I defaulted on my student loans in later 2005. In early 2006, I decided to rehabilitate my student loans.
The detail was as such: After making a fair down payment amount (I paid $7,000), I would be entered into the rehab program. I would then make 9 consecutive payments of a fair amount (I paid $200 a month), the loan would be considered rehabilitated and be eligible for consolidation. Also, ALL negative information reported to the credit bureaus would be expunged from my credit report.
I fulfilled all parts of the rehabilitation program. My loan was purchased back by the guaranty agency and the guarantor removed the default from my credit record. . However, the loan servicing agency that serviced the original loan refuses to remove the deragatory data from my report. I have disputed the information through all 3 credit bureaus to no avail. I have spoken with the Dept of Ed and they have stated that the deragatory information should be removed.
Any advice? I'm really lost!
2007-03-08
13:32:48
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3 answers
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asked by
Daniel M
2
in
Financial Aid