Reply
Contributor
Posts: 93
Registered: ‎03-06-2007
0

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
0

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

wtgggggggggg
 
you pegged EX right!!! TU 690  EQ 686  EX 643   go figure........no derogs at all!!!!

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.