Hi everyone,

This is my first post and I'm not sure if this issue been addressed I tried to go thru all of the post but did not find an answer. My issue is my I took out student loans between 1991-1995 and they all went into default. On my Equifax report date closed is 10/98 on 1 of the student loans and 4/98 on 4 others. On my Experian it shows other student loans such as USA funds last reported on 7/99 and US Dept of ED last reported on 5/2002. All of my loans have been consolidated and never late for about 3-4 years now. My question is will the ones that were reported last in 1998 drop off next year since that will be the 7 year cutoff and how can each credit report have different last reported dates for the same loans? Thanks for your help.

The date that they should drop off the credit report is not 7 years after the date they last reported or the date closed, it's 7 years after the date of the first missed payment that led to the default. That probably occurred a while before the loan was actually closed (which was probably either when you consolidated or when they were sent to collections). Did you consolidate right when they defaulted or was there a significant time gap? Did they ever go to a collection agency? They don't always report to CRAs (mine didn't). USA Funds (I think they're a guarantor for Sallie Mae loans, maybe others, too) and DOE are separate, so they would have done things at different times. If you've kept all of the correspondence from DOE and USA Funds, you may want to dig that out and see when you first started getting late notices and/or default notices. If you don't have that, you can go to DOE's loan locater (the link is in the "important links" thread at the top) and it will show the date they went into default. There are two loan locaters in the "links" thread; only the DOE's one will show this much information. You'll need a PIN, but you can get that through the web site and they'll e-mail it to you (it took about 1 day to get mine).

Hope this helps!!