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

Scvbd99, my goal is to need to disagree with 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 with all the loan that is new dating returning to once I initially took out of the federal student education loans by having a “pays as agreed” status with no belated payments. They really reveal no re re re payment history on it. My understanding is it isn’t really the truth with everybody else (having the old tradelines removed), nevertheless the brand brand new tradelines will back date. Technically, all they need to do is eliminate any opinions showing that the loans had been ever in standard, however some do a lot more than that.

Nothing you said has any applicatiion to my reponse towards the opening post.

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

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

As far as what you’re saying (which again, has nothing to do with this thread) when you rehab a loan, all given information regarding 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. Really, we had 18 defaulted student education loans that i rehabbed, and 15 of these had the belated re payment history before default removed. The other 3 would not budge, and left my payment history that is late on. It absolutely was totally worth the rehab process, though.

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

800+ for several 3 CRAs.

Took 4 years after rehabbing a lot of defaulted student education loans, but completely worth every penny.

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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 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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We really have no clue in the event that OP is in a position to rehab te loan in concern. Whether it’s a qualifying loan kind, i’d bet he could as long as it had never ever defaulted before. It is possible to just rehab a qualifying loan when.

800+ for several 3 CRAs.

Took 4 years after rehabbing a number 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 can also Tax Warrant (Lien and Levy) you also.

That literally means they could sieze your checking and cost cost savings reports, genuine property, and so forth, in the event that you get a long time.

I happened to be significantly lucky, as 50 % 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 reports reveal since paid as agreed (moved to some other working office) 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 they certainly were forgiven we kept getting yearly notices that when I defaulted they are able to simply take every one of the actions above including personal collections.

One other kinds of Federal Student Loans (Perkins) are resistant through the 7 year rule and can appear literally forever because happens to be stated before.

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