Re: Student Loan Rehabilita
tion And The Effect On Tradelines
11-29-2012 03:48 PM
Today I spent over 2 hours on the phone with DOE. Here is what I have. I had 3 loans in 2005. I defaulted in 2009. DOE Default Services Group takes control of defaulted loans. They are responsible for collection, so they add a second set of tradelines for the collections portion.
After the 9th payment, the collections tradelines were removed. I was picked up and now pay a servicer. The original tradelines are now being reported at "Paid in collections" with all the key derogs.
So that is it. I am not sure how some people get both tradelines deleted but only the collections tradelines are supposed to be deleted.
On a good note, there was an error on a tax lein that I disputed. The lein was from Jan 2010 and paid in June 2012. Instead of fixing the error, they just deleted the tradeline. FICO score jumped 15 points.
MyFico '08 3 Fico Mar15: EQ=706, EX=704, TU=694
Mortgage Ver3 Score: JAN15: EQ= 704, EX=733, TU=697
MyFICO '08: DEC2014: EQ=704, TU=694
MyFICO '08: AUG2014: EQ=707, TU=693, EX=711
MyFICO '08 JUN2014: EQ=700, TU-688
MyFICO JAN2014: EQ=704, TU=720, EX=708
MyFICO MAY13: EQ=701, TU=708, EX=705 (Lender Pull).
MyFICO JAN13: EQ=701; TU = 677) 2 years after filing BK7, 18 months after discharge in JUN11
MyFICO (SEP12: EQ=677; TU=670) 16 months after discharge BK7.
MyFICO (JUL12: EQ=671) 13 months after BK7.