Honestly, I would have expected some movement by now. The Dept of Ed defaults were removed from my credit reports about two weeks after my final rehab payment, with my loans transferred to Great Lakes a week after that. Maybe some servicers move a bit slower than others?
I do remember the wait being agonzing after that final payment. Then, things started happening and my scores really shot up. I hope the same happens for your wife!
I'm in the same boat. Started the rehab in Feb and last payment was October. I called my loan servicer and they said it was in transition/processing and that I would hear something soon but that it did show I had completed the rehab. A friend of mine did the rehab with the same servicer a year prior and said they seen it update the following month and that their credit jumped up when it did. So I'm anxiously waiting.
update: called my loan servicer and they said my loan will still be handled by the same company and it's scheduled to convert back on 11/19, a month after I made my last rehab payment. I hope this means they will update the credit bureaus this month.
update: 12/1 - TU was the first to update which is surprising since they usually take a couple of months to update for me. My score went up 61 pts to 699. The report showed all of the listings that were reporting as student loan collections were removed. It showed my balance was only 24k. The next day the loans were added back but showing as being active and the balance went back to 80K and the report dropped 3 points.
update: 12/6 EX updated and my score increased 94 points. EQ updated the same day and my score increased 35 points.
Will wait until the end of the month to see if there are any changes to EX and EQ scores from the accounts being added back.
