I am really excited as this was the only negative left on my reports. Last payment was made today and I think I read somewhere on here (can't seem to find it) that there is either a 60 or 90 day deadline in which they have to change the negative tradelines into positive? There are 2 tradelines, one was the original tradeline and the 2nd was the collection account.

I am hoping its only 60 days because I can't wait to have a flawless credit report! What happens after the 60 or 90 days if the tradelines dont update? Do I dispute?

Thanks!

*update* ok I looked a little further and found that they have up to 90 days =(

I sure hope it wouldn't take them that long, knowing its weighing on somebodys credit. Oh well, I guess I'll just have to be patient. Another question I had is, do they change the tradeline from negative to positive and it stays on your reports OR do they just delete the tradelines? I am kinda hoping that they just change it because according to EQ it is my oldest tradeline. It was through direct loans btw.

They have up to 90 days from the date that your rehab funds, not the date of the 9th payment. Only your guarantors tradeline will update to positive....the original tradeline will remain as is.

Can't you dispute the original tradeline after rehab completes and it will be deleted? There was another thread from feb where the person disputed and it got deleted.

Also, if you rehab the student loan does it extend the date that it would have come off the reports? The original TL was due to come off this year before I started rehab but i noticed they have updated the original TL as if I have been paying on it. Does this reage the original? I can still dispute as obsolete in a few months right?

I just pulled my credit reports and im a little ticked. For some reason, the collection account is scheduled to come off my reports before the original TL????

I am pretty sure the original TL got reaged since its impossible for the original to be newer than the collection that resulted after the original went to collection???

I am really upset now, on TU it says my original SL isnt due to come off until 2010? It was opened in 2001 how can that be??? It was first derog in 2001. 9 years??? Im 100 percent sure that both the collection and the original were scheduled to come off this year had I never touched it, but since I read it was better to rehab, I paid on these accounts and the balances on both TL have updated and im pretty sure the original reaged. What can I do to get this off my reports???

Hey there,

You have to understand that the damage that a defaulted student loan does to your credit would have been the least of your problems. Having been there, I'd rather owe the mob then owe the federal government. Seriously.

Bumping this to get more input on your situation. One thing I will say is that student loan debt is quite different from every other.

Hey stryker, thank you for taking the time to reply to this topic. I am trying so hard to find a way to get this one and only negative TL off my reports. I thought rehab would do it but I guess I didnt read enough into it. This tradeline has been hanging over me like a dark cloud for the past 7 years almost, and now it seems like it could be another 2 and a half before its gone. Hopefully somebody who was successful in getting something like this deleted will come along and give me advice. Thanks for responding. =)

DOLA and when the account was opened has no relevance in student loan reporting. Everything is based of the claim paid date

I'm a little confused by your original question, but if I were to guess I'm assuming that you have one old tradeline from your student loan that includes late pays (before it went into default) as well as a 2nd collection account (after default). If you rehabbed with the company that has the open collection that is the only one that will definitely be affected by the rehab. Either way, they will not make a trade positive they will simply delete it.

Thank you for replying helcat. To answer, I had one single SL 7 years ago that became derog 6 years and some odd months ago. When it went into default, a 2nd tradeline (the CA) started reporting. On all of my reports I pulled last year, both TLs for the same debt were due to fall off in October of this year. Pulled my reports after I just made my final rehab payment and both accounts reflect payment (the OC updated as receiving my rehab payments???) and now somehow the OC is due to fall off later than the CA, even tho the CA came along way after the first derog on the OC.

My question is this, when is this small student loan going to get off my reports? I cant seem to find an answer or get one. They have reaged the original account Im pretty sure since now it has a removal date of 2010. Is there nothing I do with an SOL obsolete dispute to get this off my reports or do I have to linger in bad credit jail for years and years? Since it is a student loan, they can do whatever they want and not have to follow any rules?

I mean they are updating payments received and they are even reporting as open on one of my reports. I never sent them anything. The OC has never gotten anything from me in 7 years. Its even reporting a recent 30 day late and the account was supposedly charged off years ago. There are several wrong updated entries on the TL (DOFD, etc.) If a tradeline is not accurate, how can it not be disputeable? If its a federal loan all bets are off and they can do whatever they want? I would think with all the intelligent people on this site somebody would dare to think up a dispute that could get this TL removed.

