Miranda M Posted September 2, 2014 Report Share Posted September 2, 2014 Hello! I've looked around for an answer to this, but I haven't found much. I borrowed in the early 90s then ignored the loans. As my $30,000 in loans doubled with $30,000 in interest, I dug my head deeper. But around 2005 I started repayment to the DOE. Not consolidating saved me thousands because I was not paying interest on that interest (thank you annonomous DOE phone person for tell me that!). I definitely have 24 on-time payments...maybe more. The loan default reports with the Credit Agencies long ago dropped off. My main problem with my credit is that I have none... no bad reports and no good ones. Since I was not consolidating, I was lazy about getting them rehabbed. But I'm sending in the agreement today. Once processed, what can I do to maximize the effect of this on my credit reports and/or credit score? Does DOE automatically report rehab'd loans? I have 11. Is it reported as one debt or 11? What about the long line of on-time payments? Is there any way to request the DOE to make additional or more detailed submissions? Trying to figure this out before getting a secured credit card -- they're kind of expensive. Thanks for your help! Miranda Quote Link to comment Share on other sites More sharing options...
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