SL origin date Older than 7 yrs?

[thjatty]

Can student loans still be reported if originated more than seven (7) years ago?

 

This comes directly from the Dept. of Education:

 

 

Q:My credit record is tarnished because of my defaulted student loan. Is there anything that I can do to improve my credit record?"

 

A: "Failure to repay your defaulted student loan can be damaging to your credit record. In fact, consumer reporting agencies may continue to report an account for 7 years from the opening date..."

source http://www.ed.gov/offices/OSFAP/DCS/repaying.html

 

so? does this mean if original date or opening date is more than 7 years old they cant report??? or does Dept Ed. have it wrong?

 

thjatty

[LynnInMN]

It is 7 years from the opening of the defaulted account. The OC reports from 7 years from the DOLA.