Anyone have any idea how the removal of the negative info after rehab affects (and I assume improves!) your credit score? I know that not everyone's experience is going to be the same, but I'm just wondering -- out of 15 open accounts on my credit reports, 12 of them are my defaulted student loans -- and except for two late payments (both marked as 30 days late, but really only paid about 2 days late), the remaining ones are in good shape!!
I'm also a little concerned about whether USDOE and Pioneer are currently thinking that I was actually in rehab. I've posted this before, but Pioneer never said "rehab", although they kept talking about a "6-month program" and a "12-month program" (pre-CB, so I didn't even know rehab existed). After 6 months, they called and said that if I raised my payment from $500/mo to $785/mo for 6 months, I could consolidate then. I did it and, since I can get the copies of the 12 checks made out to the DOE, I've got the ammunition to show that I should be considered as having completed rehab. I was also never in wage garnishment nor did I have my tax returns taken (they sent me stuff last July saying they were going to, but, since I entered into the payment agreement with Pioneer, it wasn't actually done). I'm just looking for inspiration to show me what can happen at the end of the journey if I do have to wage this battle!
Thanks!!
Full Version: Score improvement after rehab??
Not sure about your score bump...still got 2 months left on my rehab. But regardless if you have a sheet of paper or not showing your in rehab, if you make 12 payments to DofE you've completed rehab.
You can use the 12 cancelled checks as proof and get the negative TL's removed.
Just dont miss a payment or you start all over again.
You can use the 12 cancelled checks as proof and get the negative TL's removed.
Just dont miss a payment or you start all over again.
ziggy, I can't tell you much about the score bump either, since you know I'm still fighting the defaut notations from the original lender on my EQ report. On my Experian report, I still have two erroneous SL notations, but I had probably 12 others removed and my score probably went up about 60 points or so (also have 2 other negs). This is totally a YMMV situation.
As far as rehab, what Pioneer told you sounds odd. They actually sent me a written rehab agreement at the beginning of the program. I had read about rehab over at CreditNet and specifically asked for it. Never got a phone call about increasing payments either - very odd.
Regardless, you do have the 12 mth payment proof and that is all you need to be considered rehabbed. Since you just made your 12th payment, I'm assuming they've called you and talked about a new lender picking up your loans (or going back to DOE) or something? Stay on top of them and make sure that happens. SM picked up mine and I received a letter from them saying something like "congratulations on finishing rehab" or something. Not sure if it'll be the same for you, but it might be worth following up on.
As far as rehab, what Pioneer told you sounds odd. They actually sent me a written rehab agreement at the beginning of the program. I had read about rehab over at CreditNet and specifically asked for it. Never got a phone call about increasing payments either - very odd.
Regardless, you do have the 12 mth payment proof and that is all you need to be considered rehabbed. Since you just made your 12th payment, I'm assuming they've called you and talked about a new lender picking up your loans (or going back to DOE) or something? Stay on top of them and make sure that happens. SM picked up mine and I received a letter from them saying something like "congratulations on finishing rehab" or something. Not sure if it'll be the same for you, but it might be worth following up on.
I do have the 12 months of checks, so I am assuming that I technically have completed rehab, even though no one ever mentioned it. My loan has already been transferred to the new lender and they have already sent the funds to Pioneer (or DOE, or whoever technically had it at the time). I actually have this month "off" with the lender -- the consolidation was completed on 8/31 and my first payment isn't due to them until 10/10.
According to Pioneer, the request for an increase came from DOE (although who knows -- likely was a CA trick for all I know) and said that I had always paid on time for those first 6 months and that they were offering consolidation in 6 months -- from that date, so 12 months total -- if I would increase my payments for those 6 months. I was told that DOE was only offering this to a few people and that I had to decide soon or else they would go to the next one on the list. Okay -- that sounds totally bogus now that I'm writing it, but I believed it at the time!
I have 12 cancelled checks and the 2 letters from DOE (one for each payment amount) that say "You have agreed to pay us XXX". Any ideas who I send this proof to, if it comes to that? CRAs? DOE? I assume it's not Pioneer since they don't have anything to remove -- they never even appeared on my reports at all. I don't even have inquiries from them, at least on EQ or TU (EX never authenticates when I try to get an online copy).
Good luck on the default notations, Cheech. Have you had any luck with the remaining ones yet? This is definitely one time I'm glad to be dealing with the government!
According to Pioneer, the request for an increase came from DOE (although who knows -- likely was a CA trick for all I know) and said that I had always paid on time for those first 6 months and that they were offering consolidation in 6 months -- from that date, so 12 months total -- if I would increase my payments for those 6 months. I was told that DOE was only offering this to a few people and that I had to decide soon or else they would go to the next one on the list. Okay -- that sounds totally bogus now that I'm writing it, but I believed it at the time!
