how long can a student long stay on a report? this opened in 1999..in january it will be 9 years and the information is derrogatory. should i be able to delete it?

FOREVER!!!!!!



Noooooooooooooo, I'm kidding....



or am I?

you wasted keystrokes on that?

Jeez, someone takes themselves too seriously...

Student loans are just as equally subject to the 7 year term as anything else. Defaulted student loans also 7 years.

I'd recommend a trip to the Newbies section for some general knowledge.

Not exactly. Regular derogatory information is subject to the exact same reporting requirements as regular loans/debts. Defaulted student loans are a bit different, however. Unlike regular debts, which count the 7 years from the DOFD, defaulted SLs uses the date of default as when the 7 years begins. This will be long after your first missed payment. Depending on how long it's been in default, a whole new 7 year reporting period can begin if it leaves the guarantor and is subrogated by the DOE.

Remember, though, the date is from the DOFD, NOT the date the loan was opened. Did the delinquency (assuming this is just lates and not a default) also occur in 1999? If not, then the reporting period may not be over.

Hope this helps! Good luck!

http://creditboards.com/forums/index.php?showtopic=263500

Complete explanation, available as Sticky on first page...