I know this topic has been addressed on this forum, and I wanted to continue to add my Nelnet experience. I defaulted on my student loans, and successfully rehabilitated them in August of 2012. My studen loans were lumped into two different accounts (both from Nelnet) prior to the default. Nelnet takes just one monthly payment and applies it to both accounts accordingly. Prior to rehabilitation, both accounts showed numerous 60+ and 120+ delinquencies. I attempted to explain that I had some serious life changes that caused me to default and was very respectful and acknowledged my responsibilities. I sent this letter about 5 business days ago via mail, and I just received the response "Your accounts are reporting accurately to the the major credit bureaus" meaning that they will not remove the previous lates on the old account I had that defaulted. My student loans date back to 2007, and my new rehabilitated accounts had the default removed and were updated to show perfect payment history since 2007. I still find it to be a bit contradictory to show the old accounts with the same student loans showing missed payments, but the new account to show perfect payment history in those same months. Hey, the loans were my responsibility so I cant complain too much. After 2 years of hard work following advice from myfico, my score has definitely increased and now Iam on my way to being a home owner. Good luck to everyone with improving your financial status, scores, and knowledge...wish I knew half of what I know now 10 years ago.
Starting Score: 580
ZeroG1MC wrote:
I know this topic has been addressed on this forum, and I wanted to continue to add my Nelnet experience. I defaulted on my student loans, and successfully rehabilitated them in August of 2012. My studen loans were lumped into two different accounts (both from Nelnet) prior to the default. Nelnet takes just one monthly payment and applies it to both accounts accordingly. Prior to rehabilitation, both accounts showed numerous 60+ and 120+ delinquencies. I attempted to explain that I had some serious life changes that caused me to default and was very respectful and acknowledged my responsibilities. I sent this letter about 5 business days ago via mail, and I just received the response "Your accounts are reporting accurately to the the major credit bureaus" meaning that they will not remove the previous lates on the old account I had that defaulted. My student loans date back to 2007, and my new rehabilitated accounts had the default removed and were updated to show perfect payment history since 2007. I still find it to be a bit contradictory to show the old accounts with the same student loans showing missed payments, but the new account to show perfect payment history in those same months. Hey, the loans were my responsibility so I cant complain too much. After 2 years of hard work following advice from myfico, my score has definitely increased and now Iam on my way to being a home owner. Good luck to everyone with improving your financial status, scores, and knowledge...wish I knew half of what I know now 10 years ago.
Dont give up. I got good will adjustments on all of my nelnet accounts. i believe there are 8 of them. . . Would you like e-mail contacts?
Starting Score: 526 EXP 09/2012 600 FICO 10/2012 608 EX (lenderpull)11/2012
bahbahd wrote:
NewbieReed wrote:
Dont give up. I got good will adjustments on all of my nelnet accounts. i believe there are 8 of them. . . Would you like e-mail contacts?
How did you do that? Wow. I have emails yet I'm never sure they were received.
Email contacts given to me by another user . So I just sent a truthful , heart felt letter explaining my situation to every one of them lol. idk. I guess it just got to the right person at the right time, ya kno?
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