Reply
Valued Member
Macdoll30
Posts: 33
Registered: ‎10-16-2013
0

Is it possible to get a closed student loan off my credit reports?

I see red flags on my report when I click on details it says the account was transferred . Description, closed. Can this be removed since it is now sallie mae, and if it can be removed would it further hurt or help my credit score?
Community Leader<br> Valued Contributor</br>
Community Leader
Valued Contributor
SCF
Posts: 1,104
Registered: ‎06-09-2008
0

Re: Is it possible to get a closed student loan off my credit reports?

Student loans are often sold to different servicers, and the process has no negative effect on your credit.  Where are you seeing this red flag?  Is there any negative information associated with the account, like a late payment?

 

Closed accounts in good standing stay on your report for 10 years, and generally they have a positive effect since they continue to factor in your average age of accounts.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}