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  1. tralston3838

    Private student loan

    Private student loans vary from state to state. Here, in IL usually are considered written contact, which is 10 years. However, there has been successful arguments cutting it down to the 5 year SOL (such as cc). What state are you in? Sent from my LG-M150 using Tapatalk
  2. tralston3838

    Too Many Student Loan Tradelines!

    If you can get the 30 day late removed, that will help. However, it's not the student loan that are hurting your scores the most. Its your utilization. Getting them down to 40% was good, as you saw a bump in scores. You need to get them down bellow 30% to see a significant bump. Best results are between 1-10%. If you can do that, the new student loans won't have much of an impact, and could possibly increase your score in the long run, as long as you don't get anymore late payments. Sent from my LG-M150 using Tapatalk
  3. tralston3838

    Student Loans mid-Rehab

    That's wonderful news! Congrats! Keep us posted on the Navient. Sent from my LG-M150 using Tapatalk
  4. Cap1 will not unsecure until it's been open for a minimum of a year. Sent from my LG-M150 using Tapatalk
  5. tralston3838

    Letter from Collection Agency on SL

    Not all of them use that rule. They didn't for me. They would give me a number, and I would tell them I couldn't afford that. I owed around 80k, and my payment was 5 a month. So they do take income and expenses into consideration. YMMV. Sent from my LG-M150 using Tapatalk
  6. tralston3838

    Letter from Collection Agency on SL

    Just call them. Figure out how much you can afford a month and call them to set up rehab. They don't figure out a payment based on what you owe, but what you can afford. If you didn't co-sign the loan, it shouldn't show up on your report, ever. It probably won't show up on his since its been so long. However, it might once the rehab process is done, but it will show up as a new loan. Sent from my LG-M150 using Tapatalk
  7. Basically, you want positive tradeline, atleast 3 cards. You want to eventually have atleast 5 cards for best scores. As long as you stayaway from cards like credit one and first premier, you should be good. While QS1 isn't the best out there, it's still not a bad one to go with. Let it grow, and PC it to something else later. Sent from my LG-M150 using Tapatalk
  8. tralston3838

    shifter's Rebuilding Thread

    They will also give you a CLI with a maxed out card, but not give you one if you PIF each month. Sent from my LG-M150 using Tapatalk
  9. tralston3838

    Student Loans mid-Rehab

    Congrats! You're on the right path. Of you have no income, you can contact GL about getting on an IBR payment plan paying 0 a month. They should also let you know when you have to fill out the paperwork to "renew" the payment plan. Usually, once a year. This will also give you some piece of mind while trying to get the SSI and such to go through. I would give it another month or so before disputing Navient. If it's still showing on your reports at that time, post what it says on your CR (personal info omitted), so we can offer suggestions on how to dispute it. Sent from my LG-M150 using Tapatalk
  10. tralston3838

    Letter from Collection Agency on SL

    Who is the collection agency? Are you sure it was a federally backed student loan? To be sure, check the nslds site. If it's listed on the site, contact the servicer listed on the site, and get into a rehab program. If its not on the site, then it's private, and would probably be past the SOL. The reason I'm suggesting to check the site, is I've had numerous student loans, both federal and private, default. While they can balloon quickly, those kind of fees seem really high compared to the original balance. Also, the federal gov't is getting away from using collection agencies. At most, you spend a little bit of time making sure a debt that high should be paid. Sent from my LG-M150 using Tapatalk
  11. It's 6 months from the date of opening. QS1 is a good rebuilder card. It's unsecured. Used responsibly, you can request a cli after 90 days. At 6 months, they'll give another cli. Mine started at only $300, but I was shocked I was even approved. Sent from my LG-M150 using Tapatalk
  12. tralston3838

    discover auto CLI

    Sometimes, it depends on the issuer. Sometimes, there's no rhyme or reason. Sent from my LG-M150 using Tapatalk
  13. tralston3838

    I lost the ability to defer my loans after consolidation

    It very well might be something new. I consolidated two loans in '06, and I had just as much forbearance and deferments as before. If you have none left, have you tried getting on an Income Based Repayment plan? Your payments could be 0, and you won't have to worry about deferments. Sent from my LG-M150 using Tapatalk
  14. tralston3838

    I Don't Know Where To Start...

    Premier and credit one should be the first to go. Horrible cards that will stick you with stupid fees, and high interest. However, unless you get the balances on all your cards down, might be worth it to keep them for the moment to help with utilization. Sent from my LG-M150 using Tapatalk
  15. I use a reloadable gift card, signed up on the Starbucks site, and get 2 stars for every dollar I spend using that card. From being a member, I also bought a drink on a certain day, and got gold status. That's still spending over 60 just to get a free drink. Sent from my LG-M150 using Tapatalk

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