Hey there,
I defulated on my 2 loans back in 2010, I have just finished rehabilitating them. One of them is Salie Mae and they bought back the loan. Second is Department of Education, I have rehabilitated this one this last month but have not received letter on status just yet.
I was never late on any previous payments, until I defaulted, up until I defaulted it has long positive history of on time payments. It goes like this:
OK OK OK OK 30 (default start) 60 90 120 120 120
What I want to know is will loan rehabilitation remove all those late payments off my credit report?
Thanks in advance!
Aug 2011: EX: Below 500's EQ: Below 500's TU: Below 500's
April 2013: EX: 561 EQ (myFICO): 606 TU: 614
May 2013: EX: 689 EQ (myFICO): 623 TU: 615
June 2013: EX: 712 EQ (myFICO): 659 TU: 649 EQ Direct: 576
Finished rehab August 2012. Equifax no longer shows any deliquency, Experian has one deliquent account, and Transunion has 2 reporting.