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*Disclaimer: typing with my iPad, so I apologize for errors!
Today while doing my daily pulls I noticed something Imtersting.
A little back story first. I received a letter stating that Navient who I never heard of was buying my loans, but nothing else would change. I received that letter probably six months before the switch. Well, soon after the switch, I log on to my new navient account only to find that half of my loans are gone. I then get another letter a week later stating the Nelnet has purchased half of my loans. I was pretty mad considering Sallie Mae said nothing else would change, so did Navient. I didn't know anything of this until after it happened. So after being aggravated, I just decided to deal with it, set them all up for auto pay again, and forget about them.
Well, today I login to find that during the switch my Navient loans were closed and new Nelnet loans were reporting, but the new Nelnet loans were reporting with my original loan date, so it added 10 months to my AAOA and also 10 months to my credit length history. Raised my score to the tune of 8 points on my EQ. so essentially it added four new accounts with old 2006-2008 dates
The second odd thing was my capital one card that I got during college (my first cc) which only had a limit of $500 was bumped to $2000. I asked for a CLI last year and they said no, so I called and asked and they said they wouldn't give me one since I didn't use the car, I complanined saying that I have credit lines of well over 10k and i would never use it with that low of a limit, they still said no. I never login and even check that account, but just so happened to check and boom the AUTO CLI, which seemed odd to me. I may have to use it now a couple times to show them I still care 👍😀
Anyone else have a similar experience with their Student Loans. I'm on the downside and hoping to pay them off this year, but thought that it was interesting how it took place on my CRs. Didn't think they would process like that. My old loans show (Transferred/Sold/Closed.)
Hi all - I'm sure this answer has been posted somewhere before, but I'm having a hard time getting a clear picture of what my options are. Which is why I'm coming to you here.
I currently have two separate student loans from Iowa Student Loan. They're both, after many years of payments, almost paid off. Unfortunately six years ago (August of 2008) I made a mistake and was 60 days late on both of these loans. This is still affecting my score and affecting is significantly (roughly 70 points). I've written and called Iowa Student Loan asking them for a goodwill adjustment since I haven't had any negative items with them, or anyone since this hiccup. But they are refusing to remove it, stating that they, 'only report accurately.' every time that I've inquired.
So my question is, do I have any other options? For something that happened so long ago, this is really hurting my score...
This is my very first post on any forum anywhere! I just turned 30 on Monday and this is what I'm doing now, lurking and posting on credit forums. LOL! I have terrible credit. My EX reports 5 baddies and 0 positives. My FICO is in the high 520's. I am still yet to pull other CRA reports. I am very excited about embarking on this journey to fix my credit.
I have a defaulted SL. Last year I had my tax return intercepted and now its time to face the music. I have a few questions before I arrange payment. The owed amount is around $2500 I don't have an exact amount yet because different places are reporting different numbers. I'm looking to build some positive TL on my report, what is my best course of action?
1)Pay debt in full? Will that count as rehab or settled? Since it is with an CA will that effect what the Dept of Treas is reporting?
2) Rehab the loan, and pay in full before the loan is sold? (To minimize fees)
3) Rehab the loan and take my lumps (18.9% APR, 16% CF) then service the debt to increase positive reporting while using my extra money to build credit through other means?
I make <20K a year so there is not much to go around as of now. I am in no rush to buy a house or car but definitely would love to do so in a year or 2 (or 3). Any responses would be appreciated.