New Visitor
Posts: 1
Registered: ‎02-19-2013

defaulted student Loan on credit report

In June of 2012 i defaulted on my loan.  After a few monthly payments to another company I have since been paying the DOE through direct loans each month.  The company i defaulted with has reported to my credit report negatively as I expected.  My question would be can they report negatively about a debt that has been consolidated and is being reported as positive at the same time? Can this be disputed.  please help as i am trying to get approved for a home loan.  thank you

Established Contributor
Posts: 543
Registered: ‎12-28-2012

Re: defaulted student Loan on credit report

When did you consolidated the defaulted loan and how many payments have you made through consolidation?  I have a defaulted loan that I consolidated and it wasn't a issue with my underwriter.  You should be fine if you have made at least 12 months of payments.

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