06-21-2012 04:47 PM
I am enrolled in a rehab program with ACSI for 1 of my Wells Fargo student loans. I made my 1st payment on 6/1 and today I got a SW alert. I'm glad to say my score jumped 8 points & per SW, it was due to a change in my WF account. I compared my cr's & the only difference I see is in comments- they added "Fixed Rate" to it. Could this have caused the score increase and I feel dumb asking this but someone please explain to me what fixed rate is. Does it mean they are no longer adding interest??
06-21-2012 07:21 PM
Hi! Congrats on getting your rehab started
Fixed rate is probably referring to your interest rate. Was it variable before?
06-21-2012 08:07 PM
06-21-2012 08:16 PM
I know how you feel. I think we've all learned something about our student loans that way!