New Member
bigbob
Posts: 1
Registered: ‎08-30-2007
Anyone ever rehabilitated a student loan?
Hi all, I am in the process of rehabbing a student loan. Was wondering if "as they say" your credit reports will be removed of all the defaults and negatives once the loan is in fact rehabilitated.

Thanks in advance,
Rob
Established Contributor
Badcreditguy
Posts: 623
Registered: ‎08-14-2007
Re: Anyone ever rehabilitated a student loan?
i rehabilitated my stutdent loans and the defaults were take off just not the lates
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
Re: Anyone ever rehabilitated a student loan?


Badcreditguy wrote:
i rehabilitated my stutdent loans and the defaults were take off just not the lates





This is correct-
Also make SURE is is out of default before consolidating or paying it off.
Regular Contributor
MsRN2000
Posts: 236
Registered: ‎07-21-2007
Re: Anyone ever rehabilitated a student loan?
Yes, I did it a couple of years ago.  It works as they say -
Regular Contributor
ChaoticKinesis
Posts: 238
Registered: ‎08-31-2007
Re: Anyone ever rehabilitated a student loan?
I'm doing this right now but it was supposed to have been picked up by another lender almost 2 months ago and when I contacted them about it they just say it may take some more time. Also nothing has been changed on CR's since the time I started paying last December. Is that normal?
New Member
Prsnltrnr
Posts: 1
Registered: ‎09-03-2007
Re: Anyone ever rehabilitated a student loan?
I rehabbed my loan too.  Sometimes it does take time to clear this process.  But once you get picked up by another lender...you get reported as having a good history in repayment.  They say it take 12 months to clear up your loan history by good repayments.  Mine took 6.  Be patient...it will work if you keep up with your in time payments!  Good Luck...Mike
Established Member
phillippbo
Posts: 26
Registered: ‎06-22-2007
Re: Anyone ever rehabilitated a student loan?
Ditto here, it works as advertised.  Just be sure to keep everything they give you in writing, because sometimes a lender (like Citibank, in my case) just doesn't want to go about changing what they're supposed to change and it takes some diligence.