I have 12 cancelled checks and the 2 letters from DOE (one for each payment amount) that say "You have agreed to pay us XXX". Any ideas who I send this proof to, if it comes to that? CRAs? DOE? I assume it's not Pioneer since they don't have anything to remove -- they never even appeared on my reports at all. I don't even have inquiries from them, at least on EQ or TU (EX never authenticates when I try to get an online copy).
Good luck on the default notations, Cheech. Have you had any luck with the remaining ones yet? This is definitely one time I'm glad to be dealing with the government!
With 12 months of checks, plus the 2 letters, you should be fine for proving you rehabbed.
If it comes to it, you'd deal with DOE. The CRA's don't know jack about rehab. I had similar probs with USA Funds removing the defaults off my report. They had records of all my payments, so I never had to send proof. Just had to find a supervisor with half a brain who could send off the AUD. I think sometimes it's a matter of the left hand not knowing what the right hand is doing - so always stay on top of things and keep it moving along.
As for my defaults - I may just go gray over this. I've been working with the Ombudsman's office the last two weeks. You saw my post earlier about the whole "loophole" crapola. So I'm researching the lender, turns out they are not a govt agency per se, just a licensed non-profit within the state. So I'm working on letters to the State AG, State reps, and members of the committee dealing with HEA legislation. (2 goals here actually: 1) help me and 2) fix the darn law)
Today, got an alert from EQ - the blankety-blank-blank lender changed my tradelines - now even worse. Went from Paid Collection to 120+ days late and now reporting as Current Default - Loan Being Paid by Guarantor. Hmmmm, somehow I don't think this is a coincidence coming on the heels of communication from the Ombudsman. At this point, I'm looking to see if I have any grounds to file suit against them - I'm beyond tired of their BS.
Kinda ironic, ain't it? I help people and their reports are fine and I am stuck with big booboobutt meanies... LOL... <Insert head banging against brick wall smilie here>
If it comes to it, you'd deal with DOE. The CRA's don't know jack about rehab. I had similar probs with USA Funds removing the defaults off my report. They had records of all my payments, so I never had to send proof. Just had to find a supervisor with half a brain who could send off the AUD. I think sometimes it's a matter of the left hand not knowing what the right hand is doing - so always stay on top of things and keep it moving along.
As for my defaults - I may just go gray over this. I've been working with the Ombudsman's office the last two weeks. You saw my post earlier about the whole "loophole" crapola. So I'm researching the lender, turns out they are not a govt agency per se, just a licensed non-profit within the state. So I'm working on letters to the State AG, State reps, and members of the committee dealing with HEA legislation. (2 goals here actually: 1) help me and 2) fix the darn law)
Today, got an alert from EQ - the blankety-blank-blank lender changed my tradelines - now even worse. Went from Paid Collection to 120+ days late and now reporting as Current Default - Loan Being Paid by Guarantor. Hmmmm, somehow I don't think this is a coincidence coming on the heels of communication from the Ombudsman. At this point, I'm looking to see if I have any grounds to file suit against them - I'm beyond tired of their BS.
Kinda ironic, ain't it? I help people and their reports are fine and I am stuck with big booboobutt meanies... LOL... <Insert head banging against brick wall smilie here>
QUOTE
With 12 months of checks, plus the 2 letters, you should be fine for proving you rehabbed.
If it comes to it, you'd deal with DOE. The CRA's don't know jack about rehab. I had similar probs with USA Funds removing the defaults off my report. They had records of all my payments, so I never had to send proof. Just had to find a supervisor with half a brain who could send off the AUD. I think sometimes it's a matter of the left hand not knowing what the right hand is doing - so always stay on top of things and keep it moving along. Isn't that the case with everything???
As for my defaults - I may just go gray over this. I've been working with the Ombudsman's office the last two weeks. You saw my post earlier about the whole "loophole" crapola. So I'm researching the lender, turns out they are not a govt agency per se, just a licensed non-profit within the state. So I'm working on letters to the State AG, State reps, and members of the committee dealing with HEA legislation. (2 goals here actually: 1) help me and 2) fix the darn law) Just to clarify -- do you mean "state reps" as in your congressman or do you mean those that represent you in your state's legislature? If you mean the latter, they can't help you at all since it's federal law (and they likely won't admit to that because they don't like to say that there's something they can't do!!!). Also, your state AG will be in the same situation; they can only deal with state law. Your congressman would be a help, though. Their office can also help you with just being able to point you in the right direction and explain the peculiarities of the federal system to you (and there are many!). The committee reps/senators will also be helpful, if only just to make sure they understand the issues. It's better, though, if they're from your state, although it's not absolutely necessary. They respond better to people who can influence whether or not they continue to be elected, since, really, that's all that it's about anymore, but it's less true with federal than state legislators, so you should still certainly contact them.
