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

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

Scvbd99, i will need to disagree with you. We finished rehabbing my loan in might and TU and EX have actually deleted the old tradelines entirely (waiting on EQ). These were changed by tradelines aided by the loan that is new dating back once again to once I originally took out of the federal figuratively speaking having a “pays as agreed” status with no belated re re payments. They really reveal no re payment history in it. My understanding is the fact that it isn’t really the scenario with everybody (having the tradelines that are old), however the brand new tradelines will back date. Theoretically, all they should do is eliminate any reviews showing that the loans had been ever in standard, however some 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 perhaps maybe not rendering it up. Your loans that are rehabbed stay unpaid are nevertheless on your credit history, right? The financial obligation does not disappear, and neither does reporting on that financial obligation on your own credit file. After rehab, your debt simply gets a brand new servicer, as if you stated.

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

In terms of that which you’re saying (which once more, has nothing to do with this thread) whenever you rehab that loan, all information regarding it ever having held it’s place in standard is requried to disappear completely for legal reasons. Any kind of deraugatories removed are 100% as much as the CA/servicer. Actually, we had 18 defaulted student education loans that i rehabbed, and 15 of these had the belated re re payment history before default eliminated. The other 3 would not budge, and left my belated repayment history on. It absolutely was totally worth the rehab process, though. Continue reading “The length of time do defaulted figuratively speaking remain on credit history”