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Rehab #1 & #2 completed - timeline/DPs NMSL/180Resolutions & ECMC (Navient)

LaHossBoss
Senior Contributor

Rehab #1 & #2 completed - timeline/DPs NMSL/180Resolutions & ECMC (Navient)

I just wanted to start a thread on completing SL Rehab with 180Resolutions, collecting for NMSL/NMSLGC, in case anyone needs DPs in the future. This is also a journal for myself.

 

I will update this thread along the way regarding timeline of moving SLs to same/new servicer, score changes, when defaults are removed (and if OCs are), setting up repayment plan, any hiccups or surprises during this journey, etc.

 

11/30/2020:

* Emailed my rep to ask questions about process and expectations after last payment. They previously stated they could have streamlined my completion of rehab early (right after payment 8), but I opted to not do that, so I do not have DPs for that.

 

12/1/2020:

* Rehab payment 9 of 9 made

* Still no response to email. I am going to call later and see if I can get any info.

 

Thanks!




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 651] [EQ5 684] [VS3 630] | TU [F8 717] [F9 692] [TU4 723] [VS3 639] | EX [F8 718] [F9 673] [EX2 681] [VS3 675]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 661] [F9 622] [EQ5 677] [VS3 646] | TU [F8 705] [F9 673] [TU4 639] [VS3 627] [VS4 666] | EX [F8 719] [F9 708] [EX2 679] [VS3 665]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 1 of 88
87 REPLIES 87
LaHossBoss
Senior Contributor

Re: Rehab #1 completed - timeline/DPs NMSL/180Resolutions

12/1/2020:

 

Got email response that rehab will be finished processing on 12/4 or 12/21 and regardless, will be off reports by 1/1/2021.

 

They said it still may take 30d to process, so I assume they mean that they will request removal for the bureaus on 1/1/2021.

 

On 1/1/2021 the loans should be returned to the orignal servicer, NMSL and I will receive info about due date, payments, etc. I will likely call them weekly until then to make sure to set up IBR straight away, as this servicer has the biggest chunk of my 135k in SLs.

 

I will update if things get moving sooner regarding the removal from my CRs!




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 651] [EQ5 684] [VS3 630] | TU [F8 717] [F9 692] [TU4 723] [VS3 639] | EX [F8 718] [F9 673] [EX2 681] [VS3 675]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 661] [F9 622] [EQ5 677] [VS3 646] | TU [F8 705] [F9 673] [TU4 639] [VS3 627] [VS4 666] | EX [F8 719] [F9 708] [EX2 679] [VS3 665]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 2 of 88
Belle2018
Regular Contributor

Re: Rehab #1 completed - timeline/DPs NMSL/180Resolutions

Congrats on completing your loan rehab. I wish I would've rehabbed my loans instead of just consolidating. 

Message 3 of 88
LaHossBoss
Senior Contributor

Re: Rehab #1 completed - timeline/DPs NMSL/180Resolutions


@Belle2018 wrote:

Congrats on completing your loan rehab. I wish I would've rehabbed my loans instead of just consolidating. 


Thanks!

 

Sometimes I feel like they do not explain the difference between the two well or at all. Sometimes they make it sound like consolidation is the better path for some reason or that it will lead to the same result. I feel like the CSRs that help people with defaulted SLs would have a bit more training on the differences.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 651] [EQ5 684] [VS3 630] | TU [F8 717] [F9 692] [TU4 723] [VS3 639] | EX [F8 718] [F9 673] [EX2 681] [VS3 675]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 661] [F9 622] [EQ5 677] [VS3 646] | TU [F8 705] [F9 673] [TU4 639] [VS3 627] [VS4 666] | EX [F8 719] [F9 708] [EX2 679] [VS3 665]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 4 of 88
quikj9
Regular Contributor

Re: Rehab #1 completed - timeline/DPs NMSL/180Resolutions

Congrats on finishing your student loan rehab! I'm hopeful that your credit reports update swiftly and your old TLs are removed. 




Message 5 of 88
Belle2018
Regular Contributor

Re: Rehab #1 completed - timeline/DPs NMSL/180Resolutions

Any updates?

Message 6 of 88
LaHossBoss
Senior Contributor

Re: Rehab #1 completed - timeline/DPs NMSL/180Resolutions


@Belle2018 wrote:

Any updates?


