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How to correct student loan baddies?

Regular Contributor

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: 580
Current Score: 780
Goal Score: 800


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2 REPLIES
Senior Contributor

Re: How to correct student loan baddies?

Welcome to the forums!  Smiley Happy

 

Sounds like you are on a great path!  Good luck!  Smiley Happy

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Message 2 of 3
Regular Contributor

Re: How to correct student loan baddies?

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


Starting Score:Equifax 543
Current Score:EQ659 TU 716 EXP677 updated 7/3/2016
Goal Score: 700


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