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ARO and Credit Reporting

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perpetualowage View Drop Down
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    Posted: 20/July/2017 at 11:05am
Hello, let me start by saying this site has provided such a wealth of information. I have been able to put together a plan of action, but my scenario deals with a defaulted ontario student loan and credit reporting, and everything I've read basically says this is the wild west of debt.

For the first time in my life I have a job where I am not living paycheck to paycheck and have saved up to pay off the amount as a lump sum. Howver, I want to repair my credit rating and found my reports do not have accurate information. My NSLSC OSAP loan originally defaulted in late 2008 and went to EOS NCN collections. In 2015 it went to ARO collections. I have never made a voluntary payment (liens), though I have said I would on the phone with collectors and never did. The debt is currently being reporting regularly.


ARO reported MAESD STUDENT SUPPORT to Equifax a DOLA of 2015 (probably when they took the debt).
ARO reported MAESD STUDENT SUPPORT to TransUnion a DOFD of 2015 stating assigned 2 months later.

I plan to get the records from CSL/NLSLC and then mail a hand written letter to ARO requesting details in an attempt to begin a dispute with the CRAs over the DOLA and DOFD. I read that the CRAs only validate dates based on the collection agency information.

The end goal is to get the Credit Report dates to roll back to when the loan defaulted with the originally creditor, pay it off, and then have the CRAs remove the item since it is older than 7 years.

Can I get some advice on potential pitfalls or roadblocks that I should consider? I am concerned that paying off the debt or even writing in stating "I will pay it if you do this" will legitimately update the DOLA and ruin the plan. I think that requesting a written agreement from ARO not to report the account for X amount of time (payment deadline) and to close/expunge it without updating the DOLA is my best option. Do you think this is possible?



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introuble View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote introuble Quote  Post ReplyReply Direct Link To This Post Posted: 06/October/2017 at 10:37am
Did you get this sorted out. I'm in the same boat and wanted to payoff my debt to FDR but they won't reduce the amount even though I've heard some people had 20% reduced when they wanted to pay off their debt.

Any insights
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