Just how long do defaulted figuratively speaking remain on credit file

Just how long do defaulted figuratively speaking remain on credit file

Scvbd99, my goal is to need to disagree to you. We finished rehabbing my loan in might and TU and EX have actually deleted the tradelines that are old (waiting on EQ). These were changed by tradelines using the loan that is new dating back once again to once 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 on it. My understanding is it isn’t really the actual situation with everybody (having the tradelines that are old), however the brand brand brand new tradelines will back date. Theoretically, all they should do is eliminate any reviews showing that the loans had been ever in standard, many do a lot more than that.

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

I stated that unpaid student education loans stick to your credit history indefinitely, and I also’m maybe maybe perhaps not which makes it up. Your rehabbed loans that stay unpaid are nevertheless on the credit file, right? The financial obligation does not disappear completely, and neither does reporting on that financial obligation on the credit history. After rehab, your debt just gets a servicer that is new as you stated.

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

In terms of that which you’re saying (which once more, 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. Virtually any deraugatories eliminated are 100% as much as the CA/servicer. Individually, we had 18 defaulted student education loans that i rehabbed, and 15 of those had the belated re payment history before default eliminated. The other 3 would not budge, and left my belated repayment history on. It had been completely worth the rehab process, though.

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

800+ for many 3 CRAs.

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

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We assumed you had been 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 Scores as of54/7/18: EQ-668 TU-651 EX-652
Current home loan Scores: 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 Secret – $2,000, Overstock – $5,150, Discover it – $9,500, Amazon shop Card – $200, Capital One Platinum – $3,000, Care Credt – $1,500

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We really don’t know 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 would bet as it had never defaulted before that he could so long. It is possible to just rehab a qualifying loan as soon as.

800+ for several 3 CRAs.

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

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Although some figuratively speaking (Stafford) can’t be reported after 7, they could tax intercept the hell away from you until it really is paid.

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

That literally means they could sieze your checking and cost cost cost savings reports, genuine home, 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 had deferred after which been making repayments on, had been forgiven as a result of University being sued for fraudulence.

So my education loan reports reveal since paid as agreed (moved to some other working workplace) from the time they certainly were forgiven.

They disappear quickly, so bye bye free low priced bump ever sold, but those had been 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 forms of Federal Student Loans (Perkins) are resistant through the 7 12 months guideline and certainly will arrive literally forever since happens to be stated before.

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