topic Re: How do you recommend getting this off my credit? in Rebuilding Your Credit

How do you recommend getting this off my credit?

CostantinoA — Tue, 12 Sep 2017 11:42:31 GMT

Hello, does anyone have any recommendations how to get this off my credit?

Address:
61 FORSYTH ST SW STE 19T40
ATLANTA, GA 30303
(404) 974-9490

Account Number:
871....

Status:
Paid, Closed.

Date Opened:
08/2010

Date of Status:
06/2013

Reported Since:
06/2013

Last Reported Date:
06/2013

Type:
Education

Terms:
36 Months

Monthly Payment:
$0

Responsibility:
Individual

Credit Limit:
$400

High Balance:
N/A

Recent Balance:
N/A

Recent Payment:
N/A

Comment:
Student loan permanently assigned to government.

Re: How do you recommend getting this off my credit?

Anonymous — Tue, 12 Sep 2017 11:45:58 GMT

Just a heads up I would take down your address and phone number.

Re: How do you recommend getting this off my credit?

CostantinoA — Tue, 12 Sep 2017 12:02:14 GMT

@Anonymous wrote:
Just a heads up I would take down your address and phone number.

That is the address and phone number of the creditor not me!

Re: How do you recommend getting this off my credit?

RobertEG — Wed, 13 Sep 2017 00:04:40 GMT

Once you have paid a government student loan, it becomes subject to the normal credit report exclusion provisions for derogs reported under the acount, such as exclusion of monthly delinquencies no later than 7 years from their dates of occurence, and exclusion of any reported charge-off or collection no later than 7 years plus 180 days from the DOFD.

You can, if you seek removal prior to the FCRA exclusion dates, request the credtior report deletion of the derogs or of the account to the CRAs.

However, the mandatory reporting requirments imposed under the Higher Education Act for government student loans will normally be basis for denail of most creditors of their voluntary reporting of deletions. You will likely need to wait for expiration of the normal credit report exclusion provisions under FCRA 605(a).

Send the creditor a request for their voluntary good-will deletion, but expect denial if the derogs were reported on a government student loan.