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Posts: 84
Registered: ‎04-19-2013
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Student Loan 120 Days Past Due

One of my best friends from high school had two student loans from Wells Fargo...totaling about $1500... go 120 past due and then given to a collection agency. Those loans are long paid now and the 120 past dues are 7 years old in November.

My question is do they hurt her FICO at all this long after? I say no....or minimally at worst. Am I correct?

Chase Southwest - $79,500 I CSP - $50,000 I Barclays Aviator Silver - $25,800 I
Wells Fargo Sig - $25,000 I Amex BCP- $34,000 I BankAmericard - $16,000 l AMEX ED - $10,000 l AMEX Platinum NPSL l Barclays Apple - $10,000 l PayPal MC - $10,000 l Sportsmans Guide Visa - $12,000 l CITI AA - $9,400 l CITI Simplicity - $10,100 l CITI Double - $9,000
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Posts: 895
Registered: ‎06-23-2010
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Re: Student Loan 120 Days Past Due

You are correct.  The lates are having a pretty minimal impact as long as there is other history on his credit report.


Were these federal student loans tha were rehabed so the collection status could be removed?  Or were they just paid in collection and when was the payment made?

Starting Score: Eq: 662 Tu: 532 (03/02/2011) CH7BK 01/12/2009 Discharge
Current Score: Eq: 712 (02/03/2017) Tu: 717 (04/03/2013)
Goal Score: Eq: 760 Tu: 760

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