WHEN WILL IT NOT HURT ....???

theREBIRTHofCREDIT · ‎02-13-2014

When will this Student Loan NOT Hurt my score anymore...??? AND/OR When should I expect for it to FALL OFF??

NelNet Student Loan

Opened: May 2010

Last Status Update: Sept 2012

Condition: CLOSED Paid Account

Balance: $0

Status: Paid Account/ was deliquent 180 days

First Late Reported: MARCH 2012

THANKS in Advance

Goal Score 680+
Start Score ........ 2/05/14: ...EX 612 -TU 575 -EQ 567
Current Score .... 5/02/14: ...EX 652 -TU 655 -EQ 646

I almost paid for credit repair......until I found myFICO!!!!!

pizzadude · ‎02-13-2014

@theREBIRTHofCREDIT wrote:
When will this Student Loan NOT Hurt my score anymore...??? AND/OR When should I expect for it to FALL OFF??

NelNet Student Loan
Opened: May 2010
Last Status Update: Sept 2012
Condition: CLOSED Paid Account
Balance: $0
Status: Paid Account/ was deliquent 180 days
First Late Reported: MARCH 2012

THANKS in Advance

Each late payment should drop ~7 years from the time it occurred. So assuming this loan never went into charge~off / collections, it will become a positive TL around 7 years from the last late payment.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX

theREBIRTHofCREDIT · ‎02-13-2014

pizzadude:
So that I'm clear
The Student Loan account was PIF Sept 2012
This means it'll Fall Off my credit report Sept 2019??

Goal Score 680+
Start Score ........ 2/05/14: ...EX 612 -TU 575 -EQ 567
Current Score .... 5/02/14: ...EX 652 -TU 655 -EQ 646

I almost paid for credit repair......until I found myFICO!!!!!

pizzadude · ‎02-14-2014

@theREBIRTHofCREDIT wrote:
pizzadude:
So that I'm clear
The Student Loan account was PIF Sept 2012
This means it'll Fall Off my credit report Sept 2019??

Accounts will generally stay on your credit reports for 10 years from the date closed. Late payments will drop off your reports around 7 years from when they occured.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX

pr0blumz · ‎02-14-2014

Send a GW asking if they will delete the lates since its paid.