What would you do....Question about how an old trade line is reporting

[canipleasegetabove750]

I have a question for everyone. I posted here because this is more of a "how does this affect my credit" question versus what do I do about this student loan trade line.

 

I have a sallie mae student loan that was opened in 2000....this is the oldest trade line on my report. The problem is, this account went into default in 2007. I have since rehabbed the loan and I am actively paying on it through Nelnet.

 

The Salle mae is currently reporting the "current status" as 120 days past due. I'm not sure if this is correct, as I rehabbed this loan. My last payment on this account shows in 12/07. It hasn't had any other activity since early 2008 when I rehabbed it.

 

Should I just let it be as it is my oldest trade line? Do you think this is causing a drop in my score? I'm not sure since that last late payment was so long ago. Just thought I would get some opinions on what to do with it.

 

It hasn't caused me any problems as I just closed on my new home on 11/13.....the mortgage company didn't even ask for a loe.

 

Thanks for any insight.

[shifter]

no, you should dispute as obsolete and have it removed.

 

any AAOA benefit from the old TL is FAR, FAR outweighed by the 120DL.

[canipleasegetabove750]

It isn't due to be removed until 2015 so I don't know if an obsolete would work or not but I will give it a try