So after consolidation/rehab....

[refugee]

I have two loans going through a 12 -payment rehab..and consolidated the rest with dept of education.

lets say a year from now after the rehab has completed and the consolidation I did with the dept of education is already in full swing...how will it positively affect my credit ratings/reports.

obviously my credit is shot right now..so will I be positioned to start applying for credit like car loans, home loans? Or am I still going to be deprived of the american dreams and opportunities?

[Fed_Up!]

I got credit cards after 12 months of rehab and a mortgage after 24 months. You just have to work on clearing up as much as possible in those 2 years.

[refugee]

thanks...thats what i'm hoping for..that after a year of being diligent, that I will turn the corner towards the creditworthy light.