cancel
Showing results for 
Search instead for 
Did you mean: 

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

LaHossBoss
Senior Contributor

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


@Caprisun987 wrote:

@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. 


Thank you for your kind words! I, too, notice your responses and agree with you quite often! Please keep us posted on your rehab progress and any score changes that come of it. I remember I was very nervous about rehabbing my SLs and knowing the affects score-wise. I know it is totally profile dependent, but DPs can be comforting when traversing the credit rebuild world!

 

If you don't mind my asking, who was your rehab servicer (CA)? My SO has also dealt with 180 resolutions, but also FH Cann. It is like pulling teeth to get him to call and see the status of his rehab completion! The loans are still listed with Debt Management (US Dept of ED) when we click on it, but at the top it does not show them being in default and to recertify his IBR (?)....which we haven't even set up yet, so I am unsure if it is by default due to his rehab?

 

Thanks again and good luck! We all will be in a much better spot before we know it! Good credit will definitely be a first for both me and SO, so it is certainly exciting! Big plans in the long run require it!




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 11 of 88
Caprisun987
Frequent Contributor

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

@LaHossBoss My apologies for the late reply. I have 5 defaulted SLs with Action Financial Services (I've never heard of them prior). My loans were with Navient previously.

 

I completed the last rehab payment this month, so like you I am waiting for the loans to be transferred back. I am keeping my eyes on my reports for any changes.

 

I didn't know rehab was a thing until learning about it on these forums. It's thanks to helpful posts like yours. Best of luck to you and your SO as well!

Message 12 of 88
LaHossBoss
Senior Contributor

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


@Caprisun987 wrote:

@LaHossBoss My apologies for the late reply. I have 5 defaulted SLs with Action Financial Services (I've never heard of them prior). My loans were with Navient previously.

 

I completed the last rehab payment this month, so like you I am waiting for the loans to be transferred back. I am keeping my eyes on my reports for any changes.

 

I didn't know rehab was a thing until learning about it on these forums. It's thanks to helpful posts like yours. Best of luck to you and your SO as well!


My 3rd set of SLs is with Action Financial Services, but they have been impossible to set up rehab with (due to my unusal income). They are the last ones I need to deal with.

 

Definitely keep me posted on the timeline after finishing rehab! I am sure it will help give me some insight what to expect when I finally get rehab going with them.

 

I am hoping to finally set up rehab in Feb, after the W2s are mailed out. I may be in a better position to set up rehab then.

 

Thanks for the kind words and good luck!




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 13 of 88
Credit4Growth
Valued Contributor

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

I too had the same concerns about what ot do with the SL's.

 

I gleaned info from these forums for over 1 year before becoming a member and I am pleased with what I have learned as well as with many of the choices I have made...

I rehabbed 9 SL's

 

Thank you MyFicoers... it has been a blessing to absorb some knowledge from so many participants!

|| DTI 8% || Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 2 / 1) - 0/6 - 0/12 - 3/24 ||


Next App on the list is ???
Last apps: (2) August 18, 2019
Garden goal - Unknown date, 2021
Going for Sapphire spade - May 18th 2021

Dirty/ Thick/ Aged/
Message 14 of 88
Credit4Growth
Valued Contributor

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

Congrats @LaHossBoss !!!!

20201004_074517.gif

|| DTI 8% || Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 2 / 1) - 0/6 - 0/12 - 3/24 ||


Next App on the list is ???
Last apps: (2) August 18, 2019
Garden goal - Unknown date, 2021
Going for Sapphire spade - May 18th 2021

Dirty/ Thick/ Aged/
Message 15 of 88
LaHossBoss
Senior Contributor

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

Update:

 

1/3/21:

I called the automated line (NMSL/NMEAF) and it looks like my loans were transferred back! Yikes, payment is steep, so I will have to set up IBR soon, since these accounts are less than half of all my SLs.

 

1/4/21:

Did 3B pull via EX app and it looks like the defaulted loans (NMSLGC) are no longer on EQ or EX! EQ did not have the OCs reporting, but EX and TU did and the OCs are, sadly, still on EX. Maybe it is too soon to say, but I am guessing they are staying put.

 

Depressing note: EQ and EX scores did not change *at all* with the removal of the defaulted SLs, so this was a huge blow for me. I am hoping this is because there are still other defaulted SLs reporting to EQ and EX.

