Student loans show "transferred to recovery" on credit report

by Renee
(Windom, MN US)

There are several student loans from AES/National Collegiate that I cosigned for when my daughter went to college. I admit that I was making those payments and fell behind. My credit report shows those loans as "transferred to recovery". The balances show up as nothing being owed though.

AES/National Collegiate still shows up but a company called Plaza Associates collected payment for those loans, at 10% off each loan. I have a copy of each document that Plaza sent to me and also a copy of the check I wrote and that they cashed to pay all of those loans off, along with the letter and account # for each loan and the amount.

How do I get transferred to recovery changed to "paid". Plaza Associates DOES NOT show up on my credit report but the original creditor, AES/National Collegiate does.

Thank you.

Click here to post comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2021 by Mary Reed and Gerri Detweiler.
All rights reserved..
Read our Privacy Policy here. Do not sell my information.