When I was going through turmoil almost 2 years ago I defaulted. I was never even told there was such a thing a rehabbing the loans. So I consolidated as it was the only thing offered to me.

BUT TGSL is reporting it as a charge off as of 9/2004--6 months after the fact and 3 months after it was paid off by consolidation.

After this stuff has aged 2 years will it start to have less affect on my credit scores?

The only positive is that I originally had a very high interest rate and now it is 4.25%--well 4% after the discount

edited to add another sentence