Nothing yet! I have been checking daily.

 

NSLD still shows 11 loans in default (all of them). 5 are with NMSL/180 resolutions.

 

My SO finished both his rehabs, as well. 1 with NMSL/180 resolutions and that still has not updated with NSLD nor any email/mail, yet.

 

Interestingly, his SL rehab with FedLoan/FH Cann that was just completed does halfway show on NSLD. His account only ahows 3 of 7 loans in default, but it still shows with Debt Management, and when we click on it, still shows in default.

 

Anxiously waiting! Will update when any of these 4 rehabs (between me and SO) have some movement!

 

I still have 1 set of 4 loans in default that I was never able to set up rehab for (lots of irregular income issues). I am going to set it up this month, one way or another, since starting 1/31/2021 is when FedLoan will persuing defaults again. Luckily SO did his rehab with them without having to make a single rehab payment.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 651] [EQ5 684] [VS3 630] | TU [F8 717] [F9 692] [TU4 723] [VS3 639] | EX [F8 718] [F9 673] [EX2 681] [VS3 675]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 661] [F9 622] [EQ5 677] [VS3 646] | TU [F8 705] [F9 673] [TU4 639] [VS3 627] [VS4 666] | EX [F8 719] [F9 708] [EX2 679] [VS3 665]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 7 of 88
LaHossBoss
Senior Contributor

Re: Rehab #1 completed - timeline/DPs NMSL/180Resolutions

I called NMSL today and they said that my SLs have not been sent back to them yet.

 

180 Resolutions said it would be 12/4 or 12/20, so I am guessing it will be 12/20. I will give them a call on that date - I already made a notification in my calendar haha

 

The paitent waiting continues!




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 651] [EQ5 684] [VS3 630] | TU [F8 717] [F9 692] [TU4 723] [VS3 639] | EX [F8 718] [F9 673] [EX2 681] [VS3 675]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 661] [F9 622] [EQ5 677] [VS3 646] | TU [F8 705] [F9 673] [TU4 639] [VS3 627] [VS4 666] | EX [F8 719] [F9 708] [EX2 679] [VS3 665]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 8 of 88
LaHossBoss
Senior Contributor

Re: Rehab #1 completed - timeline/DPs NMSL/180Resolutions

12/22/2020:

 

Called NMSL/180 Resolutions:

 

Still not transferred over. They said to call at the end of the month to see if they received them yet. I will be calling before then lol. They did say the transfer process did start on the 20th, as they had stated that was one of the two possible dates for it to happen. I will also receive a welcome packet at some point in the mail. These loans will be returned to the original servicer (NMSL/NMEAF).

 

Update on SL rehab #2:

 

I made payment 9 of 9 on the 19th and they confirmed that it has processed through and has been posted/credited (while not showing on the website yet). This makes my rehab complete! They do not have a list of servicers of where they could be transferred to, but that I should keep a look out the next couple weeks for a welcome packet from whoever picks them up.

 

I will post more updates as things move along.

 

Oh, also, both CAs said that the defaults are in the works to be removed from my CRs. I can't wait to see if the OC's loans are removed (NMSL). Since they are going back to the same servicer, I can only hope so! Not worried about the rest, as all the other TLs eother have or are going to age off regardless of what happens when the defaults are removed. NMSL is the wild card for both me and SO. If they do not remive the TLs, it will not be until 2022 for SO and 2023 for me when they age out.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 651] [EQ5 684] [VS3 630] | TU [F8 717] [F9 692] [TU4 723] [VS3 639] | EX [F8 718] [F9 673] [EX2 681] [VS3 675]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 661] [F9 622] [EQ5 677] [VS3 646] | TU [F8 705] [F9 673] [TU4 639] [VS3 627] [VS4 666] | EX [F8 719] [F9 708] [EX2 679] [VS3 665]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 9 of 88
Caprisun987
Frequent Contributor

Re: Rehab #1 completed - timeline/DPs NMSL/180Resolutions

@LaHossBoss Thank you for sharing! I just completed my 9th payment as well and am eagerly awaiting the updates. The way you spelled out your experience is helpful.

 

Good luck, I hope they remove the negatives on the original SL trade lines.

 

Also, I peruse the rebuilding forum when I have time. Thank you for all the guidance your provide. I always find myself agreeing with your posts. 

Message 10 of 88
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