Anyone have a cite or link to Salle Mae or US Dept of Ed regulations regarding removal of rehabilitated student loans from CRA records? (To the best of my knowledge there are no federal statutes on this subject.)
I've rehabilitated a student loan for over 2 years now. EQ and TU have completely removed the derogatories, but EX is stubborn.
Georgia Higher Education Assistance Corp (GHEAC) sent me a copy of a letter they sent to all CRA's requesting that the student loan credit records be deleted. However, EQ changed the GHEAC tradeline entry to Paid, was a collection account, insurance claim or government claim or was terminated for default, and they list the Sallie Maes as Claim filed with government for insured portion of balance on loan The Sallie Mae is also now listed as a CO.
I sent EX a document which I titled Notice of Violation (stating that they are in violation of FCRA for failing to investigate the dispute, but not stating any intent to sue), and enclosed a copy of the GHEAC letter requesting that they delete the TL. They received it CMRRR May 20, and I haven't yet heard back from them.
I would like to have the actual regulations (if any such things exist) to back up my case, in the event this thing doesn't get resolved sooner.
Any help would be appreciated. (In addition, anyone who in interested in suggesting what part of the FCRA is being violated here would be received with open ears.)