Regular Contributor
Posts: 206
Registered: ‎12-20-2012

How to correct student loan baddies?

Hi all,


I am helipng a friend rebuild her credit right now and as we go to try and remove some of her "lates" they are with student loan companies like ACS. 


Is the process any different with loan companies than it is with credit card companies? 


I am having her start with this:

1. Pay her two 30-day late accounts to current

2. Set them up on auto-withdraw from her checking so she won't forget again (she has the money, she just forgot)

3. Send GW letters requesting removal of delinquencies


Is there anything I am forgetting?


Thanks to all!

Starting Score: EXP 615 | TU 610 | EQ 635
Current Score: EXP 719 (lender pull 10/15) | TU 707 | EQ 700 (lender pull 10/25)
Goal Score: 740
Community Leader
Senior Contributor
Posts: 4,336
Registered: ‎09-06-2008

Re: How to correct student loan baddies?

Welcome to the forums!  :smileyhappy:


Sounds like you are on a great path!  Good luck!  :smileyhappy:

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Regular Contributor
Posts: 190
Registered: ‎11-27-2011

Re: How to correct student loan baddies?

great plan....keep us posted on the results....good luck

Starting Score:Equifax 543
Current Score:EQ665 TU 663 EXP625 updated 12/6/2014
Goal Score: 650

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