Student loan questions..

Feb 062011
 

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.

 

So I have a long string of baddies on this.. my question is, I started making payments starting last march.  So I have almost a years worth of good payments on it.  Once it reaches 2 years of good payments, will all the baddies that show up on it go away?

 

Another question, if I pay off the whole thing at once, would it help the status or get rid of the derogs?

 

Thanks a bunch

Can somebody please help me with a BofA GW Letter/Questions?

Sep 092010
 

Hello,

 

Well the good new is I am around the 5 year anniversary from the last late payment with any account I have.  One of the baddies is an old BofA line of credit for $6K that I opened years ago, long story short I really got way behind but luckily it didn’t get CO’d.  I got current about 5 years ago and paid them in full over 3 years ago.  I want to try the GW route and see if I can persuade them to delete.  This acct is killing my score. 

 

I do have a nice $200K mortgage with them and a Checking Account that I didn’t have before.  Should I play that card?? I believe this will be the last to drop off and it’s going to in 2012 I think.  Is it worth it to try or should I let it go?  I pulled my credit reports and it doesn’t say either a date of fall off or DOFD.  I’m worried if I even ask they will update it and hurt my score even more. Does anyone have any success with them and GW letters?  Where should I send it, should I try email as well?  As always any help is appreciated, thank you much.

 

 

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GW a closed account

Aug 202010
 

I am enrolled in a legit DMP. My score has already gone up 40+ points because of paying down debt. I’m getting to the point where two of the accounts are about to be completely paid off. Those two accounts are showing a couple 30s and 60s from over a year ago. They are not old accounts. Would it be worth it to ask the creditor to remove the TL completely so the baddies will go away? Has anyone done this?

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When baddies fall off

Feb 142010
 

Howdy,

I’ve made great strides in credit recovery but I’ve not pulled my report in two years. Even though I still have a BK showing on all 3 reports, does my score get better the day the associated baddies fall off? I was close to 700 the last time I pulled FICO scores and I was still showing all the baddies but now there is nothing but a 7.5 year old BK and everything else is perfect.