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Established Member
Posts: 24
Registered: ‎08-06-2017
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Hello and Thank you! (default, rehab, and score increases)

Just want to say Hello and Thank you. Ive been lurking on the forums for a few months now, while working on my credit report, student loan default/rehab and have read a LOT of great advice on here that has helped me get to where I am currently. Ive posted the changes in my scores in my signature line, most of which was due to completing rehab and the score changes that have come with it. I completed rehab in June, Navient picked it up July 1, 2017, and they are currently reporting with original loan date, "pays as agreed" and no payment history. Fed Loan, who I was with when I defaulted, will not remove anything as of yet, though I am still working on it, so I have several "180 days late" that I am trying to get removed.

 

I was approved for an auto loan through Santander USA in April 2017, at a horrible interest rate of 20.7% ( not complaining, it was my own fault my credit was so bad), Im just glad they were able to help me. With my credit score changes however, I was able to refinance on July 27 2017 at a reasonable 5.7%. I also got 2 secured cards, one with Capitol One and one with Wells Fargo, both in May. Yesterday I was able to add an unsecured card with Capitol One Quicksilver with a starting CL of $300. Not a lot, but have to start somewhere, right?

 

Its a journey, but keep working on it and keep moving forward, you will get where you want to be!


06/01/17 TU 552, EQ 510, EX 514
08/06/17 TU 649, EQ 614, EX 641
09/28/17 TU 670, EQ 615, EX 640
GOAL 700+ for all 3B
New Member
Posts: 5
Registered: ‎05-26-2017
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Re: Hello and Thank you! (default, rehab, and score increases)

Im glad for you positive adventure. I am alos in the process of rebuilding great credit and dealing with student loans.

 

One question tho, How were you able to refinance your auto so soon? 

Established Member
Posts: 24
Registered: ‎08-06-2017
0 Kudos

Re: Hello and Thank you! (default, rehab, and score increases)

Well, once my default was removed, my scores made a nice jump upwards. Also, I changed my banking from Wells Fargo, to a local credit union. The only other thing, was I was paying more than the payment was when it was with Santander, so I was actually only "upside down" in my loan by about $500. SO I would say all of the above reasons? Im really not totally sure, but I just went and talked to them, explained where I was when I started, where I was currently, and what my plans were. I opened my new accounts the next day, and 3 days later, I was refinanced.

 


06/01/17 TU 552, EQ 510, EX 514
08/06/17 TU 649, EQ 614, EX 641
09/28/17 TU 670, EQ 615, EX 640
GOAL 700+ for all 3B

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