03-08-2013 08:55 AM - edited 03-08-2013 08:57 AM
Here's a little background on my Sallie Mae account...I had my loans deferred for 6 months. After the 6 months, I neglected to pay my loans. On my score watch report I have a negative 120+ days past due, and with a balance of $974. This past Feb I called Sallie Mae and got my account in good standing...my first payment is due on March 16th. I called Sallie Mae 2 days ago and asked since my account is now in good standing will the past due amount of $974 stay on my credit report. I didn't even bother to ask if the late payments will drop off b/c I've read on the forums here that Sallie Mae wont goodwill late payments.
The lady told me my account status will change to current after my billing cycle on the 17th of March. I just looked on credit karma and my Sallie Mae payment status has changed from delinquent to current.....but here's the kicker no lates are showing up at all. Is this too good to be true??!!! My vantage score on credit karma went up 31 points. I havent received any alerts from score watch. My question is will my fico score improve when an account goes from delinquent to current???
Thanks in advance for your feedback!!!!
03-09-2013 10:54 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO