08-27-2013 08:47 AM
Thanks for the update Legions! That's great man. I'm still waiting for my dispute. Hopefully it comes back deleted. So are you finished with the process now?
Yeah I think I'm done with the process. I don't start my 1st payment until next month with the new lender. The only thing that is on there is the lates from Nelnet which is only a few and its showing paid as agreed so I don't think it is having that much of a negative impact, the plus side is that gets to come off in March 14.
As long as you did your dispute I think it will work itself out and give it about a full month to really show up right. I'm getting the feeling that each week my score jolts up close to 30 points, so next week if I have any sudden increases I will post it so u know.
All I know is i'm so excited for my credit report to be clean from any baddies, which next month I can request my last baddie to be removed when it hits the 7 year mark and then I think i'm scott free with my rebuilding.
09-05-2013 05:45 AM
My taxes were offset! I called IRS and they said to call DEPT of ED. Well the DEPT OF ED has no idea why they were offset since I was clear to file when I did. So I am being told it will be 3-4 weeks before I see my income tax :-( Well I waited this long ....
09-05-2013 06:11 AM
09-06-2013 08:37 PM
I'd at least wait the full 60 days before taking any other steps. Have you pulled your reports using annualcreditreport.com in the past 12 months? If not, that will give you a free pull on each CRA. You could also sign up for CreditKarma to keep an eye on changes to your TU report.
Disputing the old loans won't make the new tradeline show up any faster, and depending on the rest of your report and how old the negative information is, the biggest score boost may actually come from that clean, backdated tradeline.
09-08-2013 02:00 PM
I started rehab in June and will be done on Feb 15th 2014. I am looking to buy a house in the spring and was wondering how long it will take once complete with rehab before the negative items drop off and scores improve.
I'm hoping that they can send me a letter stating that I have been paying on time that I can give to my mortgage gal.
09-08-2013 02:03 PM
klondike, once your complete your 9 on-time payments, the first step is to wait for a servicer to pick up your loan(s). This step can take anywhere from a few days to several months, but it seems to be happening quickly for most people recently. After that, you'll need to wait 30-60 days for the new servicer to report and about that long for the other reporting on your account to be updated. I think you will be able to get some kind of indication that you have completed rehab to give to your mortgage lender, which should definitely help if they manually review your file before all the changes have been completed.
Rehab provides the greatest improvement to your credit, but it is definitely a waiting game and requires patience and diligence to complete.
09-08-2013 02:17 PM
Sorry if thisis already answered, but this is a 65 page thread
Were the penalties and interest added on by the collection agency removed when you completed rehab?
09-08-2013 02:25 PM
Thanks for your quick reply!
It's my own fault for being stupid as I make 145k a year or so, but it's really good to know the bad data will be replaced and I should be able to get into a house I own instead of rent early next year.
09-08-2013 02:32 PM
Thanks for the info!
I believed I read that the penalties and interest added on by the collection agency removed when you completed rehab. Can someone please confirme this is true?
My loans are with Direct Loans if that helps.