I have 5 Nelnet loans that were closed by a re-fi (with Nelnet) that were up to 90 days late in the past.

Before finding the god-send that is CB, I disputed the information with the CRAs and all of them came back verified and updated with even more late information than was there to begin with!

A search through this forum explained it to me though...man, I wish I'd stayed away from that online dispute button!

My question, now though, is how long does this type of loan stay on your report? The date of last activity reported is July 2005 (the date I re-fied) but the first delinquency that I can see appears to be 2000.
So does the CRA clock go from the last payment made (2005) or the first time it was late?

Or do student loans just have their own set of rules entirely?

It will go 7 years from the date of last activity, which would be your refi date!

The lates will stay there until they have aged for seven years. They have little effect after two years.

Okay, so the loans will stay until 2012, but the lates will start falling off when each one individually hits the 7 year mark?

The newest one is 2004, so good to know that they won't count so much anymore...my FICO took a major nosedive when they updated with all those new ones!

The lates will fall off seven years from the date they were incurred.

Great, thanks for the info!

I've been reading PsychDoc's seminars quite a bit lately. He suggests using the nutcase letter as a possibility for removing lates on a student loan.

Has anyone here had any success with that?

I wonder if this would be a good idea in my case, however, as I refinanced with Nelnet, so I am actually still their customer...

Nutcase letters are more likely to make the lenders look closer at your loan and go "oh he was actually 120 days late." Not a good idea.

Okay. <sigh> Thanks for the heads-up.

They're all at least 2 years old, so I know they won't affect me as much anymore, but it was worth asking!