Re: Student Loan Rehabilita
tion And The Effect On Tradelines
11-06-2012 08:42 AM
NSLDS.ed.gov (national sudent loan DB) has finally marked my loans as 'in repayment' (effective 10/11/12). Although the balance doesn't look right .. it's about $5k in captilized interest short.
USA Funds is already off my credit report. I don't know when that happened, since USAA stopped daily pulls and I was not in the mood to pay more for it. My FAKOs increased dramatically. As of Nov 2, my FICO went up about as much as a normal monthly increase. A little disappointing because...
I'm about to get hit with at least one new tradeline.. Bought a brand new car (got exactly what I wanted and financing was no issue. still don't know my financing company or APR, but they let me drive the car outta there!!! I guess my $7k downpayment helped! haha).
I do NOT have a new Sallie Mae tradeline on my CR yet. I don't know if it will also be a new TL, if it will be a backdated TL, or if they will pick back up on their original TL.
So between NSLDS and my CR, it looks like Sallie Mae is the one that is lagging.
I will update as I have more info!!
2011 - Debts paid, no open credit
2012 - Rebuilding started, secured cards opened, SL rehabbed - EQ myFICO 636
2014 - 10k Discover, 3.5k Freedom, AmEx Green, SL, Auto Loan - EQ myFICO 695