Credit Card Center Advertiser Disclosure

Posts: 21
Registered: ‎04-02-2010
0 Kudos

Student Loan Rehabilitation is Complete, Whats Next?

Equifax(558), Transunion(550), Experian(561).


I just completed my 9th/Final payment for my Student Loan Rehabilitation(TG/Texas Guarantee) on 4/2/13, I'm just basically waiting for a Lender to pick up the loan. It was with Edfinancial before TG; but I have heard the change in score and removal of past due payments can take from 30-60 days. 


Can anyone tell me how long it takes for your loan to be picked up after rehab is complete & also what effect it will have on my credit score & if it actually does take 30-60 days for your credit report to reflect the change or is it a way I can escalate the process. Thanks. 

Established Contributor
Posts: 754
Registered: ‎11-20-2012
0 Kudos

Re: Student Loan Rehabilitation is Complete, Whats Next?

[ Edited ]

How long it takes to get picked up - varies; most people are reporting that it does happen within 30 days.

Effect it will have - hard to say, there's no automatic point award or anything. Basically, lenders will for sure remove default notations and tradelines will report with "pays as agreed" from date of original default forward. Some lenders remove the old tradeline completely, some will leave the lates leading up to the default in place. YMMV.

It does take 30-60 days for the CR to reflect the change. There is not a reliable way to speed up the process. Are you in a hurry because you'd like to app for something?

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.