Re: Student Loan Rehabilita
tion And The Effect On Tradelines
12-04-2012 01:36 PM
Got my letter fron HESC today!
Stated "The NYSHESC is providing this letter as confirmation of payment in full on the educational loan account listed. This notification is also sent if your account was purchased by a lender through rehabiliation, as the debt owed to NYSHESC is paid in full. Defaulted student loans are reported to all national credit bureaus. NYSHESC will notify these credit bureaus to update your credit file to indicate that your loan is paid in full. If the debt has been rehabilitated, the loan is deleted from your credit history".
I am so happy to get the letter! It's dated November 25, 2012. I wonder how long it's going to take to update with credit bureaus?
Starting Score: EQ 523 03/2012
Current Score: EQ 649 I TU 655 (02/2013) EX 672(01/2013)
Goal Score: 700 on all CR's 04/2013