By on May 20th, 2020 in Loan Max Title Loans Reviews

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

Scvbd99, my goal is to need certainly to disagree to you. We completed rehabbing my loan in might and TU and EX have actually deleted the tradelines that are old (waiting on EQ). They certainly were changed by tradelines aided by the brand new loan servicer dating returning to whenever I initially took out of the federal student education loans by having a “pays as agreed” status with no late re payments. They really reveal no re re re payment history to them. My understanding is the fact that it isn’t really the outcome with everybody else (having the tradelines that are old), nevertheless the brand new tradelines will back date. Technically, all they need to do is eliminate any remarks 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 to your opening post.

I stated that unpaid student education loans stick to your credit history indefinitely, and I also’m perhaps perhaps perhaps not rendering it up. Your rehabbed loans that remain unpaid will always 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 simply gets a servicer that is new as you stated.

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 details about it ever having experienced standard is requried to disappear completely for legal reasons. (more…)