On what date is my credit checked for GradPlus loans?

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Bobalou
Posts: 118
Joined: Wed Dec 16, 2009 11:12 am

On what date is my credit checked for GradPlus loans?

Postby Bobalou » Wed Apr 28, 2010 12:24 pm

I found 2 small accounts on my credit report which I promptly paid off. I was told it could take 30 or 60 or 90 days for them to be reported as closed. Anyone know when my credit will actually be checked for the GradPlus loans?
Thanks!

turnerr
Posts: 7
Joined: Sat May 30, 2009 2:23 pm

Re: On what date is my credit checked for GradPlus loans?

Postby turnerr » Wed Apr 28, 2010 8:02 pm

you can probably appeal either way. why don't you contact each credit bureau and fax a document showing they are paid. can't slow the process any.

what bureau did you check?

03121202698008
Posts: 3002
Joined: Fri Jul 17, 2009 2:07 am

Re: On what date is my credit checked for GradPlus loans?

Postby 03121202698008 » Wed Apr 28, 2010 8:10 pm

For GradPlus they only care that there are no payments 90+ days overdue or missed payments on previous student loans. They don't use a debt to income ratio so this shouldn't hurt you unless they are 90 days late, at which point them showing paid won't help anyhow.

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SamSeaborn2016
Posts: 412
Joined: Fri Feb 13, 2009 3:07 pm

Re: On what date is my credit checked for GradPlus loans?

Postby SamSeaborn2016 » Wed Apr 28, 2010 8:16 pm

with the new online student loan site, your credit is checked as soon as you submit the gradPlus application. You should get either an instant approval or a response explaining the next steps necessary if not.




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