Internet's first get-out-of-debt community - members

Posted: Tue Apr 22, 2008 6:26 pm

Since my husband switched jobs were were able to stop the garnishment we had been receiving. We are able to rehabilitate the loan now with 8 more payments. That's fine, no problem.

My question is though if the OC has reported the account charged off is the company that guarantees the loan also able to report it as collections placing a double whammy?

Posted: Tue Apr 22, 2008 9:36 pm

Yup. Student loans will hit you twice legally with both the OC reporting the claim filed and the guarantor reporting the claim paid.

Keep in mind after the rehab only the guarantor's tradeline will reflect positive. Your OC is under no obligation to change their tradeline.

Posted: Wed Apr 23, 2008 5:57 am

Even if the guarantor brought in a new creditor for the account it original would still be negative? Ouch!

Debt and Credit Management	Other financial topics
Debt Consolidation, Management and Settlement Dealing with Creditors and Collection Agencies Get-out-of payday loan help Creditors and collection agency address book Credit Repair, credit score and credit reports Financial education through videos	Additional income, investment, shopping & budgeting Banking including help on chexsystems Identity theft - scams, security and training Getting a Loan and choosing a good lender Dealing with Student Loans US Tax system and impact on debt
Community success stories	Miscellaneous - Hangout forums
Winning stories with debtcc community Stories: How I accumulated debts	Expert articles - Community knowledge bank Debtcc Complaint center Pub, feedback and announcements Funny Videos - Hey you worked a lot, now laugh and relax

*Name:
*Email:
*Phone:
*Zip:
Debt

	* denotes required field

Internet's first get-out-of-debt community - members

Rehabilitating Loan. CBR report question

Members Area

Free Debt Counseling

Ask the community

Question of the week

Useful Links

Highlighted Topics

Recent Blog Post