just got my student loans into rehab, after rehab whats next ?

[lksmediagroup]

I just got accepted into a student loan rehab program with convert -arm ... after 9 months of rehab does this loan become positive on the cr report...... tbey said all payment history would be erased and thesd loans would be picked up by a new bank.... ist there any truth to this or have i been sold a dream. Please help me out guys... i dont post much. But i spend alot of time reading theards here gaing knowledge and. Courage to fight back to credit freedom... thanks everyone....

 

Here a copy of the loans

 

 

PO Box 5609

Greenville, TX-754035609

(800) 621-3115

Account Number: 1011XXXX Status: COLLECTION ACCOUNT

Account Owner: Individual Account. High Credit: $3,000

Type of Account : Installment Credit Limit:

Term Duration: 36 Months Terms Frequency: Single Payment Loan

Date Opened: 10/02/2009 Balance: $3,707

Date Reported: 04/11/2015 Amount Past Due: $3,707

Date of Last Payment: 05/2014 Actual Payment Amount:

Scheduled Payment Amount: Date of Last Activity: N/A

Date Major Delinquency First Reported: 09/2012 Months Reviewed: 31

Creditor Classification: Educational Activity Designator: N/A

Charge Off Amount: Deferred Payment Start Date:

Balloon Payment Amount: Balloon Payment Date:

Date Closed: Type of Loan: Education Loan

Date of First Delinquency: 07/2010

Comments: Student loan assigned to government,

Collection account

81-Month Payment History

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 CA CA CA

2014 CA CA CA CA CA CA CA CA CA CA CA CA

2013 CA CA CA * CA CA CA CA CA CA CA CA

2012 * * * * * * * * CA CA CA CA

2011 * * * * * * * * * * * *

2010 * * * * * * * * * * * *

2009 * * *

Payment History Key

US DEPARTMENT OF EDU

Hide Details 1011XXXX 10/02/2009 $1,991 04/11/2015 $1,991 COLLECTION ACCOUNT

US DEPARTMENT OF EDUCATION

PO Box 5609

Greenville, TX-754035609

(800) 621-3115

Account Number: 1011XXXX Status: COLLECTION ACCOUNT

Account Owner: Individual Account. High Credit: $1,750

Type of Account : Installment Credit Limit:

Term Duration: 36 Months Terms Frequency: Single Payment Loan

Date Opened: 10/02/2009 Balance: $1,991

Date Reported: 04/11/2015 Amount Past Due: $1,991

Date of Last Payment: 05/2014 Actual Payment Amount:

Scheduled Payment Amount: Date of Last Activity: N/A

Date Major Delinquency First Reported: 06/2012 Months Reviewed: 34

Creditor Classification: Educational Activity Designator: N/A

Charge Off Amount: Deferred Payment Start Date:

Balloon Payment Amount: Balloon Payment Date:

Date Closed: Type of Loan: Education Loan

Date of First Delinquency: 07/2010

Comments: Student loan assigned to government,

Collection account

81-Month Payment History

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 CA CA CA

2014 CA CA CA CA CA CA CA CA CA CA CA CA

2013 CA CA CA * CA CA CA CA CA CA CA CA

2012 * * * * * CA * * CA CA CA CA

2011 * * * * * * * * * * * *

2010 * * * * * * * * * * * *

2009 * * *

Payment History Key

US DEPT. OF EDUCATIO

Hide Details 579XXXX 10/15/2009 $0 10/31/2014 120+ DAYS PAST DUE

US DEPT. OF EDUCATION/GLEL

PO Box 7860

Madison, WI-537077860

(608) 246-1750

Account Number: 579XXXX Status: 120+ DAYS PAST DUE

Account Owner: Individual Account. High Credit: $4,888

Type of Account : Installment Credit Limit:

Term Duration: Terms Frequency:

Date Opened: 10/15/2009 Balance: $0

Date Reported: 10/31/2014 Amount Past Due:

Date of Last Payment: Actual Payment Amount:

Scheduled Payment Amount: $55 Date of Last Activity: N/A

Date Major Delinquency First Reported: Months Reviewed: 49

Creditor Classification: Activity Designator: Transfer/Sold

Charge Off Amount: Deferred Payment Start Date:

Balloon Payment Amount: Balloon Payment Date:

Date Closed: 07/2011 Type of Loan: Education Loan

Date of First Delinquency: 07/2010

Comments:

81-Month Payment History

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 * * * * * * * * *

2013 * * * * * * * * * * * *

2012 * * * * * * * * * * * *

2011 120 120 120 180 180 180 * * * * * *

2010 * * * * * * * * * 90 120 120

2009 * * *

Payment History Key

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[Bulldog21]

We don't need your loan or payment information. No, they did not lie to you. The OC payment history will stay and the gov collection will go away. The new loan will have your original open date with positive history.

[TheScholar]

Not only that, the loans keep the original open dates, so they become positive, old TLs. Don't mess up the rehab. It's a great gift.

[lksmediagroup]

Thanks for the help bulldog21 ,TheScholar. I appreciate the insight