I think Lynne mentioned in one of my previous posts that since my defaulted SL is more than two decades old -- it won't show up on my CR's. I am double checking this -- If I do a consolidation loan to pay the servicer on this defaulted loan It will NOT show up as a negative TL on my CRs? Is this correct?

If you consolidate, the new loan will show up as a .... new loan! It won't have the old information tied to it. To keep it looking good, you will need to keep the loan up to date.