Hello I am new to this all. I have a student loan for $6000 that is in default and was in collections. On the transunion report it says the projected date to be removed is 8/2009. I was recenly contacted by the CA and they offered me a settlement of $3000. I made payment on it. Since I made paid the loan does this re-age it? what I mean to ask is that will this still fall off my credit report in 8/2009 or because I made payment is it going to drop off seven years from todays date? Thanks!!
You'll most likely get more responses behind this, but my understanding is that you have reset the date due to making a payment. If you didn't PFD then you may be looking at this staying on your report for an additional 7 years.
