Revolving vs. Installment

Jan 192011
 

Hello,

 

I am trying to rebuild my credit.  I filed BK7 in 10/10 …

 

I currently have about 20,000 worth of installment loans (student loans) on my credit report that I am paying.  I have no revolving accounts.

 

I am going to apply for some secured cards to start having some revolving activity.  I was going to do the secured loan at my cu and take that $$ and get a secured credit card, but I wonder if I even should do that, since I have all the student loans.  Is it good to have a mix of different types of installment loans or does it all just count as the same thing on FICO scoring?  Basically should I do the secured loan and card, or just the secured card(s)?  Thanks in advance. 

Does having student loan deferred payments hurt my CS

Jan 182011
 

I have been tracking my CS for two years and thought I was on a great track.  Just had it pulled today and it dropped 40 points.  My banker could not explain the drop.  He said it could be the student loans being deferred payments.  Does this make sense?

2008 student loans showing as negative

Sep 022010
 

Okaym in 2008 my student loans showed up as late on my credit report because I was attending Grad school and was unaware that it would not show up. Although the student loan company went back and took away all fees and problems resulting from the late it still shows up on my credit report as negative. Is there anything I can do about it. We plan to apply for a house in the next 3 months. Although I am paying for my loans now, it still says negative. Advice?? Will this affect us buying a house.

A Late Payment is on My Credit Report Twice… Help?

Aug 212010
 

Hi Everyone,

 

One of the CB’s has my student loans reported twice.  I have 9 student loans, and they are all reported separate.  I had a few late payments back in 2006, so that’s 9 dings on my credit report.  However, the student loan as since been sold to another bank.  The new bank, SallieMae, has reported all the the old payment history as theirs… and the old bank, GA Student Finance Commission, is still listed on my credit report with the exact same payment history.  So now I have 18 dings on my credit report instead of 9.  I’m being hit twice for the exact same late payment.  It’s pulled my FICO score down 25 points.  Shouldn’t the one late payment only be listed once, not twice?  How do I fix this?

 

Thanks

Related Blogs

  • Related Blogs on A Late Payment is on My Credit Report Twice… Help?

Medical Bill help

Jul 292010
 

Hi FICO land,

so I am currently taking a repreve from fixing my credit and I am working on my boyfriends credit report. Well I was happy to say that it was not as bad as I thought it would be, but he has some medical baddies and student loan baddies that I want to help him work on. Does anyone know the timeline for Florida regarding unpaid medical debt? The debt was from a hospital visit from 2005ish. The student loans we are going to call them and get back on a payment plan for that and hopefully that will help those baddies, but if anyone has a suggestion on the student loans also that would be great too. Thanks in advance…..

Related Blogs

  • Related Blogs on Medical Bill help
  • Travel Insurance Can Help In Controlling Rising Medical Bills
  • Tier 5: Schumer Promises Legislation To Help The 99ers « debt …
  • Victoria Namkung: Eco-Friendly Hair Guru Chaz Dean Gives Back …
  • Derrick Crowe: Busting White House Spin on WikiLeaks: No Leak …
  • Philip Smucker: WikiLeaks Story Exposes Bad Intel From the Field …

Being called by CA on paid student loan

Apr 122010
 

I had a Plus Loan for my son that was paid off about 20 years ago. The bank no longer exists, and I sure as heck don’t have my checks from 20 years ago.

 

A CA is calling me to collect this debt. Worse, they have my name as the parent AND the student, with different birth dates. 

 

My question is: Does the federal government have to abide by the same rules for verifying a debt as a private company?

 

 

Student Loan Rehab – For nothing?

Mar 262010
 

I have been doing a lot of reading in reference to the student loan rehab program. 

I was involved in this program for almost 2 years and finally this January I was issued a lender. 

Of course I was thrilled because I assumed my negative student loan history would be resolved. 

However, the rehab was never reported to my bureaus.  The only thing that has ever been on them is Nelnet– which is what I rehabilitated. 

It consistently and currently shows as a status of 120+ past due but with a zero balance.  It also has in the remarks section: Claim filed with government. 

I am contemplating calling Nelnet and seeing if something can be done about this, but I am not sure what my chances are. 

Has anyone had this kind of situation happen, and if so, is there anything I can do to make this somewhat positive on my credit?

 

Thanks so much in adavance! :smileyhappy:

 

 

who do i pay……………

Feb 152010
 

hey all,  new to th forum

 

not a major question however i wan to delete an item form the credit report and assist my credit score go higher,

 

whom do i pay???

 

the car – 20,000.00 or the student loan - 6.676.00?

 

mother says car, boyfriend says loan as it would help my credit score?

 

friends and family say the car,>then lower the insurance to collision and liability ( save money both ways)

 

what sayu?

 

 

Â