If anybody can help me in doing that, I would be willing to donate $1000 to the charity of their choice in their name and be extremely grateful. I hope somebody can help me. =(

The claim paid date? is that when the amount, out of rehab has been paid off? After that happens, when does it come off the reports? 7 years after that?

I am confused because when the CA contacted me about rehab, I asked my case worker several times to be sure if all the derogs from this student loan would be taken off the reports, including the OC. He said yes that all the negative info would be deleted. So he lied to me?

well, when i was in a similar situation years ago, i didn't go through the rehab program, i simply consolidated my loans,which instantly removed the default status. the way it was explained to me, was that all the rehab program would do, is to remove the default status, it will not remove any of the lates that caused it to go into default. since i was still in school at the time, i couldn't wait the 9-12 months of on time payments, to be able to apply again for financial aid. so, what they mean when it will remove the negative tradeline, is that it will still have the 90+,120+,or 150+ day lates that are attached. the lates will remain, it will just say currently paying on time or something like that and not defaulted. for some reason, i don't know if the csr's are telling people this or if people just assume, they think the whole tradeline will be deleted or that the lates will be removed as well. so either way, someone is giving wrong information. i'm not an expert, this was just my personal experience. also, i similarlly had a 2001 sl that went into default (even though i was still in school at the time, but that is a different topic), and it is still on my cr, but i think it said it would be deleted either in 2009 or like yours 2010. i'm assuming that even though i got the loan in 2001, it didn't officially go into default until 2002 or 2003? i don't know, i'm simillarly confused. i tried to dispute the dates, but they just all came back verified. i hope this helps or gives you a different perspective.

Thanks for the response. There was a recent thread (I dont really have time to try and find it right now) in which Stryker helped another member by letting them know if they dispute a little time after rehab is funded that it will be removed from the credit reports. The member then disputed and it was deleted. Now, I am not sure if, when the member said it was deleted, they meant just the CA tradeline or both the CA and OC tradelines, which is what Im trying to figure out... if theres a way to get the OC tradeline off.

I was actually told that you have to go thru with the 9 payments to get the derog TL removed. Paying the loan off right away won't do it. Ive heard this from several resources, so thats probably why your lates weren't removed. I know this because I too was going to pay the loan off all at once, but opted for the 9 months of payment after I was informed that the tradeline would either go positive or be deleted (I forget the exact wording the CSR used) after rehab.

Good question... disputing simply expedites the process of removing the CA negatives. The OC negatives will typically stay, but your case seems unique. Do you have an accumulation of lates?

I am the one that recently disputed my completed rehab tradeline. But that was only to get it deleted a little sooner than the 60 to 90 days that they are allowed. My expectation was only that the CA tradeline would be impacted, so that did the trick for me.

Your situation is a bit more complicated. It does sound like your original creditor reaged the account. I wonder if you can dispute that back to the original status by a letter indicating or proving that the Date of Last Activity and/or Date of First Delinquency is incorrect on your Credit Reports?

By "removing the CA negatives", do you mean that the entire tradeline will be removed or just the lates? Should I try to dispute both tradelines or just the CA tradeline after rehab funds? Thanks for your help, Stryker!

As far as I know, there are no lates on the OC tradeline but somehow it started reporting to EQ as "120 days late" when I started rehab (as if I were being punished by starting rehab). The CA also added monthly lates to the CA TL since rehab began (Im guessing to make sure I had enough incentive to keep paying and finish rehab). The other 2 CRAs report the OC TL as "charge off/collection".

Nothing has been late on either account since rehab started, though they tacked on lates during rehab. When I called to find out why, they said "technically it is late every month because you owe the debt in full until rehab completes". So my fico took a hit every month. So during rehab my fico has fallen approx 50 points.

Ah ok, good info Helcat. Thanks!

I guess I'll just dispute the CA tradeline at first and get that off. I'll see if I can find an old report with the original removal date to see if I can do something with that OC tradeline.

Thanks for the response!

You might want to give it the entire 90 days to see what happens when the smoke clears. I would assume that the "collection" status will be removed from the OC TL. Lynn will clarify, hopefully.

In my case, I was very fortunate. I had to negative notations from the guaranty agency, with garnishment listed on my reports. I also had the defaulted student loan with numerous lates as well. I was able to goodwill the OC baddies off (which is rare) and I disputed the CA stuff immediately rehab was complete and granted.

