I had student loans taken out in 1996-1998. They were due for repayment in 1999-2000 and I defaulted on them.

They were never assigned to a CA. They are through the US Dept of Education for about $7700.

In 2001 I consolidated all of them into one loan and have been paying religiously on it. It is listed on my CR as paying as agreed, never late.

The problem is that the 4 loans I conolidated are all listed as bad debt, late, transferred, etc. That is really hurting me. I tried verifiying with the CRA and came back updated. (Although I dont know how since it took them 2 days to update).

How do I get rid of these???? Or I am stuck for 7 years. I wish I had found CB before I consolidated. BTW, my consolidation is through the same company, US Dept of Ed.

I had almost exactly the same problem.

Loans set to start repayment in 1995 paid fine thru 1997 then defaulted. Rehabbed via installments 2001-2003 then resold to Sallie Mae and am now current.

Each loan was on there 4 times (each loan is 17k so you can imagine what it did to my score.) once for the original loan, one for the default/collections, one for the rehab and one for the current Sallie Mae.

Before I knew what I was doing and had found CB I just wrote each CB explainig that the loan was now current and since it was the same loan if they could remove all of the old derogotory stuff. They did much to my surprise.

I am sure the experts on here will probably give a better way of doing it but there is hope!

Eeyore-
So you just wrote to the lender, explained the situation and they removed the old stuff?

I guess it is worth a shot. I tried to dispute via the CRA but it came back verified. Although it only took 2 days to come back.

Thanks