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Singing, “They tried to make me go to rehab but I said no, no, no…..Then I finally said, yes!!!!”

Jordan23ww
Established Contributor

Re: Singing, “They tried to make me go to rehab but I said no, no, no…..Then I finally said, yes!!!!


@Jordan23ww wrote:

So another significant chapter in my credit rebuild journey just occurred this week! My defaulted student loan has now been successfully rehabbed!  

In 2017 I hit a little rough patch and not only did I max out all my credit cards but I missed a bunch of loan payments during both 2017 and 2018.  In 2018 they kept offering me the option to rehab the loan but unfortunately at that point they had increased my payment amount even more.  I couldn't pay the original amount so there was no way I at the time could pay the increased payment amount. 

Fast forward to August 2019 I started rebuilding my credit. Became very responsible with my cards only charging what I could pay off by the statement date.  Paid off all my credit cards by May 2020. And then in July 2020 I signed up for the student loan rehab program for my defaulted loan.

 

I had to make 9 consecutive on time payments. After the 9th payment they began the process of transferring my loan back to my original lender. I still had to make a 10th payment with the rehab program because the transfer didn't complete before the next due date.

 

Last week I got a call from the original student loan company informing me the loan transfer was complete and all future payments would come to them!  Today I got multiple notifications from MyFico that the defaulted Student Loan account balance was now at $0 and has been removed from my Transunion report. I also saw a nice score jump. Hoping to see the same on my Equifax report once that loan info posts there also! So excited and proud of myself!😄8E62F516-80FE-41BE-9053-EB8D710C7A29.jpeg

 

 


Yayyyyyy!!!! Today my Equifax went up 28 points!  
BE5626B7-0FD2-485A-95AC-018E0AC8B2D5.jpeg

 

 




Message 11 of 17
LaHossBoss
Senior Contributor

Re: Singing, “They tried to make me go to rehab but I said no, no, no…..Then I finally said, yes!!!!

Woohoo! Congrats on your success!

 

Those student loans can really wreck credit scores when they go bad, I totally understand all too well! It feels good when you finally see the changes rolling in!




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 12 of 17
Jordan23ww
Established Contributor

Re: Singing, “They tried to make me go to rehab but I said no, no, no…..Then I finally said, yes!!!!


@LaHossBoss wrote:

Woohoo! Congrats on your success!

 

Those student loans can really wreck credit scores when they go bad, I totally understand all too well! It feels good when you finally see the changes rolling in!


Thank you so much! I agree! It's so exciting now that the changes are rolling in!

 




Message 13 of 17
Fabfindz051
Member

Re: Singing, “They tried to make me go to rehab but I said no, no, no…..Then I finally said, yes!!!!

What was the timeline after your final payment? 

My last payment\credit is in June.  Hoping to make an actual payment early to get the ball rolling, so I can get a mortgage.

Message 14 of 17
Jordan23ww
Established Contributor

Re: Singing, “They tried to make me go to rehab but I said no, no, no…..Then I finally said, yes!!!!


@Fabfindz051 wrote:

What was the timeline after your final payment? 

My last payment\credit is in June.  Hoping to make an actual payment early to get the ball rolling, so I can get a mortgage.


My 9th payment was made 3/25/21

My 10 payment was made 4/25/21

My defaulted student loan was removed /my score jumped significantly 5/4/21

 




Message 15 of 17
SweetCreditObsession
Established Contributor

Re: Singing, “They tried to make me go to rehab but I said no, no, no…..Then I finally said, yes!!!!

Congratulations on the huge score jump! It was certainly worth the sacrifice it seems Smiley Happy


(+77) | (+90) | (+114) | TU Fico 9: 704

Goal: Min. 740 w/all CRAs - Met
Next Goal: Chase FU
Subsequent Goal(s): Min. 780 w/all CRAs
Gardening Until: 06/20/2021| Last App: 6/04/2020
Message 16 of 17
Jordan23ww
Established Contributor

Re: Singing, “They tried to make me go to rehab but I said no, no, no…..Then I finally said, yes!!!!


@SweetCreditObsession wrote:

Congratulations on the huge score jump! It was certainly worth the sacrifice it seems Smiley Happy


@SweetCreditObsession  thank you! Yes it was!😄

 




Message 17 of 17
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