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Regular Contributor
loviedovie
Posts: 203
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
laz98
Posts: 4,275
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: 766. MyFICO TU: ---. DCU EQ: 741. PSECU EX: 756.
Regular Contributor
doc101
Posts: 177
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:EQ655 TU 625 EXP665 updated 12/14/2013
Goal Score: 650


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