 REHAB Update from Pioneer credit |
Important Announcement:
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 May 21 2009, 03:52 AM
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#1
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Group: Members
Posts: 105 Joined: 26-October 06 Member No.: 40,024  |
heyas all. I'm on my 10th payment with Pioneer, in the rehab process. I decided to call them yesterday to find out what the status was with lenders and how much longer they thought it might be. I was told by a supervisor that they have a new lender and they will be picking up their next batch of loans on May 26.
So.. if your with Pioneer, it might be worth a call on the 27th to see if you got picked up. I'll update this post if i get picked up. k. of course my 10th payment is due on the 23'rd.. *sigh* |
  
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| Googie |
May 21 2009, 03:52 AM
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The MoneyMaker
Group: Accounting
Posts: One in Every Topic Joined: 1-February 03 From: Mountain Home, CA Member No.: 1 |
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May 21 2009, 05:37 PM
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#2
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Group: Members
Posts: 105 Joined: 26-October 06 Member No.: 40,024 |
Interesting..... went to my mortgage broker to see about USDA home mortgage, and guess who isnt on CAIVRS. I dont know why i'm not...but nonetheless.
k. |
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May 27 2009, 10:56 PM
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#3
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Group: Members
Posts: 105 Joined: 26-October 06 Member No.: 40,024 |
Update : I called Pioneer this afternoon. I was indeed picked up by the new lender (dammit, forgot to ask who that was). No more rehab payments..wait until contacted by mail from the DOE. Wheeeeeeeeeee!
Only took 10 payments. Ez Peezeee |
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Jun 29 2009, 08:31 PM
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#4
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Group: Members
Posts: 105 Joined: 26-October 06 Member No.: 40,024 |
Update.
Student loan hit credit reports. Backdated to 1992. 50 point upgrade across the board. k. |
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Jul 1 2009, 07:30 AM
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#5
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Group: Members
Posts: 172 Joined: 23-February 09 Member No.: 91,010 |
Congrats
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Jul 1 2009, 10:33 AM
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#6
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Group: Members
Posts: 100 Joined: 24-December 08 Member No.: 87,858 |
Hey Lotun. Congrats on completing rehab!
Question - when the loan backdated on your report did it show the original amount owed or what you owe now - after completing rehab? And what were your scores before the jump? -P. |
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Jul 1 2009, 12:17 PM
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#7
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Group: Members
Posts: 661 Joined: 11-April 08 Member No.: 72,893 |
Congratulations.
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Jul 1 2009, 11:42 PM
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#8
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Group: Members
Posts: 105 Joined: 26-October 06 Member No.: 40,024 |
QUOTE (penone @ Jul 1 2009, 11:33 AM)  Hey Lotun. Congrats on completing rehab! Question - when the loan backdated on your report did it show the original amount owed or what you owe now - after completing rehab? And what were your scores before the jump? -P. It shows what i owe after rehab minus all the fees. I only had 3 yrs of credit history. The student loan posted with a year of 1992, giving me 17 yrs on the account!. I went from 619 to 670 average. |
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Jul 2 2009, 11:58 AM
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#9
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Group: Members
Posts: 661 Joined: 11-April 08 Member No.: 72,893 |
I wish my rehabbed Stafford loan would hurry up and report.
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Jul 2 2009, 12:32 PM
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#10
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Group: Members
Posts: 18 Joined: 1-April 09 Member No.: 92,780 |
I know.. I'm repulling my EQ every single day. My rehab is complete, the guarantor tradelines were deleted [from all but TU.. still working on that]. But still no new positive lines added from the current servicer (SAF). So now I'm stuck with the four OC negative lines (they left the lates, some 29 or so in all), and nothing positive showing at all.
Somehow I managed to get a carloan. That still isn't reporting. Still can't get a credit card that isn't secured, and even them, BoFA denied me for a secured. EQ is at 608 and hovers between that and 600. At least it's up from the 565 it was a few months ago. But rehab ended April 15th! I hope SAF reports with the rehabbed backdating this month... at least until it moves to DirectLoans [which is apparently very very very slow]. |
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Jul 2 2009, 02:33 PM
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#11
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Group: Members
Posts: 661 Joined: 11-April 08 Member No.: 72,893 |
Yeah, I know about Direct Loans being slow. Before rehab was completed, on the advice of the DOE, I applied for a consolidation loan with Direct Loan in early May. They requested the loan info from the DOE in mid-May... there's only one loan. I completed rehab in early June (9th payment was received a month ago today!) and DOE immediately transferred it to the loan servicing center. Consolidation is a moot point now, since I only did the app on their advice because that's how rehab was supposed to be completed with no lenders available to take over the loan. Still, my consolidation app is pending, having not received the info from DOE in a month and a half. If the loan servicing center reports the loan before consolidation is complete, I'll just cancel the app. I am hoping that the servicing center reports all loans on the first, so hopefully it should begin reporting (23 year history) any day. Still, I check CCT every day, and the consolidation status every day.
I took a major FICO hit because of a CLD, so I'm paying a lot on that card to bring down my UTIL and I'm planning to apply for a card that I know pulls TU, my best report by far. If the SL begins reporting, I think my score should be above 700 on TU. If not, it should hover in the high 600s, which is probably good enough for the card I want. But if the 23 year history report soon, it should help a lot. |
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Jul 5 2009, 08:07 AM
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#12
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Group: Members
Posts: 100 Joined: 24-December 08 Member No.: 87,858 |
Hey Jaymes - for myself it took a bit over 30 days to get reported so hopefully yours should report soon.
Crappycredit - who did you get your car loan with? -P. |
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Jul 6 2009, 11:11 AM
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#13
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Group: Members
Posts: 18 Joined: 1-April 09 Member No.: 92,780 |
QUOTE (penone @ Jul 5 2009, 06:07 AM) Hey Jaymes - for myself it took a bit over 30 days to get reported so hopefully yours should report soon. Crappycredit - who did you get your car loan with? -P. It was Chase Auto Finance. Surprisingly enough, they used my EX and TU, which are by far worse than my EQ. Mid to high 500s on those, and the TU hadn't even had the Edfund removed yet! $12,000 financed after a $3,000 downpayment, plus rebates, etc. But it's like 18.99%. Eh, it's a start. I can't even get a credit card. |
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Jul 14 2009, 11:21 AM
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#14
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Group: Members
Posts: 661 Joined: 11-April 08 Member No.: 72,893 |
QUOTE (penone @ Jul 5 2009, 06:07 AM) Hey Jaymes - for myself it took a bit over 30 days to get reported so hopefully yours should report soon. Crappycredit - who did you get your car loan with? -P. Hey penone... finally the reporting is beginning to happen. The DOE tradeline hit EQ this morning and I got a 23 point jump. Not much, but every little bit helps I guess. Hopefully it will hit TU tomorrow, as that's my best report and I'm itchin' to apply for a shiney new card that pulls TU. |
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