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I completed SL rehab in Oct. FedLoans is my new servicer. I have been making 2 payments a month since my SLs were picked up after rehab. My last payment posted 12/19, all but $3 was applied to principal. As of yesterday they are showing $15 in accrued interest. Based on my principal bal and int rate, my daily interest should be in the ballpark of .40 a day. In 73 days I have pd $25 extra to interest. I have 9 years left of this! Spent an hour on the phone and the SUPERVISOR tells me the extra interest is from when SLs were in DEFAULT. That doesn't make sense to me. Wouldn't all of the fees and interest from prior to rehab have been capitalized when loans were transferred? Don't SL payments get applied first to fees and penalties, then accrued interest, and finally to principal? I'm on $5 IBR payment. Isn't the interest supposed to be pd or forgiven for my subsidized loans?

My question is I have 3 payments left in my ReHab program. So once this is complete, do I automatically get new load and I have new entries on my credit report where the previous ones stay on. I know they stay on but what gets reported to the credit agencies and what status will show .

I finished rehab with dept of ed for two of my loans Around $40k each they are now with salliemae, I also consolidated three smaller loans from Texas guaranteed that are now with salliemae too. How should these report on my credit report? I also think at one time nelnet had the loans that were with texas guaranteed. On transunion, one of the dept of ed loans is gone the other is reporting closed charge off. texas guaranteed are reporting closed charge off. nelnet reporting closed Experian: dept of ed loans are not showing at all texas guaranteed reporting as paid closed nelnet showing claim filed with government. I don't have claim filed with govt. I disputed last month and they have updated and its still saying claim filed with govt. Equifax: Dept of Ed shows collection. I have disputed, still under investigation Texas guaranteed shows collection Still investigating my disputes on nelnet, will update

First, a huge thanks to all here who helped with the credit repair and steered us through the 203K process last fall. We closed in October, all repairs have been completed, and we are thrilled with our new home. So, on to the next challenge: I am interested in purchasing and flipping a home I have found in a desirable neighborhood in Portland, ME. It most recently sold for $175K in 2006, and it was listed for sale at $225,000 in 2009. Unfortunately, the housing market corrected (tanked) and it was foreclosed on before it sold. There are over 50 comps from sales in 2013 within a few miles, as this area came back strong. All the comps have sold in the $198K-$225K range. The home is currently foreclosed, vacant, and falling into serious disrepair. It could be purchased for around $50K-$60K. Rehab costs to bring back home to 'best in neighborhood' condition would be approximately $50K-$60K. Basically, when the rehab is completed, the home would be worth double the investment put into it. As I just finished rehabbing my primary home, I have some nice equity, but precious little cash left on hand. As this new home would be an investment and not an owner-occupied home, 203K is out, as are things like FHA, as there are too many issues to pass inspection. Is there a way I could fund the purchase and rehab of this home using some combination of hard money based on the current and as-repaired value, maybe secured in part by the equity I have in my current home? Does anyone know people that lend hard money, or that invest in flips?

Hi guys! (and gals!) I was getting garnished and decided to let it go on and just clean up my student loans of $2500. I have $581 left ($428 after tomorrow). I'm trying to fix my credit now and just became aware of rehabbing SL but when I contacted my loan servicer, they said no, it was too little an amount to rehab, and to just let it finished out. After reading around the forums and the Net, I realized that that was a bad idea (if I could stop it). I contacted the Dept of Ed who referred me to the Ombudsman group who referred me to NYS Higher Education (the people who apparently have the collection agency, Windham Proffesionals, garnishing my check) Is it possible that Windham is lying? I haven't been able to find a "minimum" amount under which SL rehabs can't be done, and I will call NYS Higher Ed tomorrow (they were closed by the time I got their number)...........I just want to know if it's still possible to rehab? Or should I just be resigned to having negative tradelines (albeit, one showing paid, the original showing lates) Thanks for your input!

I completed student loan rehab program and paid all 10 payments with Direct Loans in August. Sallie Mae picked up loan in August. Made my first payment to Sallie Mae in September. Old Negative trade lines were being reported along with new positive 1st payment. I call direct loans and they take off old trade lines. Now my whole student loan history of the past 10 YEARS have been deleted. I was told upon completing rehab program my default status would be lifted and the past 10 payments would report as positive history and the negative missed payments prior to starting the rehab program would still report. Well I called Direct Loans today and they said they were obligated to lift default and delete complete credit history of student loan and wipe slate clean. A month ago when I spoke to a rep I was told the past 10 payments of rehap would reflect positive which I was told prior to starting program. Anyone gone through this before? Give me advice? anything I can send in to help?

Need help on my wife's student loans. I have read most of the posts here that I could and I'm still unsure of the proper way to get the student loans under control. We are aiming to clean her credit and this is the last item left. She started on rehad with the collection agency last year but stop 4 months after financially we could not make the payments any more. We should have called and asked for income based payment for lower payment, if we had know at the time I've read to its better to rehad first and then consolidate your loan once out of rehad. But I heard that you only get one shot to do a rehad? If so then what is the next alternative to do. Also how do you tell who owns your loan now. I've went to the nslda.ed.gov website and all that is listed it: Direct Consolidated Subsidized $3,639 Direct Consolidated Unsubsidized $6,176 DEBT MANAGEMENT AND COLLECTIONS SYSTEM U.S. DEPARTMENT OF EDUCATION PO. BOX 5609 GREENVILLE TX 75403 But on credit report it has listed as permanently assigned to the government Collection acct $3,967 Collection acct $6,773 PO Box 4222 Iowa City, IA 52244 Any help that anyone could provide would be greatly appriecated

Okay, So I am working on getting my credit cleaned up, I have 2 student loans that got defaulted back in 2009 and then I started making payments and setup on auto pay I never agreed to loan rehab at that point or anything like that, I was just making my minimum payments and going on with life. Fast forward to now and I want to buy a house soon and now I have 6 TL's listed on my CR and ECMC is in control of them, I called ECMC and talked to a very rude lady to inquire about going onto a rehab plan and she told me that I have already done the rehab plan so I am screwed on getting my credit back in order. Apparently without notifying me at some point throughout the process ECMC sold the loans to AES/Sun Loans and i never was told that and they say i missed a couple payments and sent it back to ECMC and now I am stuck with ECMC. The amounts are relatively low ($150 & $1750) but the lady from ECMC said even if I pay them in full right now they will make sure that the TL stays on my credit for 7+ years and they do not ever delete paid TL's What can I do? I have a complaint filed with the OMBUDSMAN but have not heard back from them. Please help!

Hello Everyone, Been lurking for awhile, this is my first post. I've recently signed up for USAA Credit Monitoring and noticed that Experian doesn't seem to be reporting my previously deferred and defaulted student loan. This loan has been rehabbed through ECMC and In May was bought once again by a ACS represented company (previously through ACS as well.) It seems that Experian is reporting my current student loan incorrectly. I've attached all my Student loan Trade lines. It seems that Experian is reporting my current student loan in the "potential negative category where the other two are showing it as a zero balance and showing it current on a different trade line. Is this meaningless since it shows as current? Do I need to contact ACS to get these changed if they need to? I'm not sure why that BRAZOS entry is there although I belive it should be gone since the rehab (BRAZOS was affiliated with ACS during my old loan days.) I've noticed that my Experian score is much lower than my other two. I appreciate any insight that anyone could provide (sorry for the links, learning how to post!!) and thanks for reading! http://imageshack.us/a/img405/7710/img003rew.jpg http://imageshack.us/a/img818/1386/img002kd.jpg http://imageshack.us/a/img585/196/img001yr.jpg