Simplyme12u1 Posted March 31 Share Posted March 31 I opened two student loans in 2006, and over the years I placed them either in deferment or forbearance status. I finally paid them both off in October of 2019. Both loans are reported as closed accounts but reflect late payments from a few times over the years I did not renew the status. Is there a way for me to remove them from my credit file? Does the 7-year statute apply because the loans were opened in 2006? Any help would be greatly appreciated. Quote Link to comment Share on other sites More sharing options...
Admin MarvBear Posted March 31 Admin Share Posted March 31 Welcome to our community here at Creditboards. First things first, a huge welcome! We're thrilled to have you join our passionate group of individuals. Whether you're a seasoned veteran or a curious newcomer, there's a place for you here. Just a heads-up that your initial posts will be gently moderated while you gain your member status. This helps us maintain a healthy, respectful environment for everyone. Don't fret, though! It's a quick and transparent process, and soon you'll be enjoying full member access, including posting freely and joining in the discussions with equal gusto. Speaking of discussions, know that our community runs on the dedication of wonderful volunteers. We all have lives outside of this space, juggling jobs, families, and maybe even pet iguanas (who, by the way, are always welcome in our hearts!). This means that answering your questions might take a little time sometimes, as the right expert might not be available instantaneously. But rest assured, your questions will be answered! We have a fantastic team of knowledgeable folks eager to share their expertise, so just hang in there. Remember, patience is a virtue, and it often leads to even more meaningful conversations. We sincerely hope you stick around and build a lasting history with us. This community thrives on the diverse perspectives and contributions of its members, and we can't wait to see what you bring to the table! So, explore, participate, ask questions (patiently!), and most importantly, enjoy the ride. Quote Link to comment Share on other sites More sharing options...
hdporter Posted April 1 Share Posted April 1 Any credit history for a paid installment loan that was closed in good standing (final status not default or collection) will continue to report as follows: Any individual delinquencies noted on the reporting will be removed 7 years after that delinquency month. All other positive monthly statuses will drop month by month when 10 years has elapsed. The tradeline itself will be removed 10 years after the last date of reported activity. Because it's feasible that the tradeline will continue reporting as a "positive" account for years after the last delinquency drops, in the big picture it can be very beneficial to be patient and not try to rush removal of the tradeline. Quote Link to comment Share on other sites More sharing options...
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