Okay my fellow credit builders, lol. I have 7 accounts with NelNet (why they are separate student loans I have no idea...lol) and allowed them to fall behind 120-150 days late. Each reporting tanked my score. Last week a GW letter was sent to some executives who took pity on my letter and gave me a second shot. Honesty truly is the best policy. i submitted documentation of each incident to substatiate my case. I checked my credit report this morning and EQ was the first to report the change in all 7 trade lines as PAID AS AGREED! To them I will forever be grateful. With all of this I am wodering if I will see a substatial increase in my scores?
Starting Score: 06/2011 505 EX 523 Lender Pulled
mocha82 wrote:Were the loans private student loans? I have loans with Sallie Mae and I thought about sending GW letters to them but I heard that with SL that aren't private loans that it is impossible to get them to delete the late payments.
Hey Mocha82 the student loans in question were not of a private entity. I dont see an issue with you sending the GW letters to Sally Mae. You will never get a response if you never ask a question. I say go for it!!! I am about to send you a PM real quick.
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
