I have searched and cannot find it. Does anyone have links or documentation on the guidelines for Federal-backed SLs to report delinquencies? I ask because I can see upon searching that federal SLs don't get Goodwills. I'm just trying to find out what the legal requirement is for those.
Background, I consolidated when I should have rehabbed. Before I found myfico and before I realized the ramifications of student loans on my credit report. I now have many, many late payments (some up to 180d), reporting on the closed SL accounts that I consolidated.
I should have been more specific. What is the legal requirement for a federal student loan (specifically a Closed account) to report late payments?
I have the same problem. I consolidated 15 Federal Loans into 2 in October of 2015 with a bunch of very bad lates.
My understanding is that they will continue to report for the standard time (up to 7.5 years) and may affect your Fico Score less at certain yearly milestones.
Stafford = Seven Years
Perkins = Life