Reply
Regular Contributor
Posts: 181
Registered: ‎01-29-2011
0

Who should I want to pick up my student loan rehab?

Any good companies? I know I don't get a choice but I can wish and maybe make some calls..l


Starting Score: 520
Current Score: 627
Goal Score: 700


Take the FICO Fitness Challenge

Community Leader<br> Valued Contributor</br>
Community Leader
Valued Contributor
Posts: 1,350
Registered: ‎06-09-2008
0

Re: Who should I want to pick up my student loan rehab?

It doesn't really matter - and I don't know who you'd be calling.  I don't know for sure, but I would guess that rehab'd loans are sold in batches to servicers per their contracts with the Department of Education based on the availability of funds and whatever they've agreed on.  You'll get whoever is up next to take on some new loans.

 

You'll see folks complain about X or Y servicer for various reasons, but the reality is that if you're pro-active in keeping tabs on your loan and make your payments on time, they are all basically the same - I guess you might prefer one website over another, but they all do the same things.  Ultimately, they are all required to play by the same rules, and if you do you have problems, you have the same recourse with any of them by reaching out to agencies like the CFPB and Ombudsman.

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 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.

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

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com 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.