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!!!!

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+