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QM07

Splitting One TL Into Multiple

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I have a delinquent federal loan with the US Dept. of Education.

Since its origination, the loan has been reported as one single TL for the total balance.

After having defaulted to a particular level, the US Dept. of Ed erased this TL and created 6 individual negative trade lines of varying amounts the balances of which total the previous original trade line.

I am wondering whether this is legal?

Sincerely,

QM07

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No, that is not illegal.

It seems intentionally misleading to indicate I held 6 separate accounts with 6 separate account #s a particular company, when in fact, I held only one.

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