Today, got an alert from EQ - the blankety-blank-blank lender changed my tradelines - now even worse. Went from Paid Collection to 120+ days late and now reporting as Current Default - Loan Being Paid by Guarantor. Hmmmm, somehow I don't think this is a coincidence coming on the heels of communication from the Ombudsman. At this point, I'm looking to see if I have any grounds to file suit against them - I'm beyond tired of their BS. Oh, I'm sure that's just a big coincidence -- just as I'm sure that the sky will turn pink polka dotted tomorrow!!
Kinda ironic, ain't it? I help people and their reports are fine and I am stuck with big booboobutt meanies... LOL... <Insert head banging against brick wall smilie here>
If it comes to it, you'd deal with DOE. The CRA's don't know jack about rehab. I had similar probs with USA Funds removing the defaults off my report. They had records of all my payments, so I never had to send proof. Just had to find a supervisor with half a brain who could send off the AUD. I think sometimes it's a matter of the left hand not knowing what the right hand is doing - so always stay on top of things and keep it moving along. Isn't that the case with everything???
As for my defaults - I may just go gray over this. I've been working with the Ombudsman's office the last two weeks. You saw my post earlier about the whole "loophole" crapola. So I'm researching the lender, turns out they are not a govt agency per se, just a licensed non-profit within the state. So I'm working on letters to the State AG, State reps, and members of the committee dealing with HEA legislation. (2 goals here actually: 1) help me and 2) fix the darn law) Just to clarify -- do you mean "state reps" as in your congressman or do you mean those that represent you in your state's legislature? If you mean the latter, they can't help you at all since it's federal law (and they likely won't admit to that because they don't like to say that there's something they can't do!!!). Also, your state AG will be in the same situation; they can only deal with state law. Your congressman would be a help, though. Their office can also help you with just being able to point you in the right direction and explain the peculiarities of the federal system to you (and there are many!). The committee reps/senators will also be helpful, if only just to make sure they understand the issues. It's better, though, if they're from your state, although it's not absolutely necessary. They respond better to people who can influence whether or not they continue to be elected, since, really, that's all that it's about anymore, but it's less true with federal than state legislators, so you should still certainly contact them.
Today, got an alert from EQ - the blankety-blank-blank lender changed my tradelines - now even worse. Went from Paid Collection to 120+ days late and now reporting as Current Default - Loan Being Paid by Guarantor. Hmmmm, somehow I don't think this is a coincidence coming on the heels of communication from the Ombudsman. At this point, I'm looking to see if I have any grounds to file suit against them - I'm beyond tired of their BS. Oh, I'm sure that's just a big coincidence -- just as I'm sure that the sky will turn pink polka dotted tomorrow!!
Kinda ironic, ain't it? I help people and their reports are fine and I am stuck with big booboobutt meanies... LOL... <Insert head banging against brick wall smilie here>
Good luck!!! You're right -- that is about the biggest definition of irony! But, if it helps, you have been a lot of help to lots of us!![/i]
ziggy thank you so much for the reply... something tells me I'll be bugging you a lot for your knowledge in this area... lol
The lender is in my ex-state (lived all my life, went to college, promptly escaped). I was hoping that ex-state reps could help simply with exerting some influence or simply intervening for a poor ex-citizen who still owns property there. AG - just to let them know that an agency in their state are being giant boobooheads. Those were simply to help put a bit of political pressure to help me personally. Not a good idea?
As for the committee - I was planning to draft something more detailed. Sort of point out the discrepancies in the law and how it affects people. How it's not in the true spirit of the whole idea of rehab. I'm also doing research on other state-backed lenders. I know that some do agree to delete negs and some don't. So there's no consistency there, simply because the law is unclear.
If you have any pointers at all, I am all ears and would be deeply appreciative. This is a new thing for me, but then again so was rehab. We learn best by doing, no?
Thank you again for your input. I really appreciate it.
The lender is in my ex-state (lived all my life, went to college, promptly escaped). I was hoping that ex-state reps could help simply with exerting some influence or simply intervening for a poor ex-citizen who still owns property there. AG - just to let them know that an agency in their state are being giant boobooheads. Those were simply to help put a bit of political pressure to help me personally. Not a good idea?
As for the committee - I was planning to draft something more detailed. Sort of point out the discrepancies in the law and how it affects people. How it's not in the true spirit of the whole idea of rehab. I'm also doing research on other state-backed lenders. I know that some do agree to delete negs and some don't. So there's no consistency there, simply because the law is unclear.
If you have any pointers at all, I am all ears and would be deeply appreciative. This is a new thing for me, but then again so was rehab. We learn best by doing, no?
Thank you again for your input. I really appreciate it.
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