I had a SL I defaulted on in 2000. They started reporting on my CR in 2000. In 2002 they filed a claim for the insured money thru the government in 2002 then the gov't reported on my CR in 2002. The loan was consolidated thru Direct Loans in 2003 and i've been paying since. My question is....

Is this the correct way they did it or are they bound to my original defaulting in 2000??

Nope, unfortunately, they did it correctly. SLs have an exemption to FCRA written in the Higher Education Act (HEA). I think there's a link to it in the stickies above; if not, just do a search on this forum.

Hope this helps (even though it's probably not the answer you wanted at all!). Good luck!

Yep. That answered my question.....unfortunately. Thanks for the help.