Old Student Loan baddie - help is needed!!!!

[SusieQ]

Below is the baddie that has haunted me for almost 7 years.     The last payment date was 8/31/2009.   It wasn't charged off, but was transferred to AES/Suntrust.

Since the last payment date will be 7 years end of next month, will I be able to request removal?  Or will I have to wait until 9/2017 when the last late payment notation falls off?

Any and all information/recommendations will be appreciated!!!

SALLIE MAE  #**** POB 9500 WILKES-BARRE, PA 18773-9500 Phone number not available Date Opened: 07/05/2006 Responsibility: Individual Account Account Type: Installment Account Loan Type: STUDENT LOAN Balance: $0 Date Updated: 10/04/2010 Payment Received: $0 Last Payment Made: 08/31/2009 High Balance: $6,557 Pay Status: Current; Paid or Paying as Agreed Terms: $0 per month, paid Monthly for 120 months Date Closed: 10/04/2010 >Maximum Delinquency of 120 days in 01/2010 and in 09/2010 for $937< Remarks: TRANSFERRED TO ANOTHER OFFICE 09/2010 08/2010 07/2010 06/2010 05/2010 04/2010 03/2010 02/2010 01/2010 12/2009 Rating 120 120 120 120 120 120 120 120 120 90 11/2009 10/2009 09/2009 08/2009 07/2009 06/2009 05/2009 04/2009 03/2009 02/2009 Rating OK OK OK OK OK OK OK OK OK OK 01/2009 12/2008 11/2008               Rating OK OK OK

[RobertEG]

Is it a federal student loan?

[SusieQ]

yes, it was a federal loan thru sallie mae.    After default it was sold to AES Suntrust.

[RobertEG]

Federal student loans are not subject to the normal credit report exclusion periods under the FCRA.

The Higher Education Act specifically permits their continued reporting as long as they remain delinquent.

I would recommend looking into the rehab programs for federal student loans, which require, if completed, deletion of credit reporting derogs.

Otherwise, they can continue reporting.

[Anonymous]

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@RobertEG wrote:

Federal student loans are not subject to the normal credit report exclusion periods under the FCRA.

The Higher Education Act specifically permits their continued reporting as long as they remain delinquent.

I would recommend looking into the rehab programs for federal student loans, which require, if completed, deletion of credit reporting derogs.

Otherwise, they can continue reporting.

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It looks like this tradeline has been satisfied though, it shows a balance of $0 and "current/paid" in the status.

[RonM21]

It does appear satisfied from the stats. I'm not sure if it can be deleted early, but it is worth a shot trying to find out.