So, my sister is in ATL and I am helping her with her credit. Her main problems are with the student loans. She had a number of small loans with 120 day past dues from a few years back. She has had them consolidate into one loan and has been on time for about 1 1/2 years. My question is--does she qualify for the rehab program, seeing that she was on time for at least nine months straight. It seems like they did part of it (consolidation), but I understood that she would also get the derogatory expunged from her reports. Any thoughts?
Following are her actual entries from her EQ from myfico:
Status as of [?] Jan, 2006
Date opened [?] Nov, 1994
Date of last activity [?] Jan, 2006
Date closed [?] Not Reported
Account number [?] XXXXXXXXXXX0001
Loan type [?] Not Reported
Largest past balance [?] $5,500
Terms [?] Not Reported
Account Type [?] Installment
Account holder [?] Individual
Scheduled payment amount [?] $0
Account status [?] Account is Inactive
Descriptions [?]
90+ days late 2 times (Nov 2005, Nov 2005)
Worst Delinquency [?]
120+ days past due
This is only one of six more that look just like it. Following is the one that is current.
Sallie Mae
Status as of [?] Jan, 2008
Date opened [?] Jan, 2006
Date of last activity [?] Jan, 2008
Date closed [?] Not Reported
Account number [?] XXXXXXXXXXX0008
Loan type [?] Not Reported
Largest past balance [?] $13,842
Terms [?] Not Reported
Account Type [?] Installment
Account holder [?] Individual
Scheduled payment amount [?] $xx
Account status [?] Account is Open
Balance [?] Current Status [?] Past Due Amount [?]
$XXXXX Pays account as agreed Not Reported
Seven year payment history [?]
30 days late 0 times
60 days late 0 times
90+ days late 3 times (Nov 2006, Sep 2006, Aug 2006)
Worst Delinquency [?]
120+ days past due (Actually took place in Sep & Oct 2006)
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12