06-19-2007 05:31 PM
06-19-2007 06:13 PM
motoracer wrote:this is probably a craaaazzy question but my student loan shows 120 days past due, does that mean it has when in defaultt? Im now current and making payments on time for the last 3 months? was my SL in default? not sure
06-20-2007 07:13 AM
06-20-2007 07:47 AM
06-20-2007 07:56 AM
motoracer wrote:my credit report says that I have too many installment loans should I consilidate the 2 loans or will that hurt my credit score if i do so? also I dont understand if I default on my student loans I can rehab them for 12 months and totally remove any negs off my CR but if I just have some late pays I cant rehab those to remove,,,doesnt seem fair,,,seems like I should just let them go in default and then rehab them to totally remove them so the late pays dont stay on there for 7 years!! anyone got an answer to that?
06-20-2007 08:17 AM
06-20-2007 08:31 AM
06-20-2007 08:37 AM
motoracer wrote:Thanks I appreciate all the info guys. I only have 2 student loans total balance is only around $1800.00 when I consolidate these loans who should I contact to do so and When I do if I pay the full amount in one lump sum do you think that would remove all the late pays on my CR that is showing up under the Sallie Mae account? or should I just continue making the payments after the loans are consolidated?
06-20-2007 08:43 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.