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Can I update TLs *during* rehabilitation?

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New Contributor

Can I update TLs *during* rehabilitation?

I'm 6 months into the process of rehabilitating my student loans, and the tradelines on my CR's still all report as collection accounts with no recent payments.

 

I phoned up the DoE, and asked if they could update the bureaus to reflect my current payment status, and they insisted that they could not, but that after the 9 months, everything would be sunshine and roses.

 

I'm wondering if I could send a dispute to the Bureaus, and more or less force the DoE to update my TL's?  I'm sure the benefit to my score would be minimal, but since I'm borderline obssessive about watching my score slowly crawl it's way back to respectability, any positive outcome would result in joy and celebration.

 

 

any thoughts or experiences?

 

 

 



Starting Score: 573 (Exp 10/12)
Current Score: 767 (Exp 6/13)
Goal Score: 700+ I Crushed it!!!


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4 REPLIES
Valued Contributor

Re: Can I update TLs *during* rehabilitation?

Wait until your rehab is done and let the tradelines update naturally.  Other folks with loans held directly through the DoE have reported great results here, but you do have to wait for them.  Disputing accurate information can do more harm than good, and I'd be worried about upsetting record-keeping at the DoE or something like that if your dispute did work and the CRAs dropped a bunch of information suddenly.

 

Until the rehab is complete, that reporting is accurate.  Your loans are still in default, and your rehab payments are not regular payments toward your loan, they are part of this special program that doesn't really have an analog anywhere else in the credit world.

 

Be patient.

Message 2 of 5
Frequent Contributor

Re: Can I update TLs *during* rehabilitation?


SCF wrote:

Wait until your rehab is done and let the tradelines update naturally.  Other folks with loans held directly through the DoE have reported great results here, but you do have to wait for them.  Disputing accurate information can do more harm than good, and I'd be worried about upsetting record-keeping at the DoE or something like that if your dispute did work and the CRAs dropped a bunch of information suddenly.

 

Until the rehab is complete, that reporting is accurate.  Your loans are still in default, and your rehab payments are not regular payments toward your loan, they are part of this special program that doesn't really have an analog anywhere else in the credit world.

 

Be patient.


+1 Wait it out don't rock the boat.


Starting Score: 6/6/12: TU 585/EQ 472/ EX 561
Current Score: TU04 774, EQ5.0 761/ EXv2 783
New goal 800
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Message 3 of 5
Frequent Contributor

Re: Can I update TLs *during* rehabilitation?

Wait it out I rehabbed mine all the bad is gone now . Well worth the wait .
Message 4 of 5
New Contributor

Re: Can I update TLs *during* rehabilitation?

Thanks for the advice y'all...  I'll be patient.   Three months just feels like so darn long!



Starting Score: 573 (Exp 10/12)
Current Score: 767 (Exp 6/13)
Goal Score: 700+ I Crushed it!!!


Take the myFICO Fitness Challenge
Message 5 of 5