I had a loan from salliemae that I got in 2003 that I let sit for about 7 years before I started paying on it.
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So I have a long string of baddies on this.. my question is, I started making payments starting last march. Â So I have almost a years worth of good payments on it. Â Once it reaches 2 years of good payments, will all the baddies that show up on it go away?
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Another question, if I pay off the whole thing at once, would it help the status or get rid of the derogs?
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Thanks a bunch
Ok I started out 6 months ago trying to repair my credit. I am using the Equifax service. I have gone from a 471 to 617. Apparently I have to actually Join each site Ex/Eq/transunion to actually get anything changed. ( wish I’d know that from the start.) Ok once I started paying off my past problems. Its seem like creditors actual called each other saying hey he has cash send him everything you can. I have stuff from the year 2000. Is their not a statue of limitations. I am in California. I have read if I even talk to any of these guys they can just change the date to make it start from today so I will never get out. I paid my Tax lien off first at almost $7000.00 Equifax just said too bad it does not matter if its $50 or $7000 Tax lien its not Manditory for us to take anything off nor is it Manditory for FICO to do so either. So can someone please Explain the ” GAME” to me what to do with old stuff, who to talk too, whom not to talk too. I am and have been trying to repair but Honestly that’s is the last thing that the Credit companies seem to want. If I screwed up it down 50 points if I fix it its up 2 points….I recently signed and paid on time an agreement with a Golf company for instruction. It was so I could have them report on time payments for 6 months to help my credit. They were like you can’t report that only the Company can. They keep saying sorry we never received it……….So I am listening and trying to do the work. I need some help here…Â
Hi,
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10 months ago my score was a 575, currently it is a 631. this is a great improvement for me.Â
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i have some serious issues though, i had a stupid knee operation in 2008 that killed me money wise and i ended up have a 30, 60, 90, and 120 day late payment on my only credit card. once i went back to work i immediately started paying it off and now it has just $300 on it.Â
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but that little streak completely destroyed my credit, and it was deserved.
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is there any way to write the creditors to inform them of my financial hardship situation at that time, not being at work, getting basically nothing from ‘disability’, etc…Â Â once i started working again i immediately started paying, you look at the card history and it NEVER had any lates on it, just that streak where i was injured.
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this is definitely the biggest thing holding me back right now, i dont see any way around it.  Â
I’ve taken a good look at my credit reports & it looks like this is what happened:
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My student loans were originally with Sallie Mae. Once I defaulted on the loan, it looks like it was sold to HESC. I started paying them faithfullly again once HESC had them & then I was able to rehabilitate my loans in 8/2008.  The loans are now under AES & I’ve never been late. All of the HESC entries were deleted off of my credit report but I just noticed that Sallie Mae hasn’t & it’s for the same loans! I’ve worked so hard to rehabilitate my loans & these lates under Sallie Mae are really hurting my score. Any advice on how I can get the Salle Mae entries deleted?
Hubby’s student loans were in default and we started paying on them. I THOUGHT he was in rehab but now I don’t know if that was it or not. We were told that if he paid for nine months straight it would go out of default. Well, we got a letter in the mail today stating congrats for getting through the nine months of straight on time payments, and now he has two options. And the way it is worded it appears that both options add significant amounts to the balance of the loan! One will add 18.5% to the loan balance and the other will add 25% to the balance of the loan. It just doesn’t make sense. We’ll call on Monday to get more information, but it’s really confusing. Does that sound right? Can they really do that after we finally seem to be getting caught up? I’m half tempted to pull out a loan on my 401k to pay it off (I think I have enough available) but I really would hate to do that. I want to get it all cleaned up as soon as possible though so we can get in a position to buy a house.