I defaulted on my student loans about 7 years ago, and was being garnished for the past 4 or 5 years. I got the balance down to about $6,000 and then paid in full about 2 months ago. The loans have been on my CR in collection status for years with the balances getting smaller and smaller, and they are about to fall off my CR in November. Do you think my score will be helped when they fall off since they were in a collection status, or will it hurt my score since it will mess with my credit mix? I am not even sure if student loans in collection/default status would effect my credit mix, or not. I am really hoping to see my score jump up when they fall off since I have no other collection items, and I have a PIF car loan, and four credit cards all paid on time since they were opened.
Does anyone have any idea what will happen to my score when they fall off?