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

Scvbd99, my goal is to have to disagree to you. We finished rehabbing my loan in might and TU and EX have deleted the tradelines that are old (waiting on EQ). These were changed by tradelines aided by the brand new loan servicer dating returning to whenever I initially took title loans near me out of the federal figuratively speaking having a «pays as agreed» status with no belated re re re payments. They really reveal no re re payment history to them. My understanding is the fact that it isn’t really the scenario with everybody (obtaining the tradelines that are old), however the brand brand new tradelines will back date. Technically, all they need to do is eliminate any responses showing that the loans had been ever in default, many do significantly more than that.

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

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

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

So far as everything you’re saying (which once more, has nothing at all to do with this thread) whenever you rehab that loan, all information on it ever having held it’s place in standard is requried to disappear completely for legal reasons. Every other deraugatories eliminated are 100% as much as the CA/servicer. Actually, we had 18 defaulted student loans that i rehabbed, and 15 of these had the belated payment history before default eliminated. The other 3 would not budge, and left my belated repayment history on. It had been totally worth the rehab process, though.

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

800+ for many 3 CRAs.

Took 4 years after rehabbing a number of defaulted figuratively speaking, but completely worth every penny.

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We assumed you’re referencing the post above you that suggested rehabbing as an alternative. My blunder.

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 home loan ratings: EQ-681 TU-655 EX-648
Goal: all FICO8s above 700

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I really have no clue in the event that OP could be in a position to rehab loan that is te concern. Whether or not it’s a qualifying loan kind, i’d bet he could provided that it had never ever defaulted before. You can easily only rehab a qualifying loan as soon as.

800+ for many 3 CRAs.

Took 4 years after rehabbing a lot of defaulted figuratively speaking, but completely worth every penny.

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The hell out of you until it is paid off while some Student Loans (Stafford) cannot be reported after 7, they can tax intercept.

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

That literally means they could sieze your checking and cost cost savings records, genuine home, and so forth, if you get too much time.

I happened to be notably lucky, as 1 / 2 of my education loan 15 years back that I experienced deferred after which been payments that are making, ended up being forgiven as a result of University being sued for fraudulence.

So my education loan accounts reveal since paid as agreed (moved to a different working workplace) from the time these people were forgiven.

They fall off quickly, so bye bye free low priced bump ever sold, but those were Stafford and if I defaulted they could take all of the steps above including private collections until they were forgiven I kept getting annual notices that.

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

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