Rebuilding Your Credit

[Gotons]

Congrats on the big bump from the rehabbing of the Student Loans.  I'm hoping to go through the same thing in the next month or two.  I've got eight student loans, so I'm hoping for a nice little jump.  Was your jump from the rehab the 11/17/08 to 01/29/09 entry in your signature?

[PayingTheBills]

sure was. that was the only real change.

[PayingTheBills]

CC's, car loan, and SL balances updated for November.

[cin2024]

Wow, you're really on the ball on improving your credit. If only everyone were as diligent as you.

I had a high credit score just 5 years ago, over 750. But a bad marriage (which led to divorce), and bad financial decisions before and up to that brought my score down to 529 in the summer of 2008. Filed for BK in Nov 09, which brought my scores up somewhat.

So I'll have that on my record for 10 years and also medical collections from 2007 (which were paid, they refused to do a PFD--called it 'credit bartering'). But since discharge my credit has been perfect. 2000 credit limit with 19% utilization, and always pay my bills before their due.

[PayingTheBills]

TU FICO Quarterly Monitoring just updated, went from a 644 to a 650! Woohoo!

[PayingTheBills]

TU FICO Quarterly Monitoring just updated, went from a 650 to a 669! Woohoo!

I also updated my first post with all new info. Check it out!

[SunnyDaze77]

GOOD JOB PAYING THE BILLS!!!  You have worked so hard and diligently on your CR--it's very encouraging and impressive!

I have a couple of questions...

1)  I am in the same boat on 5 of my SL's (ignoring them more than I should) and resulted in showing 120+ lates on each one on my credit report. I am currently in deferment and have been paying more than the mthly payment while in deferment and am showing current on on my CR at this time.  My question is , did your SL's default and then you checked into SL rehab?  I called Nelnet and asked them about SL rehab and they said they only do it on defaulted loans and since mine had not defaulted then I could not do SL rehab.  Not sure of the terms, but I think it defaults a year without payments and I was 8-9 months behind.  Does this sound right to you?  So you have a Nelnet contact name and number with whom you spoke with?

2)  I have 2 medical bills in collections but have been PAID in 2007.  If I read correctly, did you send HIPAA letters to your paid med collections as well?  I read on another thread that if you paid the CA then HIPAA won't work but if you paid the OC, then it would.  I paid the CA, did you pay the CA or OC?

Thanks for any help you can provide!!! =)

[LIGHTNIN]

SunnyDaze77, 

1) Dont know enough about SL's, sorry.....maybe others will chime in for you.

2)I've read that also, that in order of the HIPAA process to work, the  OC would've had to been

paid instead of the CA. So i believe your last option you have is sending a GW letter to the CA.

Edit to add......Wow! want a journal PayingTheBills....You have done a great job paying those down.

[PayingTheBills]

Thanks guys!

#1 I contacted NelNet, who directed me to GC Services, who set up the rehab program. Then my loans were picked up by Sallie Mae after rehab.

#2 I paid the OC.

Myfico.com got rid of all the good info on how to get these removed. I've found that persistence is the key, and a little bit of dumb luck. But I remember hearing what you're saying, that if you pay the CA, it won't work. Then you just have to GW the crap out of the CA.

[PayingTheBills]

I know I owe this journal an update, and I'll try to do that this week (we're in the middle of moving), but I just wanted to pop in and say that I got a CL increase on my Target Card, from $200 to $1,000! I must have heard a million times that Target just doesn't do CL increases, and I certainly didn't expect one or ask for one. Good news!