06-08-2008 08:59 AM
I under stand that a federal student pluse loan could be denied for these
If you have any one of the following items on your credit report within the last five years, you may not be eligible for a PLUS Loan:
Government Claim on Defaulted Loan or Title IV Write-Off
90 days or more delinquent on any debt, Collection Account, or Charge-Off
Foreclosure, Foreclosure proceedings started, or Deed-in-Lieu of Foreclosure
Credit Line Closed, Lease or Contract Terminated by Default
Voluntary Surrender, Repossession or Wage Garnishment
County/State/Federal Tax Lien, Government Claim on Secured Real Estate
I was denied by Wells Fargo Bank for Collection activity on my report,
it was from a debt that was charged off over 6 years and just bought by a Collection agency
and put back on my report as a new Collection.
What can I do?
06-08-2008 09:53 AM
06-13-2008 08:24 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO