Regular Contributor
Posts: 200
Registered: ‎03-15-2012
Re: What can I expect?? Rehabbing with Windham Professionals

Also, as a benefit of rehabbing, a lot of those penalties will fall off. 

 

For example, I had $21k in student loans before default. That skyrocketed to $28k. Once rehab is done, the penalties will reduce to like 18% or something, which brings my owed amount down to like $25k-ish. You should get the specific terms in the rehab paperwork they send you. Read it carefully!

2009-10 - C/Os
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