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 Posted: Thu Sep 13, 2007 8:58 am Subject: Rehabbing my student loans |
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I am currently working with GC services in rehabbing my loans. I started this back in January so this months payment will be my 9th month. From what I understood when I spoke to my contact, after the 9th month is paid, my loan has been rehabbed. He mentioned that the status will be changed to Current on my credit reports as if none of this mess ever happened.
My question is - since there are multiple individual loans when each semester's check was given a different account number - will all of these statuses change or just the one where it was all lumped together leaving these others saying it is in collections?
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debrag_25
Joined: 10 Jan 2007
Posts: 221
Debtcc Points: 3000
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| Posted: Thu Sep 13, 2007 9:01 am Subject: |
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Hi. Did you ever do a formal consolidation or has this company arranged for everything to be consolidated into one payment?
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eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14311
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| Posted: Thu Sep 13, 2007 9:04 am Subject: |
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I did a consolidation through Direct Loans in the past. I thought it meant that those individuals would then be listed as one lump sum...but it doesn't look like that happened. At the time, I didn't understand (and maybe I don't now either) so I didn't know to check in on it and see what was going on.
There is a lump sum entry...but the other ones are still there listed in collections as well. I posted this question a few days ago on a different thread & someone said that they will still stay like that even though there is a lump entry...not sure I understand that either since that's the point of having them consolidated. Maybe you can help 
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debrag_25
Joined: 10 Jan 2007
Posts: 221
Debtcc Points: 3000
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