It is now.
Student loans, like child support obligations and tax liens, are in a class unto themselves in terms of credit reporting. These debts are exempt from limiations placed on other types of debts and can be pursued, reported and sued over (most of the time) indefinitely. They cannot (usually) be discharged in bankruptcy and will not disappear, no matter how long a consumer waits.
It will appear as an additional loan on yoru credit report, even if issued under the same MPN as a previous loan.
Yes. You violated the terms of the financial agreement and as such are demonstrating your irresponsibility as a credit risk. That is the purpose of credit reports to a credit bureau. It exists to report your history as a credit-worthy individual.
You can try, however if they agree then this will change the date on your credit report. Meaning: It will stay on your credit report even longer.
{| |- | AnswerSome things like filing for a bankruptcy never come off easily from your credit report as such an incident is considered as you are not able to manage your finances and lenders later see this as a risk.|}
HI: My credit report had an address for sending a challenge letter. I think it was in real small print on one of the pages. Later, I looked on the web site of the credit company and there was a way to do it online. I really did not expect a positive result since we seem to have so little control over these credit reports. What a surprise many weeks later when I got a letter saying that the negative entry had been removed. I would try writing a letter to the company and explaining the mistake. In my case, a collection agency was sending me bills for an old dental bill that was not mine. I found out that they are required to send you documentation supporting their claim. I asked for documentation and they never sent it. Later, the unpaid bill appeared on my credit report. By the way, the government requires the big 3 credit report companies to provide us with a free annual credit report: https://www.annualcreditreport.com/cra/index.jsp Beware of websites that offer a free report if you sign up for a free trial of their credit protection. They wait until the free trial expires before sending the report and you end up paying for a month of 'protection'. Hope this helps.
Notify all three credit reporting agencies, get confirmation of correction(s), and subsequently follow-up three months later to ensure that neither refreshes the others. Remember that a person is entitled one free copy of their credit report per year; just use it.
Yes, that's perfectly normal.
Yes, however you can easily take care of this and have your credit reports corrected.
2001. Always go by the later dates of payment, delinquency, etc.
A debit is taken straight from the money you have in your bank account. A credit is taken, then the cost billed to you. With a debit, you pay now with no interest. With a credit, you pay later with possible interest added to it.
It should have come off no later than 1999/2000. First make sure that it is on your credit report in a place that a lender may see it. Some CRAs send individuals a "complete" report that may not be avail. to creditors or potential creditors. You can also contact the CRAs directly. Experian, Trans-Union and Equifax are the CRAs.
may change based on program requirements at the time of readmission