Frequent Contributor
MissMia75
Posts: 389
Registered: ‎05-02-2011
GW successful!!!

Okay my fellow credit builders, lol.   I have 7 accounts with NelNet (why they are separate student loans I have no idea...lol) and allowed them to fall behind 120-150 days late.  Each reporting tanked my score.  Last week a GW letter was sent to some executives who took pity on my letter and gave me a second shot.  Honesty truly is the best policy.  i submitted documentation of each incident to substatiate my case.  I checked my credit report this morning and EQ was the first to report the change in all 7 trade lines as PAID AS AGREED!  To them I will forever be grateful.  With all of this I am wodering if I will see a substatial increase in my scores?


Starting Score: 06/2011 505 EX 523 Lender Pulled
Current Score: 08/2011 628 EX 575 Lender Pulled
11/14/2011 TU 584

Goal Score: 700


Take the FICO Fitness Challenge
***Closed on my home 05/18/2012***


Frequent Contributor
MissMia75
Posts: 389
Registered: ‎05-02-2011
Re: GW successful!!!

Correction EQ, and EX has reported the changes.  I am just awaiting TU....

 

Whooo Hooooo!!!!!


Starting Score: 06/2011 505 EX 523 Lender Pulled
Current Score: 08/2011 628 EX 575 Lender Pulled
11/14/2011 TU 584

Goal Score: 700


Take the FICO Fitness Challenge
***Closed on my home 05/18/2012***


Frequent Contributor
Tooliebell
Posts: 395
Registered: ‎08-11-2010
Re: GW successful!!!

Ahhh, you give me hope! I have a recent 90 day late that took place while trying to get my payment option changed and a consolidation done. 

 

I just sent a letter yesterday to the CEO to see if he would consider removing the late.  I am hopeul for an outcome such as yours!

 

If you get a second, PM who and what address you mailed to so I can compare to mine, and if it was different I will know a different route to take if I don't get an answer.

Regular Contributor
kenworthguy
Posts: 130
Registered: ‎09-23-2010
Re: GW successful!!!

Congrats MissMia75, thats great, I hope you get the increase your hoping for, keep it up and continued success. 

Regular Contributor
mocha82
Posts: 208
Registered: ‎03-11-2007
Re: GW successful!!!

Were the loans private student loans?  I have loans with Sallie Mae and I thought about sending GW letters to them but I heard that with SL that aren't private loans that it is impossible to get them to delete the late payments.

Closed on my 1st home on: 11/30/2011
First Guaranty Mortgage Corporation (FGMC)
Starting Score:Equifax: 490 (01/14/2011)Transunion: 498 (01/14/2011)
Current Score: Equifax: 609(07/09/2012) Transunion: 644 (10/14/2011) Experian: 593 Lender Pull (08/22/2011)

Goal Score: 700

Take the FICO Fitness Challenge


Frequent Contributor
MissMia75
Posts: 389
Registered: ‎05-02-2011
Re: GW successful!!!

mocha82 wrote:

Were the loans private student loans?  I have loans with Sallie Mae and I thought about sending GW letters to them but I heard that with SL that aren't private loans that it is impossible to get them to delete the late payments.



Hey Mocha82 the student loans in question were not of a private entity.   I dont see an issue with you sending the GW letters to Sally Mae.  You will never get a response if you never ask a question.  I say go for it!!!  I am about to send you a PM real quick.


Starting Score: 06/2011 505 EX 523 Lender Pulled
Current Score: 08/2011 628 EX 575 Lender Pulled
11/14/2011 TU 584

Goal Score: 700


Take the FICO Fitness Challenge
***Closed on my home 05/18/2012***


Established Member
MortgageBound
Posts: 15
Registered: ‎03-28-2011
Re: GW successful!!!

Congrats to you! I love to read about GW success!!!! I'm sure you'll see some increase in your FICOs


Starting Score: 652 EQ 3/2011
Current Score: 722 EQ 5/19/2011
Goal Score: 750

Take the FICO Fitness Challenge