topic Re: Need help with30 year old Student Loan in Student Loans

Need help with30 year old Student Loan

Covenant — Mon, 05 Oct 2015 01:11:09 GMT

i have Fedloan Services reporting on my credit report. It shows a 0 balance and loan assigned to federal government. It shows $5000 amount of loan but 0 balance. Can I dispute to have this verified and removed?

Re: Need help with30 year old Student Loan

SCF — Tue, 06 Oct 2015 01:16:12 GMT

Do you still owe this money? A federal student loan has no statute of limitations, which means that the collection account for the loan can re-appear on your report even after many years. The original account - the one that you defaulted on, should come off your report about 7 to 7.5 years after the DOFD, which is the first day your account went late and was never brought current again. If that original tradeline is too old, you can dispute it, but that will not stop this debt from potentially coming back on your report, or being collected on.

Re: Need help with30 year old Student Loan

Covenant — Wed, 07 Oct 2015 09:36:04 GMT

I still owe the debt of $1900. But Fedloans Servvices has never contacted me or sent me a bill or anything. I disputed it with 3 credit bureau but no response or movement from certified letters sent

Re: Need help with30 year old Student Loan

Sbrooks1 — Fri, 09 Oct 2015 23:53:07 GMT

Go to Myedebt and NSLDS , these are DOE sites with all federal loans

Re: Need help with30 year old Student Loan

Covenant — Mon, 12 Oct 2015 10:25:27 GMT

I spoke with the agency that is collecting my loan and set up and sent them a 3 month payoff plan. They have not reported to my credit report. Now I am trying to get this Fedloan Services off of my credit report. When I spoke to a representative from Fedloan he said they don't hold my student loan.