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.

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.

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