Rebuilding Your Credit

[guiness56]

Contact the CRAs and ask for it.  I think the current fee is $11.00 but I could be wrong.

[newhouse2013]

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guiness56 wrote:

Just looking at what you posted, it wasn't CO'd or sent to collections.  Do you know if it was?  Is it supposed to be closed?

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It wasnt CO or sent to collections. It states 'sold to government for insured balance portion of loan'. 

[guiness56]

Once the 120 day lates are removed it will become a positive account and stay for up to 10 years from date closed.

[newhouse2013]

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guiness56 wrote:

Once the 120 day lates are removed it will become a positive account and stay for up to 10 years from date closed.

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What about the balance? Should I try to have it opened back up and pay monthly payments? I figure I can ask them remove the lates and then have another installment loan in good standing (once I pay my car off in a couple of months)...would they do that? 

[guiness56]

They no longer have the loan.  It was sent to someone else so that particular lender couldn't open it back.  It has a 0 balance.

Was this some sort of student loan?

[newhouse2013]

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guiness56 wrote:

They no longer have the loan.  It was sent to someone else so that particular lender couldn't open it back.  It has a 0 balance.

Was this some sort of student loan?

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Yes, it was a student loan. So my only option is to request a GW removal?

[guiness56]

Yes.  But I wouldn't get the entire TL deleted, just the lates.