cancel
Showing results for 
Search instead for 
Did you mean: 

Loan Rehab - Fedloan Serving new servicer ... new tradelines?

Valued Member

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

FedLoan finally has my loans as of 10/4!!! They have added them to my online account and I have made my first payment!

Message 11 of 31
Contributor

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

Whoo hoo!  Let us know when your trade lines update !

My FICO Scores:
9/17: EQ - 542 / TU - 535 / EX - 506 // Mortgage: 553, 545, 486
10/ 17: EQ - 558 / TU - 563 / EX - 586 // Mortgage: 554, 568, 536
11/17: EQ - 630 / TU - 589 / EX - 614 // Mortgage: 606, 606, 572
12/17: EQ - 630 / TU - 624 / EX - 619 // Mortgage: 584, 612, 671





Journey Milestones: Completed Federal Student Loan Rehab in Sept 2017. Settled First Premier Bank CC in August 2017. Constant uphill battle with Navient incorrect reporting on seven (7!) private student loans. No TLs listed in delinquency. Obsessively keeping 2 CC UTI @ 7-9% monthly.

End Goal: Pre-Approval for FHA Spring/Summer 2018
Message 12 of 31
Contributor

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

Went on Credit Karna & it looks like one of the US Dept of Ed trade lines is closed on my Equifax report.  It's not really showing any updates to my score, however they also have Navient reporting as late which is par for the course with me & them.  I also don't think CK is terribly accurate.  No new TL for the new servicer.  No changes at all from TU.

 

If CK is accurate regarding US DOE updates, it is one month to the DAY (sans weekend) that my TL was updated.  Very effecient.  

 

No updates at all on MyFICO.  I have found CK to be a little more ahead of MyFico (which is disappointing because its free)

 

UPDATE (10/13):  Experian TL updated by 100 pts--However, I also managed to pay off an old CC in September so my utilization adjusted to be a bit more in-line with what it was.  

EQ TL updated but I don't see a change in score at all - it is just showing "paid as agreed"

TU - not updated yet - i hope to see a change in score soon

 

Update 10/14:

TU Updated and increased by 70 pts!  

My FICO Scores:
9/17: EQ - 542 / TU - 535 / EX - 506 // Mortgage: 553, 545, 486
10/ 17: EQ - 558 / TU - 563 / EX - 586 // Mortgage: 554, 568, 536
11/17: EQ - 630 / TU - 589 / EX - 614 // Mortgage: 606, 606, 572
12/17: EQ - 630 / TU - 624 / EX - 619 // Mortgage: 584, 612, 671





Journey Milestones: Completed Federal Student Loan Rehab in Sept 2017. Settled First Premier Bank CC in August 2017. Constant uphill battle with Navient incorrect reporting on seven (7!) private student loans. No TLs listed in delinquency. Obsessively keeping 2 CC UTI @ 7-9% monthly.

End Goal: Pre-Approval for FHA Spring/Summer 2018
Message 13 of 31
Valued Member

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

Have you had any updates lately???

Message 14 of 31
Contributor

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

Yes I have!!

 

So this past Friday was my first payment to FedLoans.  Those new TLs are NOT reporting yet.  Which I think we agree makes sense--but I expect to see them over the next few weeks. I'm not sure what will happen when they report the new TLs under FedLoan though (see below**)

 

Basically where I am as of today is:

-all three CRAs have totally removed the  delinquency TL's from my report (+/- 60 pt increase across all three)

-all three CRSs have totally removed the amount of  charged off debt from my report (+/- 30 pt increase across the board)**

-all three CRAs have totally updated the account status on my report (+/- 20 pt increase across all three)

 

My TU score went up 120 points over these last few weeks lol

My EX score went up 100 points 

My EQ score went up 90 points, but they are very sluggish

My FICO Scores:
9/17: EQ - 542 / TU - 535 / EX - 506 // Mortgage: 553, 545, 486
10/ 17: EQ - 558 / TU - 563 / EX - 586 // Mortgage: 554, 568, 536
11/17: EQ - 630 / TU - 589 / EX - 614 // Mortgage: 606, 606, 572
12/17: EQ - 630 / TU - 624 / EX - 619 // Mortgage: 584, 612, 671





Journey Milestones: Completed Federal Student Loan Rehab in Sept 2017. Settled First Premier Bank CC in August 2017. Constant uphill battle with Navient incorrect reporting on seven (7!) private student loans. No TLs listed in delinquency. Obsessively keeping 2 CC UTI @ 7-9% monthly.