I did a GREAT amount of e-mailing to create the goodwill opportunity, and I stayed in touch with both entities for months.

Hope this helps.

Just to update, the OC tradeline for EQ updated as "pays as agreed" 6 days ago and nothing has updated for TU or EX. Am I going to have to contact somebody to get the other 2 updated?

Usually when a TL is updated, it updates on EX first, then EQ and finally TU. Seems like they are just going to fix the EQ TL and thats it. Am I wrong?

I don't know that one CRA tends to update quicker than the rest (if, say, given the same info to update at the same time). I always thought it was simply based on when the creditor reported. I am far from infallible, and would like to know the answer to that.

So, your EQ SL TL is reflecting ONLY perfect history, correct?

I don't know if you would call it perfect, but "no data" is in the place of the lates for the OC tradeline, but the CA tradeline still has all the damaging info. Looks like I might have to dispute the CA off.

I don't know if it differs from state to state but here in GA, when info is sent out to the bureaus, EX is the first to update and TU is the last, but all update within a few days of each other. None of that happened here, so either they are only going to fix the EQ unless I request the others be updated or for some reason it is taking a really long time for the other 2 to update.

Was this normal for you or did all 3 CRAs update within the same week? Thanks Stryker.

Mine all updated within 48 hours.

Yeah, I would dispute the CA notation off. In addition, I'd take the ND notation any day rather than have lates.

Congrats!

Thanks, Stryker. You were a huge help buddy! Couldn't have asked for a better guide. I owe ya one.

Hey, I've been there, so I understand the pain! No need to thank me.

Let us know how it ends up.

Yep it was a real pain. Well your responses to my questions have been invaluable, especially lately when nobodys been responding to my posts, so thanks anyway.

Final question, when you disputed, you disputed as "not mine" or another aspect of the TL? Also, can you dispute online or is it more effective disputing via certified mail?

It is the one time I would say an online "not mine" is okay.

Bad news.... went online and pulled an equifax CR from equifax.com to dispute the CA account off. Apparently, I still have 2 negative TL from my student loans; closer inspection reveals they left ONE single 120 day late from 2002 on the "pays as agreed" TL so it is still a negative TL

I just can't win I guess. I called them up and they said to fax them a request to have the 120 late taken off. Well I did that but god knows when they'll get around to it. I didn't even have the heart to call and follow up to make sure they got the fax.

To make things worse, after I disputed the CA TL late last night, I pulled a CR today to see that they updated the CA TL and added a new 120 day late the CA TL . Even though it is still marked as "in dispute", it appears they have updated it with worse info than before and something tells me they won't remove it. At this point, with an RJM collection popping up on my reports, I am close to giving up all hope (again) that my reports will ever be completely clean, no matter what I do. Really, really really depressing.

**Update**

in the quest for the infamous SL derog cleansing....

The CA TL just got deleted as Stryker advised (thanks, Styker!) today, which took less than a week. Nice~! The only Derog left is the 120 day late on the OC TL from 2002. I faxed Direct Loans last week to have them update the TL without the late, and have not heard anything back, so I weighed the positive and negatives of disputing this TL(positive= the late is removed, negative= the entire TL is removed...it is my oldest TL) , and decided to go ahead and dispute online as "never late" and take the chance that my oldest TL might be removed (I would rather have a 100% clean report and a lower fico than my current fico and that one derog). I checked today and my eq fico shot up to 684 with the CA deletion, so we will see the effect when and if the OC TL is altered/deleted.

Was this a good idea or bad to dispute online do you think?

684? Back into prime, baby! Congratulations!

As far as the dispute goes, I would have preferred a CMRRR dispute; IMHO, the CRAs just seem to take those a bit more seriously.

In any case, watch the results of the dispute carefully. Then, if all fails, let's do the unthinkable: figure out a goodwill approach.

Thanks it feels great! I have 14 inq also that I have been trying to bump since Feb but I just got choppage because of the dispute (oh well) so I should have a 700+ score on EQ once the inqs are off (If B isnt dead).

I hope I won't have to mail them certified b/c I just paid for $20-30 woth of certs already this year with nothing to show for it, so maybe the online dispute will work. I have my finger crossed!