think it's past the 7 year mark from initial delinquency, if not really close.....

No luck with Ombudsman's office either....Any suggestions?

thanks....

fla-tan,
Is the Dept Of Ed exempt too? So they can just report any old damn thing they feel like without even a trace of evidence and leave us with absolutely no recourse?

Lester,
That's what it sounds like to me.... :twisted: