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Posted in Student Loans
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Missy4809

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How Can you Report Such Erroneous Data?
AES is not a Student Loan. It is legally a Private Loan (ALPLN) and not Federally Funded, and was discharged April 3, 2008 Chapter 7. Check with your partner TransUnion. The other Credit Agencies also know and have made corrections.
AES aka National Collegiate Trust goes by different names, but they are not a Federally Funded program, although they would like for those to think they are. Legally this loan can be discharged thru a Chapter 7 bankruptcy, and also can stop harassments from this company

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Check ALL your credit reports.

Get all 3 of your credit reports and check them out to see if that loan is removed.  Credit Karma only reports what TransUnion has on their records so you should check and dispute (if necessary) all your reports.

Do you have the papers that speciufically state that the loan was discharged in the BK?  If so, a copy of those papers should be sent with the dispute letter.

In general, though, student loans are not eligible for bankruptcy discharge on filing.  There is an additional procedure where you go before a judge after the BK is filed and granted and plead hardship for the loan to be discharged.  I've had student loans and know about this little wrinkle. It's one of the "perks" that lenders have received with the latest bankruptcy laws.

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Missy4809

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Thank you for your response. Credit Karma in this case hasn't taken what TransUnion has otherwise it would not be on what Credit Karma is showing.  I have further sent  everything and all documentation  (including)  what TransUnion has on my file and sent it  to Customer Support.  

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Just to clarify

Missy stated "AES aka National Collegiate Trust goes by different names". This is a common mistake but not correct. National Collegiate Trust is the one that owns the loan. National Collegiate Trust operates under various forms of the words "national" "collegiate" "student" "loan" and "trust", sometimes adding certain numbers (ex. National Collegiate Trust- 6). American Education Services (AES) is a "loan servicer". This means they are employed by NCT to collect money, enforce payment agreements/terms of the loan, make phone calls to you, send you letters and so on. AES is how The Pennsylvania Higher Education Assistance Agency, or "PHEAA" operates for private student loans. PHEAA is a quasi-government agency created by the Pennsylvania General Assembly. I am no lawyer, but I advice if you have any issues with NCT, AES or PHEAA, search for information on all of those names and acronyms. You may find some very interesting things.. Hyde & Swigart and NCT might be a start.. NCT and AES are not the same though.

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