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Anyone ever rehabilitated a student loan?

New Member

Anyone ever rehabilitated a student loan?

Hi all, I am in the process of rehabbing a student loan. Was wondering if "as they say" your credit reports will be removed of all the defaults and negatives once the loan is in fact rehabilitated.

Thanks in advance,
Rob
6 REPLIES
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Established Contributor

Re: Anyone ever rehabilitated a student loan?

i rehabilitated my stutdent loans and the defaults were take off just not the lates
Moderator Emeritus

Re: Anyone ever rehabilitated a student loan?



Badcreditguy wrote:
i rehabilitated my stutdent loans and the defaults were take off just not the lates





This is correct-
Also make SURE is is out of default before consolidating or paying it off.
Regular Contributor

Re: Anyone ever rehabilitated a student loan?

Yes, I did it a couple of years ago.  It works as they say -
Regular Contributor

Re: Anyone ever rehabilitated a student loan?

I'm doing this right now but it was supposed to have been picked up by another lender almost 2 months ago and when I contacted them about it they just say it may take some more time. Also nothing has been changed on CR's since the time I started paying last December. Is that normal?
New Member

Re: Anyone ever rehabilitated a student loan?

I rehabbed my loan too.  Sometimes it does take time to clear this process.  But once you get picked up by another lender...you get reported as having a good history in repayment.  They say it take 12 months to clear up your loan history by good repayments.  Mine took 6.  Be patient...it will work if you keep up with your in time payments!  Good Luck...Mike
Established Member

Re: Anyone ever rehabilitated a student loan?

Ditto here, it works as advertised.  Just be sure to keep everything they give you in writing, because sometimes a lender (like Citibank, in my case) just doesn't want to go about changing what they're supposed to change and it takes some diligence.