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I think I made a big mistake rehabbing my student loans

New Member

I think I made a big mistake rehabbing my student loans

So I defaulted on 9k (which has since ballooned to over 11k with interest) in Stafford loans back in 2007...it's since then come off my credit report and I successfully built my score back to 730.

I was getting tired of my tax offsets, and fearing a potential lien or judgment, I decided to rehab the loans. What didn't occur to me was once the loans are reported in good standing...that it will hit my ratio significantly.

Also, do the old tradelines show on the reporting??
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Frequent Contributor

Re: I think I made a big mistake rehabbing my student loans

I could be wrong, but I think they show up during rehab. But half of the point of rehab is to delete the old tradelines. I think.  So once you successfully complete rehab, they will disappear again.

Message 2 of 3
New Member

Re: I think I made a big mistake rehabbing my student loans

That's exactly what I didn't want to happen....I'd much rather be offset than have the old tradelines come back...
Oh well...lesson learned.
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