CGV Ventanas

Scvbd99, my goal is to need to disagree to you. We finished rehabbing my loan in might and TU and EX have actually deleted the tradelines that are old (waiting on EQ). They were replaced by tradelines because of the loan that is new dating back again to whenever I initially took out of the federal figuratively speaking having a «pays as agreed» status with no belated re re payments. They really reveal no re payment history to them. My understanding is it isn’t really the actual situation with everybody else (obtaining the old tradelines removed), however the brand brand new tradelines will back date. Theoretically, all they need to do is eliminate any responses showing that the loans had been ever in standard, many do significantly more than that.

Absolutely absolutely nothing you said has any applicatiion to my reponse towards the opening post.

I stated that unpaid student education loans stick to your credit history indefinitely, and I also’m maybe perhaps perhaps not rendering it up. Your loans that are rehabbed stay unpaid will always be on the credit file, right? The financial obligation does not disappear completely, and neither does reporting on that financial obligation on the credit file. After rehab, your debt simply gets a brand new servicer, as you stated.

Anyhow, the person i taken care of immediately said absolutely absolutely absolutely nothing about rehab.

As far as what you’re saying (which again, has nothing to do with this thread) when you rehab a loan, all given details about it ever having experienced standard is requried to disappear completely for legal reasons. Just about any deraugatories eliminated are 100% as much as the CA/servicer. Myself, we had 18 defaulted student education loans that i rehabbed, and 15 of them had the belated re payment history before default eliminated. The other 3 would not budge, and left my payment history that is late on. It had been completely worth the rehab process, though.

And yes, of course you obtain brand brand brand new tradelines for every single defaulted loan you can get rehabbed whenever it gets a servicer that is new. It really is pretty awesome.

800+ for many 3 CRAs.

Took 4 years after rehabbing a number of defaulted figuratively speaking, but totally beneficial.

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We assumed you had been referencing the post above you that suggested rehabbing as an alternative. My blunder.

FICO8 ratings at the time of 8/8/17: EQ-643 TU-644 EX-629
Current FICO8 ratings as of54/7/18: EQ-668 TU-651 EX-652
Current home loan ratings: EQ-681 TU-655 EX-648
Goal: all FICO8s above 700

Credit Card Lineup: Capital One Quiksilver One – $850, Torrid – $3,000, Wayfair – $7,100, Victoria’s key – $2,000, Overstock – $5,150, Discover it – $9,500, Amazon shop Card – $200, Capital One Platinum – $3,000, Care Credt – $1,500

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I really have no clue in the event that OP will be in a position to rehab te loan in concern. Whether it’s a qualifying loan kind, I would bet he could provided that it had never ever defaulted before. You are able to just rehab a qualifying loan when.

800+ for several 3 CRAs.

Took 4 years after rehabbing a number of defaulted student education loans, but completely worth every penny.

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The hell out of you until it is paid off while some Student Loans (Stafford) cannot be reported after 7, they can tax intercept.

They could also Tax Warrant (Lien and Levy) you too.

That literally means they could sieze your checking and savings records, genuine home, and so forth, in the event that you get too much time.

I happened to be significantly lucky, as 1 / 2 of my Student Loan 15 years back that I’d deferred after which been payments that are making, had been forgiven as a result of the University being sued for fraudulence.

So my education loan reports reveal because paid as agreed (moved to a different workplace) from the time these people were forgiven.

They fall off quickly, so bye bye free cheap bump ever sold, but those had been Stafford and if I defaulted they could take all of the steps above including private collections until they were forgiven I kept getting annual notices that.

One other forms of Federal Student Loans (Perkins) are immune through the 7 12 months guideline and certainly will appear literally forever because happens to be stated before.

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