topic What can I expect with Nelnet aging off file? in Understanding FICO® Scoring

What can I expect with Nelnet aging off file?

1LoneBeacon — Sat, 24 May 2025 15:39:27 GMT

I have a Dpt. of Education/Netnet account that will age off on 6/25. It is currently reporting (1) 90 days late and (8) 120 days late. What increase in score, if any, can I expect? Note that I will still have a CapitalOne 30 day late on my file that will not age off until 2/26.

The Dpt. Of Education collections account, that was due to the NelNet charge off, aged off 3 months prematurely resulted in a +1 to the Credit Karma Vantage score.

Current scores:

TU (Credit Karma Vantage) 643

Experian (Experian App) 691

Equifax (myFICO) 695

Re: What can I expect with Nelnet aging off file?

Patient957 — Sat, 24 May 2025 16:27:50 GMT

A couple of points:

1) Your late payments should age off one by one, monthly, at around 7 years from the date of each late payment. Once the late payments are gone, the account is no longer derogatory and therefore will report for 10 years from the closing date. So I don't think it's possible for the account to age off while there are still late payments showing.

2) It's possible to get goodwill from Nelnet on Dept of Ed loans. I've personally had success with this by following the advice in this thread: https://ficoforums.myfico.com/t5/Student-Loans/Nelnet/td-p/3958200

Your account has to be paid in full and closed for at least 6 months to have any chance at goodwill. I had success right after the 6 month point by following the simple procedure from the thread.

Edit to add: I realize I'm not answering your question directly. Just offering some DPs that I think could be helpful to you.

Re: What can I expect with Nelnet aging off file?

1LoneBeacon — Sat, 24 May 2025 16:55:14 GMT

Thanks.
I don't know why the late payments are still showing, but they are. Two (2) of my CRs have "Estimated month and year this item to be removed" as 6/2025. It does not report on the third.
As for a GW letter, I tried that years ago to no avail. I gave up. The debt was paid in full at least 2 years before the GW attempt. The original loan amount was $1,095. I hit collections after $200.

Re: What can I expect with Nelnet aging off file?

JSUB — Sun, 25 May 2025 11:15:50 GMT

@Patient957 wrote:
A couple of points:

1) Your late payments should age off one by one, monthly, at around 7 years from the date of each late payment. Once the late payments are gone, the account is no longer derogatory and therefore will report for 10 years from the closing date. So I don't think it's possible for the account to age off while there are still late payments showing.

2) It's possible to get goodwill from Nelnet on Dept of Ed loans. I've personally had success with this by following the advice in this thread: https://ficoforums.myfico.com/t5/Student-Loans/Nelnet/td-p/3958200

Your account has to be paid in full and closed for at least 6 months to have any chance at goodwill. I had success right after the 6 month point by following the simple procedure from the thread.

Edit to add: I realize I'm not answering your question directly. Just offering some DPs that I think could be helpful to you.

I have 6 late payments that fall off by November 2026. Reading this post encouraged me to try again after my first goodwill letter almost 2 years ago. I just sent them an email in the app. I'm not holding my breath as I found this after I sent my request.

Standard Reporting Practices

These credit reporting practices apply to all student loans.

We will begin to report a loan delinquent once it is 90 days or more past due.
We report to the consumer reporting agencies on a monthly basis, on the last day of every month.
We will report each individual loan to the consumer reporting agencies as one unique tradeline that will appear on your credit report.
We do not complete "goodwill requests" for credit updates.

NOTE: With a goodwill request, a consumer is not disputing an error. A consumer reaches out directly to the original creditor or collection agency asking for forgiveness for a mistake the consumer made and requesting a "goodwill adjustment" to information that was accurately reported to the consumer reporting agencies.

Re: What can I expect with Nelnet aging off file?

Patient957 — Tue, 27 May 2025 04:43:55 GMT

@JSUB wrote:
@Patient957 wrote:
A couple of points:

1) Your late payments should age off one by one, monthly, at around 7 years from the date of each late payment. Once the late payments are gone, the account is no longer derogatory and therefore will report for 10 years from the closing date. So I don't think it's possible for the account to age off while there are still late payments showing.

2) It's possible to get goodwill from Nelnet on Dept of Ed loans. I've personally had success with this by following the advice in this thread: https://ficoforums.myfico.com/t5/Student-Loans/Nelnet/td-p/3958200

Your account has to be paid in full and closed for at least 6 months to have any chance at goodwill. I had success right after the 6 month point by following the simple procedure from the thread.

Edit to add: I realize I'm not answering your question directly. Just offering some DPs that I think could be helpful to you.

I have 6 late payments that fall off by November 2026. Reading this post encouraged me to try again after my first goodwill letter almost 2 years ago. I just sent them an email in the app. I'm not holding my breath as I found this after I sent my request.

Standard Reporting Practices
These credit reporting practices apply to all student loans.
We will begin to report a loan delinquent once it is 90 days or more past due.
We report to the consumer reporting agencies on a monthly basis, on the last day of every month.
We will report each individual loan to the consumer reporting agencies as one unique tradeline that will appear on your credit report.
We do not complete "goodwill requests" for credit updates.
NOTE: With a goodwill request, a consumer is not disputing an error. A consumer reaches out directly to the original creditor or collection agency asking for forgiveness for a mistake the consumer made and requesting a "goodwill adjustment" to information that was accurately reported to the consumer reporting agencies.

Good luck. If it doesn't work the first time, try again periodically. It takes almost zero effort. All I wrote was, "Please remove late payments if possible. Thank you," or something like it. It worked the second time for me, not the first.

Re: What can I expect with Nelnet aging off file?

Patient957 — Tue, 27 May 2025 04:54:37 GMT

@1LoneBeacon wrote:
Thanks.
I don't know why the late payments are still showing, but they are. Two (2) of my CRs have "Estimated month and year this item to be removed" as 6/2025. It does not report on the third.
As for a GW letter, I tried that years ago to no avail. I gave up. The debt was paid in full at least 2 years before the GW attempt. The original loan amount was $1,095. I hit collections after $200.

I just realized you said your loan was charged off. I missed that. So disregard my earlier post.

To take a stab at your original question, I'm going to guess you'll get 40ish points for going from having your worst derog being an old 120 to your only derog being a 6+ year old 30 day late.

Re: What can I expect with Nelnet aging off file?

Thomas_Thumb — Tue, 27 May 2025 16:30:08 GMT

^ Agree with the above.

A group of old 120 day lates dropping off could boost score 65-70 points if file is otherwise clean. However, the remaining old 30 day late will limit the boost by 20-25 points. Net increase guestimate 40-50 points.