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Valued Contributor
bigblue7722
Posts: 1,249
Registered: ‎05-17-2013
0

Made my last rehab payment on Friday

I had one student loan that went into default. The loan started with citibank where I had 4 late payments then got sold to sallie Mae where I have about ten late payments. USA funds showed up on my credit report and started reporting lates sense last October because of the default . I started my journey all the way back in February and have made every payment to general revune Corp and have not had one issue. They have been really good and fair to me they actually called me to have me submit my last payment early so my loans could get picked up sooner. I'll keep everyone posted on my score jump and let you guys know how long it took for the loans to be picked up. Thank you everyone on here and a big shout out to guniness56 for answering all my questions.
TU08 Fico Score (689)-Goal Score-(750)
AMEX PRG NPSL,CSP $6000, AMEX BCE $5000, Chase Marriott $5000,Chase Hyatt $5000, Capital One Quicksliver $3500,Chase Freedom $3200, Discover it $3000,Paypal smart connect $3000, Sallie Mae Mastercard $2900
Established Contributor
InvincibleSummer3
Posts: 640
Registered: ‎11-20-2012
0

Re: Made my last rehab payment on Friday

Congratulations! :smileyhappy:

Valued Contributor
bigblue7722
Posts: 1,249
Registered: ‎05-17-2013
0

Re: Made my last rehab payment on Friday

Just an update. I called general revune Corp last night to check the status of my rehab. They said my loan will be picked up Nov 4th so about a month after I made my 9th payment. The lady said that 2-3 weeks after Nov 4th I'll receive who picked up my loan I am assuming sallie Mae. Also she said 30-45 days from Nov 4th the USA funds tradeline will be deleted from my credit report. So I am hoping to have everything cleared up by Dec 15th as an early Christmas present lol. I was hoping I could get this done sooner but there's nothing I can do about it.
TU08 Fico Score (689)-Goal Score-(750)
AMEX PRG NPSL,CSP $6000, AMEX BCE $5000, Chase Marriott $5000,Chase Hyatt $5000, Capital One Quicksliver $3500,Chase Freedom $3200, Discover it $3000,Paypal smart connect $3000, Sallie Mae Mastercard $2900
Valued Member
klondike
Posts: 111
Registered: ‎09-05-2013
0

Re: Made my last rehab payment on Friday

Congratulations!

 

I make my last payment on 2/15/2014. I have seen several people mention that calling your lender can help expedite the whole transition process to getting your records cleared up. One individual had the negative lines deleted a couple days after rehab was completed.


Starting FICO EQ Score: 597
Current FICO EQ Score: 664
Goal FICO EQ Score: 750


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Member
tink10
Posts: 6
Registered: ‎07-24-2013
0

Re: Made my last rehab payment on Friday

Congrats! I made my last rehab payment to Texas Guaranteed the same day you did. A week or so before I made the payment I called to find out what would happen next and they said that my loan would be picked up by a new lender at the end of the month and it would tak 30-45 days to update my credit report.

 

I called TG this past Monday just to make sure they got my payment, and lo and behold my loan had already been assigned to a new lender, Nelnet. She congratulated me and gave me Nelnet's contact information, and said my credit reports would be updated at the end of the month. Afterwards, I called Nelnet and spoke to someone who helped me get set up online and we worked out my payment plan.

 

I'm so glad I did this, everyone I have dealt at both TG and Nelnet with has been so kind and helpful. I wish I had known about the rehab program a long time ago. Now just to wait and see if my score goes up once the new reporting hits!

07/2013 - EX: 651; EQ: 627; TU: 573
08/2014 - EX: 663; EQ: 648; TU: 662

Goal: 700+ across the board!
Valued Contributor
bigblue7722
Posts: 1,249
Registered: ‎05-17-2013
0

Re: Made my last rehab payment on Friday


tink10 wrote:

Congrats! I made my last rehab payment to Texas Guaranteed the same day you did. A week or so before I made the payment I called to find out what would happen next and they said that my loan would be picked up by a new lender at the end of the month and it would tak 30-45 days to update my credit report.

 

I called TG this past Monday just to make sure they got my payment, and lo and behold my loan had already been assigned to a new lender, Nelnet. She congratulated me and gave me Nelnet's contact information, and said my credit reports would be updated at the end of the month. Afterwards, I called Nelnet and spoke to someone who helped me get set up online and we worked out my payment plan.

 

I'm so glad I did this, everyone I have dealt at both TG and Nelnet with has been so kind and helpful. I wish I had known about the rehab program a long time ago. Now just to wait and see if my score goes up once the new reporting hits!


Congrats to you too! I wish i knew about the rehab program a long time ago too. I am hoping to see atleast 40 points on each of my reports. I just wish we good get this over with faster lol.

TU08 Fico Score (689)-Goal Score-(750)
AMEX PRG NPSL,CSP $6000, AMEX BCE $5000, Chase Marriott $5000,Chase Hyatt $5000, Capital One Quicksliver $3500,Chase Freedom $3200, Discover it $3000,Paypal smart connect $3000, Sallie Mae Mastercard $2900
New Visitor
rrvaliente
Posts: 1
Registered: ‎10-25-2013
0

Re: Made my last rehab payment on Friday

Congrats!! Im actually in the process of contacting my agency to put my defaulted loan into rehab. What kind of amount could I expect for a defaulted loan of $4500??

Any tips??

Valued Contributor
Involver
Posts: 1,234
Registered: ‎07-16-2013
0

Re: Made my last rehab payment on Friday

The amount you will have to pay will depend on your income and your monthly bills.  I am currently in the 4th month of rehab for roughly $15k and I pay $180 per month.

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Valued Contributor
bigblue7722
Posts: 1,249
Registered: ‎05-17-2013
0

Re: Made my last rehab payment on Friday

I paid 80 bucks a month and I owed about 5k so I would say right around there.
TU08 Fico Score (689)-Goal Score-(750)
AMEX PRG NPSL,CSP $6000, AMEX BCE $5000, Chase Marriott $5000,Chase Hyatt $5000, Capital One Quicksliver $3500,Chase Freedom $3200, Discover it $3000,Paypal smart connect $3000, Sallie Mae Mastercard $2900
Valued Member
klondike
Posts: 111
Registered: ‎09-05-2013
0

Re: Made my last rehab payment on Friday

Mine should be around 350.00 a month when I finish in Feb of 2014.


Starting FICO EQ Score: 597
Current FICO EQ Score: 664
Goal FICO EQ Score: 750


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