 

I am about to do an ACR 3b pull to double check everything

 

NSLD also removed the default status for these loans today.




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 16 of 88
Caprisun987
Frequent Contributor

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


@LaHossBoss wrote:

Update:

 

1/3/21:

I called the automated line (NMSL/NMEAF) and it looks like my loans were transferred back! Yikes, payment is steep, so I will have to set up IBR soon, since these accounts are less than half of all my SLs.

 

1/4/21:

Did 3B pull via EX app and it looks like the defaulted loans (NMSLGC) are no longer on EQ or EX! EQ did not have the OCs reporting, but EX and TU did and the OCs are, sadly, still on EX. Maybe it is too soon to say, but I am guessing they are staying put.

 

Depressing note: EQ and EX scores did not change *at all* with the removal of the defaulted SLs, so this was a huge blow for me. I am hoping this is because there are still other defaulted SLs reporting to EQ and EX.

 

I am about to do an ACR 3b pull to double check everything

 

NSLD also removed the default status for these loans today.


@LaHossBoss Thank you for sharing! Congrats on successfully rehabbing half of your SLs! It's crazy how long 9 months takes when you are waiting for something to happen.

 

I'm sorry you didn't see the score boosts. I think your guess might be correct with regards to the other defaulted SLs.

 

Keep an eye on your reports for any changes. I'm sure it will take a while for the trade lines to be reported. Any chance you might try to goodwill lates if the SLs aren't removed?

 

My rehab with Action Financial was pretty straightforward. The reps were pleasant and the hold times weren't terrible.

 

I completed the 9 payments. During the 9th month, my loans were transferred a week prior to the end of the month to Fedloan Servicing. I literally got the notice this week even though it was sent out at Xmas eve (probably due to shipping delays).

 

No changes on my reports just yet. I do plan to try my hand at goodwilling my old trade lines.

 

Anyways, best of luck to you! I hope everything goes smoothly.

Message 17 of 88
LaHossBoss
Senior Contributor

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

Another update and a bit of a rant:

 

TU finally updated the 5 defaulted SLs (CAs) from NMSLGC were removed from my CRs and my score dropped 4 pts. 

 

It looks like I was not so lucky after all and the OCs did not get removed and all my lates remain. I have over 100 lates on the 5 OCs alone that I will have to watch age off slowly until the accounts finally age off in 2023.

 

A bit disheartening overall. I will hang in there, but it can be so difficult at times to stay strong when it seems like any progress fowards sets me further back.

 

I will keep you all posted when the second rehab makes any changes on my CRs. So far I was able to EE the 2 defaulted SLs (CAs) from ECMC off TU, but now I wait for EX and EQ to have them removed from the completion of rehab. There were no OCs reporting for those. ECMC still lists the rehab as being completed, but no uodate on who picked up the SLs. I will likely reach out to them next week if there are still no changes or news (mail).

 

I still have to set up rehab #3 with Action Financial Services (US Dept Of Ed/FedLoan), but I am least worried about those as the both the defaulted SLs and the OCs will be removed via EE or aging off very soon (starting in March). So they will all be gone before rehab is ever even completed.




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 18 of 88
quikj9
Regular Contributor

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

@LaHossBoss I can understand feeling as if you're taking one step forward and a step and a half backward. I'm still hopeful that you'll see a boost in your scores once all of the defaulted student loans are off of your report. It seems like that's going to happen soon via EE and aging off. 

 

Keep your head up. It's been great to see your progress over time. You've been a source of inspiration for me, as we've been on a similar journey around the same time. 




Message 19 of 88
LaHossBoss
Senior Contributor

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

@quikj9 thank you so much for the kind words! It definitely helps to keep me going!

 

Another quick update:

 

I called ECMC today and they said my SLs were finally transferred yesterday to Navient!

 

Unfortunately, Navient hasn't uploaded my loans yet, so no access to my account at this time.

 

Sadly, ECMC apparently only uodates the 3Bs on the first Sunday of the month and since they took long enough to transfer my loans, I just missed the update to the bureaus for this month! Argh! They will send the update thru on 2/7 and then I will just have to keep waiting, as who knows how long it will take for it to process on the 3Bs side.

 

I thought this would be a good DP for anyone that has rehab with ECMC for a timeline when to expect them to remove the defaulted TLs (CAs).




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 20 of 88
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.