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11-09-2012 11:53 AM
You will notice below that i have updated my scores. In particular I have updated my FICO which has increased exactly 83 pts to date. 83 PTS!!!! WOOHOO!!! Thats just the first increase. There are still two tradelines that need to be removed off my Equifax CR so I'm hoping for another jump at the end of this month. My original lender was Sallie Mae. Then my loans were bought and consolidated by AES (American Education Services). So in answer to apandabears question, not only did the AES TL's get removed but also the Sallie Mae ones. More to come at the end of the month. My update will probably be later than that because my wife and I are moving to Florida so we'll be kind of busy but I will definitely update you guys in the early part of December.
11-09-2012 12:40 PM
11-10-2012 11:37 AM
My original lender was Sallie Mae. Then my loans were bought and consolidated by AES (American Education Services). So in answer to apandabears question, not only did the AES TL's get removed but also the Sallie Mae ones. More to come at the end of the month. My update will probably be later than that because my wife and I are moving to Florida so we'll be kind of busy but I will definitely update you guys in the early part of December.
Wow, you're having better luck with the Sallie Mae tradelines than I am.
I noticed today my original Sallie Mae TL on my Experian report was altered a bit. Status changed from the default/paid by gov't to "Transferred/Closed." I pulled my annual free report to see the full payment history (USAA only shows 2 years) and they had NOT changed the payment history. BUMMER. But I was prepared for that anyway.
And time for something strange!
I got a letter from USA Funds (dated Nov 1) congratulating me on finishing rehab, yadda yadda, we have a new lender for you, blah blah... It's ACS...
ACS??!?! What? I just made a payment to Sallie Mae. They are reporting on my new loans. Even NSLDS is showing Sallie Mae as the lender.
Color me confused.
So unless ACS sends me something, I'm going to ignore that. How weird. Did someone get their lender codes mixed up when filling in my robo-letter??
But all in all, slow progress with the TLs. I'm happy to be done with rehab, and glad my loans were picked up so quickly. Currently paying $20 over the minimum just as an interest cushion, plus it's closer to what I was paying the collection agency.
11-19-2012 08:02 PM
What kind of student loans did you have? I had it with Citibank, defaulted, then Sallie got it, defaulted, the the dept of ed has it and I'm doing the rehab now and have 5 months to go.What exatly did they get rid of in your trade lines? I'm hoping my score gets up high enough to get a mortgage in spring or ealry summer. How may points did you jump?
11-27-2012 03:59 PM
This thread is a great wealth of info and I am glad to have found it. I am in the middle of rehabilitating my Direct Loans which are currently being serviced by CBE Group. So far the payments have been posting ($50/month on $100K) and finally I see them on the myeddebt.com website since the payments go to DOE. Hoping that I get a boost in score once the loans are rehabbed and picked up again by Direct Loans. I still have a big hill to climb with my credit due to the one-two punch of being unemployed last year and an uninsured cancer diagnosis last year but little by little as they say. Thankfully, this year has been much better-healthy and employed
11-27-2012 09:11 PM
Kjel, Your story is similar to mine. I just made my 6th payment to CBE group. I finish up in February. I also had cancer and was uninisured. Luckily, I beat it and now private pay my insurance to be sure I never get in that situation again.
My loans are slightly higher than yours at $120,000 but my payments are much much higher than yours at $1248 a month. I have three payments left. It is being reported on 4 tradelines which is completely inaccurate - I only have two loans as I consolidated them 8 years ago. CBE said that Dept of Ed would make sure to delete the two duplicate and erase all lates etc once I am done with rehab. I was going to contest them with the credit bureaus but decided against it since it really wouldn't make a difference until the rehab was done anyways.
11-28-2012 06:22 AM
11-29-2012 03:48 PM
Today I spent over 2 hours on the phone with DOE. Here is what I have. I had 3 loans in 2005. I defaulted in 2009. DOE Default Services Group takes control of defaulted loans. They are responsible for collection, so they add a second set of tradelines for the collections portion.
After the 9th payment, the collections tradelines were removed. I was picked up and now pay a servicer. The original tradelines are now being reported at "Paid in collections" with all the key derogs.
So that is it. I am not sure how some people get both tradelines deleted but only the collections tradelines are supposed to be deleted.
On a good note, there was an error on a tax lein that I disputed. The lein was from Jan 2010 and paid in June 2012. Instead of fixing the error, they just deleted the tradeline. FICO score jumped 15 points.
11-29-2012 06:37 PM
@Kathy4NU: I am glad that your health is on the mend too. Thankfully I now have employer based coverage with no exclusions for the pre-existing conditions now and supplemental disability insurance that I can take with me if I leave the employer. After CBE basically stalked me for a few weeks without leaving messages, I received a letter from them that they had picked up the loans from DoE. They were pretty easy to deal with and offered me $12/month for 9 months based on my last year's tax return and change in family status (new husband and new baby!). That felt a little chintzy since I have a decent income now to $50 it was. I am hopeful that the post rehab process will go smoothly and the DoE lines go to a paid never late status. Keep us updated on how they perform on this end!