Closed accounts: Closed accounts are accounts that are no longer available for further use. Closed accounts may or may not have a zero balance. Closed accounts with delinquencies remain seven years from the date they are reported closed, whether closed by the creditor or by the consumer. Positive closed accounts remain 10 years.
Do not believe it makes a difference if the company is private or federal.
kymmie60115 wrote:
I wanted to know how long a private company like Sallie Mae will report an unpaid balance vs the Dept of education. Does it make a difference if the company is private or a federal student loan? Like will Sallie Mae and the Dept of Educ report both for 10 years or 7 years? Or if it is Federal does it remain forever? Does anyone know?
Message Edited by kymmie60115 on
02-29-2008 09:10 AM
