My sister has a federal student loan that defaulted in 1987. Does anyone know if the Credit Reporting Agencys is allowed to report these loans past seven years. I know that for any other kind of credit cards, bank loans etc., the limit is seven years. I'm just wondering if this also applies to federal student loans. Thanks, Heather

interest in this also...ttt

I don't think the 7 year limit applies to Student Loans...

The 7 year limit for reporting on your CR applies to SL's....but there is no SOL on federally backed student loans so they can attempt to collect forever.

I don't believe there is anything in the FCRA that exempts student loans from the 7 year after original deliquency rule.

However, during that 7 years your loans are likely to be reassigned once or twice and the agency that winds up with them is likely to list it as a new collection. It may take a fight, but if you have all of your paperwork then they have to remove these after 7 years.

Everytime they are sold the report SOL starts all over again. For FFELP loans, this can go on for years. Direct Loans are not so long winded!!

The SOL for collecting maybe, but I can't find anything in the FCRA that exempts student loans from deletion after 7 years from original deliquency.

Student loan or not, while it may get sold from collector to collector, they have no right to report it if it's 7 years old. (But they'll try)

Thanks for the info! Heather