Will my score go up with a forebearance?

[Anonymous]

My score was hit hard because my student loans were listed as being 120-180 days late. I have been granted a forebearance, which they tell me means that I will be marked as current, and can start a new and pay on time. My thought was that If they make my loans current and it shows on my credit report as current that this will make my credit score go up.

is this true?

thank you

[InvincibleSummer3]

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@Anonymous wrote:

My score was hit hard because my student loans were listed as being 120-180 days late. I have been granted a forebearance, which they tell me means that I will be marked as current, and can start a new and pay on time. My thought was that If they make my loans current and it shows on my credit report as current that this will make my credit score go up.

is this true?

thank you

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Well, it will report going forward as current but the 120-180 day lates will still continue to hurt. Over time the impact of that will fade, but it is a fairly major derogatory item to have on a credit report.

[Anonymous]

darn.. ok thank you--- I had my hopes up that it would put me over the mortgage hump... thank you

[InvincibleSummer3]

It's still better than having your loans default, it's just not a quick boost to a score. Take heart, time and positive information on a credit report will heal all. Eventually.

[Anonymous]

If you had the forebearance period backdated to before the lates some SL servicers will remove the lates, either automatically or if you call and ask. Others might do it with a GW campaign, and unfortunately some servicers will never remove them.

Point is, you won't know if you don't try.

[Anonymous]

So it looks like the forbearance didn't go far back enough to cover my late pays, but I will continue to pay on time and hope over time it helps my credit. I have sent a certified letter to the CEO in hope that he will provide a goodwill deletion of late pays, but we will see.

Thank you all for your help.