Reply
Member
Posts: 14
Registered: ‎10-14-2012
0

Fed student loans discharged b/c of disability -- effect on credit score?

I've got about $140k now in the 3 year conditional disability discharge phase. Does anyone know how they will report to credit agencies? They are officially "discharged" (never late) but could be reinstated. My credit tanked last year when I became disabled and is now in the low 500s. The student loans are my only debt. Anyone been through this that can comment? I'm hoping wiping that debt off my credit report will make my score jump higher. I want to get a car soon, so am waiting to see. I initiated an investigation with the credit agencies, but that caused my scores to drop by 12 pts instead!


Starting Score: EQ 532
Current Score: 532
Goal Score: 760


Take the FICO Fitness Challenge
Valued Member
Posts: 46
Registered: ‎04-16-2012
0

Re: Fed student loans discharged b/c of disability -- effect on credit score?

I know someone going through the process.  How long did it take for you to get the discharge approved?  

 

Did you get an Idea on how it affected your credit?

 

Thanks,

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.