Okay, here we are in December. Approximately 3 months post-rehab and I got a notification yesterday that TransUnion is the first of the three to be reporting them. My balance went up, and my credit score only dropped one point. My monthly credit report is actually supposed to update today, so I will see what that payment history looks like. I am thinking it will only have the 3 months in it.
1 point drop is very good considering the balance amount
Since the last time I posted not much has change on my reports.... Scores still pretty much the same. EX 682 (+1 pt) TU 681 (0) EQ 678 (-1 pt)
FedLoan still hasn't shown up, but when I spoke with them last week I was told that they were reported for December. So, maybe within the next 30 days it will be visible on the report.
If I experience a score change of any significance I will have to take other factors in consideration as well.
*I had my only collection on EQ deleted.
*1 new hp on TU
*1 new CC account reporting on all 3.
* On 12/9 I applied to have 9 of the 13 consolidated into 1 loan. (The other 4 I plan to pay off in full 1 at a time.)
I am now just tryin to get my scores to 700!!! Those loans will just have to naturally work themselves out. I'm tired of stressing over them! I'm more focused now on the overall rebuild and maintaining good financial behaviors/routines.
So, I personally don't know enough to recommend a company that is the best. Plus, I wouldn't want to discredit this board and the knowledge here at ALL.
I went with my mortgage brokers recommendation for the sole fact that he deals with reporting issues all of the time. Am I 100% sold on this company? No. Someone else mentioned that they don't have a lawyer on staff--I agree that is a drawback. Sometimes I have to tell THEM about my progress--they don't soft pull as frequently and I am so proactive right now that I call in & know more than they do haha. However, they recommended a negotiation tactic with First Premier that saved me $250 during settling.
Have they been effective in raising my credit score? It's totally hard to tell because of the rehab--I would imagine I am pulling the weight of the improvements. Keeping my UTI low and watching like a hawk on how Navient is currently reporting has done me well.
They have removed a good portion of unverifiable reporting through all three bureaus. However, with how bad things are with Navient right now, I would argue that it's hard to "really see". I agree with folks on here that you can go at it on your own--but I have the room in my budget and I will give them until April-May 2018 to keep chunking away at Navient.
@ MtgGoal4Me -- I feel like you and I are prob closest in timeline. I attribute my increase to both the rehab and settling with First Premier--they still reported an overusage on revolving credit & when I settled it stopped reporting that way.
I had two loans in that rehab--one consolidated federal unsubsidized & one consolidated federal subsidized. Together the loans total $45k.
During the time period I was in school was when the stock market crashed and interest rates at the time were around 9%. I was able to consolidate years later, just out of my own decision, and get a significant interest rate reduction. The individual loan trade lines still show.