(Last Updated On: May 21, 2020)

The length of time do defaulted figuratively speaking remain on credit history

Scvbd99, my goal is to need to disagree to you. We finished rehabbing my loan in May and TU and EX have actually deleted the old tradelines entirely (waiting on EQ). These people were changed by tradelines aided by the loan that is new dating returning to whenever I initially took out of the federal figuratively speaking by having a “pays as agreed” status with no belated re re payments. They really reveal no re payment history to them. My understanding is the fact that this isn’t always the truth with everyone else (having the tradelines that are old), however the brand new tradelines will back date. Theoretically, all they need to do is eliminate any responses showing that the loans had been ever in standard, many do significantly more than that.

Absolutely absolutely absolutely nothing you said has any applicatiion to my reponse towards the opening post.

I said that unpaid student education loans stick to your credit file indefinitely, and I also’m not rendering it up. Your rehabbed loans that stay unpaid continue to be in your credit file, right? The financial obligation does not disappear completely, and neither does reporting on that financial obligation in your credit history. After rehab, your debt simply gets a brand new servicer, as if you stated.

Anyhow, the person i taken care of immediately said absolutely nothing about rehab.

In terms of everything you’re saying (which once again, has nothing at all to do with this thread) whenever you rehab that loan, all details about it ever having held it’s place in standard is requried to disappear completely for legal reasons. Just about any deraugatories eliminated are 100% as much as the CA/servicer. Individually, i had 18 defaulted student education loans that i rehabbed, and 15 of those had the late re payment history before default removed. The other 3 would not budge, and left my payment history that is late on. It had been completely worth the rehab process, though.

And yes, of program you obtain new tradelines for every defaulted loan you will get rehabbed when it gets a servicer that is new. It really is pretty awesome.

800+ for several 3 CRAs.

Took 4 years after rehabbing a number of defaulted student education loans, but completely worthwhile.

  • Mark as brand brand New
  • Bookmark
  • Subscribe
  • Mute
  • Contribute to RSS Feed
  • Permalink
  • Printing
  • E-mail to a buddy
  • Report Inappropriate Information

We assumed you had been referencing the post above you that suggested rehabbing as an alternative. My error.

FICO8 ratings at the time of 8/8/17: EQ-643 TU-644 EX-629
Current FICO8 ratings as of54/7/18: EQ-668 TU-651 EX-652
Current Mortgage ratings: EQ-681 TU-655 EX-648
Goal: all FICO8s above 700

Credit Card Lineup: Capital One Quiksilver One – $850, Torrid – $3,000, Wayfair – $7,100, Victoria’s key – $2,000, Overstock – $5,150, Discover it – $9,500, Amazon shop Card – $200, Capital One Platinum – $3,000, Care Credt – $1,500

  • Mark as brand brand New
  • Bookmark
  • Subscribe
  • Mute
  • Donate to RSS Feed
  • Permalink
  • Printing
  • Email to a pal
  • Report Inappropriate Information

I really have no clue in the event that OP could be able to rehab te loan in concern. Whether or not it’s a qualifying loan type, i’d bet as it had never defaulted before that he could so long. It is possible to just rehab a qualifying loan when.

800+ for several 3 CRAs.

Took 4 years after rehabbing a number of defaulted student education loans, but completely beneficial.

  • Mark as brand New
  • Bookmark
  • Subscribe
  • Mute
  • Donate to Rss
  • Permalink
  • Printing
  • E-mail to a pal
  • Report Inappropriate Information
  • Mark as brand New
  • Bookmark
  • Subscribe
  • Mute
  • Contribute to Rss
  • Permalink
  • Printing
  • E-mail to a pal
  • Report Inappropriate Information

While many figuratively speaking (Stafford) can’t be reported after 7, they are able to tax intercept the hell away from you until it really is paid down.

They could also Tax Warrant (Lien and Levy) you too.

That literally means they could sieze your checking and cost savings reports https://1hrtitleloans.com, real property, an such like, in the event that you go a long time.

I became notably lucky, as 1 / 2 of my education loan 15 years back that I’d deferred after which been payments that are making, had been forgiven because of the University being sued for fraudulence.

So my Student Loan reports reveal since paid as agreed (transported to some other working workplace) from the time they certainly were forgiven.

They fall off quickly, so bye bye free low priced bump ever sold, but those had been Stafford and until these people were forgiven we kept getting yearly notices that when we defaulted they are able to just take every one of the actions above including private collections.

One other kinds of Federal Student Loans (Perkins) are resistant through the 7 rule and will show up literally forever as has been said before year.

  • « Past
    • 1
    • 2
    • 3
  • Next »

Get Our App

Credit Education

Copyright © 2001- Fair Isaac Corporation. All liberties reserved.

All FICO ® Score products made available on myFICO.com incorporate a FICO ® Score 8, that will consist of extra FICO ® rating variations. Your loan provider or insurer can use A fico that is different compared to the variations you will get from myFICO, or another form of credit rating completely. Find out more

FICO, myFICO, Score Watch, The rating loan providers utilize, and also the rating that really matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. And its particular companies that are affiliated. Numerous facets affect your FICO Scores plus the rates of interest you may get. Fair Isaac just isn’t a credit repair company as defined under federal or state legislation, including the Credit fix businesses Act. Fair Isaac will not provide “credit repair” services or advice or support regarding “rebuilding” or “improving” your credit score, credit rating or credit history. FTC’s web site on credit.