Credit Reporting Agencys and fed student loans

[HCEast]

My sister has a federal student loan that defaulted in 1987. Does anyone know if the Credit Reporting Agencys is allowed to report these loans past seven years. I know that for any other kind of credit cards, bank loans etc., the limit is seven years. I'm just wondering if this also applies to federal student loans. Thanks, Heather

[jakeslim]

interest in this also...ttt

[beenbad]

I don't think the 7 year limit applies to Student Loans...

[nicnac]

The 7 year limit for reporting on your CR applies to SL's....but there is no SOL on federally backed student loans so they can attempt to collect forever.

[dd135]

I don't believe there is anything in the FCRA that exempts student loans from the 7 year after original deliquency rule.

 

However, during that 7 years your loans are likely to be reassigned once or twice and the agency that winds up with them is likely to list it as a new collection. It may take a fight, but if you have all of your paperwork then they have to remove these after 7 years.

[LynnInMN]

Everytime they are sold the report SOL starts all over again. For FFELP loans, this can go on for years. Direct Loans are not so long winded!!

[dd135]

The SOL for collecting maybe, but I can't find anything in the FCRA that exempts student loans from deletion after 7 years from original deliquency.

 

Student loan or not, while it may get sold from collector to collector, they have no right to report it if it's 7 years old. (But they'll try)

[HCEast]

Thanks for the info! Heather