Re: Student Loan Rehabilita
tion And The Effect On Tradelines
11-27-2012 09:11 PM
Kjel, Your story is similar to mine. I just made my 6th payment to CBE group. I finish up in February. I also had cancer and was uninisured. Luckily, I beat it and now private pay my insurance to be sure I never get in that situation again.
My loans are slightly higher than yours at $120,000 but my payments are much much higher than yours at $1248 a month. I have three payments left. It is being reported on 4 tradelines which is completely inaccurate - I only have two loans as I consolidated them 8 years ago. CBE said that Dept of Ed would make sure to delete the two duplicate and erase all lates etc once I am done with rehab. I was going to contest them with the credit bureaus but decided against it since it really wouldn't make a difference until the rehab was done anyways.
June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO
Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans