So I'm trying to understand which are considered "baddies" on my current report- I see flags on most of TL, assuming that these are the actual "baddies"? I'm just trying to understand better with the remarks- such as "Payment after charge off/collection" vs "120 days past due" vs "charged off as bad debt" & their weight on my credit score. I've been working really hard for the past 6 months & I've finally got my last TL deleted from Collections, and I've tried the GW letter to N Carolina Education Assistance for deletion, but recently got denied. Waiting on College Foundation for reply. Anyways, with my picture provided below, I'm assuming that I have 24 baddies? Since GW letter didn't work, am I stuck w/ these baddies until 2016 (my TU report says they should be gone in 2016)? Should I write them GW letters again? I'm just puzzled, any assistance would be greatly appreciated.
Thanks for the explanation. Basically I'm stuck w/ 24 baddies until 2016, so I guess i'll be in the garden until then!
From what you see, 23 out of 24 are from student loan which went into default. I've rehabbed & currently back on normal pay status...which means that they are being paid? I've sent GW letters but denied from NC Educational Assist & waiting from College Foundation...i'll update when i get something back from them.
Hang in there. I've been in the same boat with defaulted loans from Sallie Mae later transferred to USA Funds... so I have 16 negatives. They have since been consolidated with a 3 year perfect payment history, so just waiting on them to drop 11/2013. If I would have found this forum sooner I would have done the GW thing, I’d keep trying with the time you have left. Good luck.
Starting Score: Fico TU 571 (11/21/12)