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Final Rehab Payment Tommorow: Experts Needed

Established Member

Final Rehab Payment Tommorow: Experts Needed

Tomorrow is my 9th payment to complete rehab. My credit shows the following defaulted lines of credit:

6 US Dept of Education loans

6 FedLoan

I don't think any of these loans show 30/60/90 day lates on the monthly calendar view.. rather than yellow/orange/red indicators for lates, it shows the dark grey/black indicator for default. The accounts are notated however, and state: 120 days late/defaulted.

When my rehab is complete tomorrow, which of these loans will "fall off"

Should I dispute the loans and notate that I've completed rehab?

I don't want to trigger something where all my "lates" suddenly color up my credit history with dozens of late payment marks.

How to proceed and what should I expect?
Message 1 of 6
5 REPLIES
Established Member

Re: Final Rehab Payment Tommorow: Experts Needed

Anyone can chime in
Message 2 of 6
New Contributor

Re: Final Rehab Payment Tommorow: Experts Needed

If I am intrepreting this correctly, you have six total loans that defaulted?  FedLoan was your origional servicer & they were assigned to the Govt through default?

 

Reghardless, the FedLoan TLs that were reporting should be closed with no payment history.  Zero balance.  This should be the account(s) that you defaulted on with the reporting (you may say color, but trust me/us, its 30/60/90/default()

The US Dept of Ed TLs should be reporting as default now.  Those should also close with no payment history.  My TLs  from them were totally deleted and just showed during rehab.

My FICO Scores:
9/17: EQ - 542 / TU - 535 / EX - 506 // Mortgage: 553, 545, 486
10/ 17: EQ - 558 / TU - 563 / EX - 586 // Mortgage: 554, 568, 536
11/17: EQ - 630 / TU - 589 / EX - 614 // Mortgage: 606, 606, 572

Journey Milestones: Completed Federal Student Loan Rehab in Sept 2017. Settled First Premier Bank CC in August 2017. Constant uphill battle with Navient incorrect reporting on seven (7!) private student loans. No TLs listed in delinquency. Obsessively keeping 2 CC UTI @ 7-9% monthly.

End Goal: Pre-Approval for FHA Spring/Summer 2018
Message 3 of 6
Regular Contributor

Re: Final Rehab Payment Tommorow: Experts Needed

October 10th ( i think ) was my 9th payment.  I was paying a collections firm on behalf of American Student Assistance.  I have 3 loans with 9 trade lines on each bureua; 3 Citi bank in good standing, 3 Navient ( who Citi sold to ) and who I defaulted with first time, 3 American Student who I also defaulted with.  1 week after I made 9th payment I called ASA and they said Navient once again picked up my new loans.  Called Navient but they didnt have paperwork done yet.  I then went on Navient website a week later and I attmpted to sign in and create account and it actually let me.  October 31 I was told by navient my first payment isnt due till Dec 15.  November 1st, Experican delete the 3 ASA tradelines and credit shot up 18 points.  November 4th Equifax and Trans deleted their 3 tradelines for ASA and credit went up another 21 and 10 points.  November 6th and my credit jumped up another 5 points.  I did all this without having to put in disputes.  Navient also told me they would re use the old tradleine and backdate the 9 recent months payments.

Message 4 of 6
New Contributor

Re: Final Rehab Payment Tommorow: Experts Needed

Looks like you've made good progress.  Congrats!

My FICO Scores:
9/17: EQ - 542 / TU - 535 / EX - 506 // Mortgage: 553, 545, 486
10/ 17: EQ - 558 / TU - 563 / EX - 586 // Mortgage: 554, 568, 536
11/17: EQ - 630 / TU - 589 / EX - 614 // Mortgage: 606, 606, 572

Journey Milestones: Completed Federal Student Loan Rehab in Sept 2017. Settled First Premier Bank CC in August 2017. Constant uphill battle with Navient incorrect reporting on seven (7!) private student loans. No TLs listed in delinquency. Obsessively keeping 2 CC UTI @ 7-9% monthly.

End Goal: Pre-Approval for FHA Spring/Summer 2018
Message 5 of 6
Established Member

Re: Final Rehab Payment Tommorow: Experts Needed

I ended up hiring a dispute company to write letters, so we will see what happens. I'll post results when I get them toward the beginning of dec
Message 6 of 6