End Goal: Pre-Approval for FHA Spring/Summer 2018
Message 15 of 31
Valued Member

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

😃😃😃 that is AWESOME! !!! 

 

I am still waiting and watching my reports. I sure hope that I get mine cleared up like that!!!!

 

Message 16 of 31
Contributor

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

Thank you!  I am trying SO HARD to keep positive, and I suppose I still am pretty positive over everything, however I am still struggling to get my score up as a significant increase is required for mortgage underwriring and it seems Navient is my longtime enemy now that wont budge lol

My FICO Scores:
9/17: EQ - 542 / TU - 535 / EX - 506 // Mortgage: 553, 545, 486
10/ 17: EQ - 558 / TU - 563 / EX - 586 // Mortgage: 554, 568, 536
11/17: EQ - 630 / TU - 589 / EX - 614 // Mortgage: 606, 606, 572
12/17: EQ - 630 / TU - 624 / EX - 619 // Mortgage: 584, 612, 671





Journey Milestones: Completed Federal Student Loan Rehab in Sept 2017. Settled First Premier Bank CC in August 2017. Constant uphill battle with Navient incorrect reporting on seven (7!) private student loans. No TLs listed in delinquency. Obsessively keeping 2 CC UTI @ 7-9% monthly.

End Goal: Pre-Approval for FHA Spring/Summer 2018
Message 17 of 31
Established Member

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

Wow that's awesome! I am in the exact same situation, same lenders (DoE and FedLoan).

My rehab is complete tomorrow! I want to replicate your results. Did you disput the Tradelines, if so, how?

I want to make sure the bad TL are replaced but don't want to shoot myself in the foot. Can you give me any advice?
Message 18 of 31
Contributor

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

My advice- just let it happen. I didn’t dispute anything, However, I did put a request in directly to US Dept of Ed that they update my credit file. On their website. Not sure if it helped.

I would monitor monitor, especially at the beginning/end of each month. They only update monthly end of month
My FICO Scores:
9/17: EQ - 542 / TU - 535 / EX - 506 // Mortgage: 553, 545, 486
10/ 17: EQ - 558 / TU - 563 / EX - 586 // Mortgage: 554, 568, 536
11/17: EQ - 630 / TU - 589 / EX - 614 // Mortgage: 606, 606, 572
12/17: EQ - 630 / TU - 624 / EX - 619 // Mortgage: 584, 612, 671





Journey Milestones: Completed Federal Student Loan Rehab in Sept 2017. Settled First Premier Bank CC in August 2017. Constant uphill battle with Navient incorrect reporting on seven (7!) private student loans. No TLs listed in delinquency. Obsessively keeping 2 CC UTI @ 7-9% monthly.

End Goal: Pre-Approval for FHA Spring/Summer 2018
Message 19 of 31
Contributor

Re: Loan Rehab - Fedloan Serving new servicer ... new tradelines?

MtgGoal4Me - any updates?

 

Tomorrow is my next reporting pull from last month--which I have made payment to my new servicer--I am curious how it is going to end up.

My FICO Scores:
9/17: EQ - 542 / TU - 535 / EX - 506 // Mortgage: 553, 545, 486
10/ 17: EQ - 558 / TU - 563 / EX - 586 // Mortgage: 554, 568, 536
11/17: EQ - 630 / TU - 589 / EX - 614 // Mortgage: 606, 606, 572
12/17: EQ - 630 / TU - 624 / EX - 619 // Mortgage: 584, 612, 671





Journey Milestones: Completed Federal Student Loan Rehab in Sept 2017. Settled First Premier Bank CC in August 2017. Constant uphill battle with Navient incorrect reporting on seven (7!) private student loans. No TLs listed in delinquency. Obsessively keeping 2 CC UTI @ 7-9% monthly.

End Goal: Pre-Approval for FHA Spring/Summer 2018
Message 20 of 31