@Anonymous wrote:
After what seems like an eternity I am finally at a huge milestone in rebuilding my credit!
Just reached out to Navient today to confirm that my loans were rehabbed and sent to them!
it feels like a weight has been lifted off my shoulders!!
This is the last major thing I needed to clear up on my credit report(besides waiting for a few inquiries to fall off, current at 4 for ex and tu 5 for eq).
I do have a few questions.
Does anyone know of my loans will now show closed instead of in default for the department of education ?
will Navient open up "new" loans for me in good standing? If so will they be back dated to when I originally opened my student loans?
Will my payment history be cleared up?
thanks !
The default remark on the NSLD may take time to be uodated, but what is important is what is reported on your CRs.
The answers should be yes to everything you asked except for cleaning up your payment history. There is no guarantee of that. Some servicers do remove the old lates and others do not and there is no way to force the issue. Either way, you should hopefully see improvement when the defaulted SLs (CAs) come off your CRs and possibly again when the "new" old TLs are placed on with the backdated open date (if this increases your AAoA and possibly give you a new AoOA), but that will depend on your credit profile.
If they remove the lates or old OC TLs, then you should possibly see a bump there too, but again there is no guarantee they will remove the lates or the OC TLs. If they don't remove them, the lates will fall off as they hit 7 years old.
Good luck!
