Has anyone had luck disputing bad marks (chargeoffs and collections) as never late?

I appealed several TLs with TU & EQ as "never-late" after 1 year post consolidation/rehab of ontime payments and the TLs now show "on time" / "paid as agreed". Previously before consolidation/rehab i was in 3 yr default on loans.

Anyone else see this before? I am about to do this with EX on these TLs as well!

-Paul

I believe, though I COULD be wrong, that if you have gone through rehab, the lates are deleted from your credit file. I THINK that's the case. Cheech would probably be able to answer this question better ... lots of experience with SLs as I understand.

It depends on the lender. The DOE is the best one to have; from everything I've heard, they remove everything, as opposed to just the default notation (I only finished rehab about 4 weeks ago, though, so I don't know this firsthand - yet!). Cheech definitely the one to ask on this one -- lots of experience on disputing the lates on loans from lenders other than DOE and some very wide-ranging results.

Through a loophole (intentional or not, I don't know) in the Higher Education Act, the removal provisions after rehab don't really apply to private lenders. Again, I know Cheech has been really investigating this.

Good luck!

LOL ziggy - I guess my little saga is good for something after all.

To Paul - hey cool that you disputed those off. Actually, depending on the type of federally-backed loan and who the negative tradelines are from, the default status is supposed to be removed after rehab. You can look up my previous threads to read my experience with this and how I found out the hard way about exceptions to the rules and how I dealt with them. I didn't dispute any of my negatives off through the CRA's - I dealt directly with the furnishers of info in every case.

I can't tell you if disputing with EX will work or not. What type of loans were these originally (private or federally-backed)? If federally-backed, what type (FFELP/Stafford or Perkins)? Who is reporting the negative info on EX for you - original lender, guarantor, CA?? The furnisher of info may or may not be required by law to remove the default status if these were federally-backed loans. Or, since you already had success with disputes with EQ and TU, you can try it with EX and let us know what happens. Always great to add experiences with different methods to the knowledge base.

Cheech-

The loans were all Dept of Ed Federally backed. These were Stafford Sub & Unsub loans. The Negative info is from USA FUNDS and DOE.

I will dispute as neverlate on the TLs that clearex on TU & EQ. From there I will go on and do a search on your work and look into what applies to my specific issue.

Thanks!
Paul

Paul -

I rehabbed Staffords (sub and unsub) with a CA that were held by USA Funds too. I had like 7 or 8 neg tradelines from USA Funds on my report. Once I finished rehab, I had to hound USA Funds for like 6 months to finally get them to remove the defaults. It was a pain in the butt to reach them because their phone system automatically spits you out to Sallie Mae. I finally did get a direct number to a USA Funds supervisor who got it taken care of in about 3 days.

Cheech -

So am I correct that rehabbed stafford student loans must be corrected on the CRs when rehab is complete to not show negative activity?

Also, how does "Account transferred to another office " and "ACCOUNT TRANSFERRED OR SOLD STUDENT LOAN "?

I have 3 negative TLs with USA Funds & 1 with Dept of Ed.

Here is the down low on my accounts:
USA FUnds - At least 120 days or more than four payments past due / PAID COLLECTION DEFAULTED LOAN - CLAIM FILED AGAINST GUARANTOR

USA FUNDS - Paid, was a collection account, insurance claim or government claim or was terminated for default / Payment after charge off / collection

USA FUNDS - Paid, was a collection account, insurance claim or government claim or was terminated for default / Payment after charge off / collection

US DEPT of ED - Bad debt& placed for collection& skip /Payment after charge off / collection / At least 120 days or more than four payments past due /


Thanks-
Paul

fla-tan