Posts: 93
Registered: ‎03-06-2007

Rehabbed my defaulted Student Loans: Score Increases were.....

I pulled my FICOs two days before my SL tradelines were completely removed from my credit reports.  I rehabbed a total of $67,000 in SL's that are two years old (my average age of accounts went UP when they were removed).  Nothing else on my CR changed. 
The results:
TU 600 to 621
EQ 609 to 612
EX 606 to 607
Hmmm.  According to EQ and EX having $67,000 in debt (riddled with 120 and 90 day lates marks)  removed from my credit record does next to nothing to improve my creditworthiness.  Gosh, I'm sure they're right.  After all, they use a "formula". 
I'm telling you, it is in the best interests of the CRAs to keep scores low.  Everyone is pulling Experian now and I don't think it's a coincidence that they are the worst when it comes to getting INACCURATE tradelines off of your CR. 
Keep watching, this is going to get worse before it gets better. 
Moderator Emeritus
Posts: 7,326
Registered: ‎06-18-2007

Re: Rehabbed my defaulted Student Loans: Score Increases were.....

you pegged EX right!!! TU 690  EQ 686  EX 643   go derogs at all!!!!
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