cancel
Showing results for 
Search instead for 
Did you mean: 

What should we do?

Regular Contributor

What should we do?

I am working on my husband's credit report.  He has 17 tradelines that are all SLs serviced by Dept of Ed/Nelnet.  All are federal.  Of those TLs, 11 of them are showing the following lates:  

 

05/13 - 90d

06/13 - 120d

07/13 - 150d

08/13 - 180d

09/13 - 180d

10/13 - 180d

11/13 - 180d

 

We were both unemployed during that time.  I was in school FT in my Master's program and he had lost his job (for which we can provide proof to Nelnet).  My question is, what do we do with these now?  I know Nelnet doesn't GW (and I know about federal reporting requirements).  Can he call Nelnet and inquire about a backdated forbearance?  Or can we only wait them out for those lates to fall off his reports?  11 TLs showing 7 severe lates (totaling 77 late payments on his CRs) is brutal.   

F8 10/6/17: TU 578, EQ 591, EX 598 11/29/17: TU 584, EQ 602, EX 619 (01/8/18 EX 626)
MortgageFICO 10/6/17: TU 632, EQ 616, EX 590 11/29/17: TU 652, EQ 629, EX 628
CK 1/19/17: TU 498, EQ 499 10/2/17: TU 551, EQ 548 11/29/17: TU 625, EQ 625
Goal: Home Purchase
Message 1 of 3
2 REPLIES
New Contributor

Re: What should we do?

I think you will need to wait for them to fall off.

 

I doubt they will backdate a forberance 4+ years.  But, it can't hurt to try.


FICO - EQ5 707 12.29.17 - TU8 715 12.27.17 - EX8 705 01.14.18
- In the Garden since 10/15/17, until summer 2018 -
Message 2 of 3
Regular Contributor

Re: What should we do?

I think he may try for retroactive forbearance.  I know I was able to get a RF for some lates in 2011 with great lakes, also federal SLs.  I just dont know much about Nelnet and if they offer that type of thing.  

F8 10/6/17: TU 578, EQ 591, EX 598 11/29/17: TU 584, EQ 602, EX 619 (01/8/18 EX 626)
MortgageFICO 10/6/17: TU 632, EQ 616, EX 590 11/29/17: TU 652, EQ 629, EX 628
CK 1/19/17: TU 498, EQ 499 10/2/17: TU 551, EQ 548 11/29/17: TU 625, EQ 625
Goal: Home Purchase
Message 3 of 3