Re: Student Loan Rehabilita
tion And The Effect On Tradelines
04-25-2011 10:18 AM
Well, I hope I can pay the karma forward to you.
I have a loan through Direct Loans. Back a couple of years ago, I let it get waaaay out of hand it was around 120 days past due. I called DL and set up a rehab program (they really are about the most helpful people in the world). I was told that if I make either 9 or 10, I think 10 months worth of payments, that they would rehab the loan and the TLs would be deleted that showed the lates.
Fast forward a year and some change and I had paid the 10 months. Within a month's time, automatically, the negative tradelines disappeared. I literally had a ton of marks on my CR because of DL and now all it shows is positive tradelines. I hope you experience the same thing, but again, I have my loan through Direct Loans.
Starting Score: 584TU / 580EQ
Current Score: 670 TU / 680EQ
Goal Score: 720 TU / 720 EQ
Take the FICO Fitness Challenge