@Anonymous wrote:
@derboesekoenig wrote:
State subsidized loans
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2 that I paid in full this month; previously read as *120-149 days late*
It sounds like you might be under the impression that having paid off the two state loans will cause the 120 Day lates to go away. If so, this is a mistake. The two loans will be marked as paid in full but the two severe lates will not go away. They will remain there for approx 7 years after the date of delinquency.
I had a student loan that got transferred around to about 4 different companies before finally being garnished from my wages. All 5 were showing 120+ late payments for like 2 years. Hit the 7 year mark and requested they be deleted yesterday and finally got them all removed! So yeah, paying them in full doesn't make those late payments go away.
@derboesekoenig wrote:So I have to pretty much just pay em off and wait the 7 years and *hope* they will agree to delete? Ugh that is a long time
You can always call them and ask if they'll remove the late payments. I tried it with my old car loan I had about 5 years ago, but they wouldn't budge. I'm thinking about sending out some GW letters to a couple of people there, but I dont think it'll work. They said the only way to remove them is to dispute it, and they'll only remove it if it wasn't actually late (which it was). 1 flippin late payment out of the 2 years I had the loan and they won't remove it...
Once you hit the 7 year mark, they will go away, but any sooner, I'm honestly not sure. I'm still trying to learn as much as I can about this whole credit thing. I'm 30 and am barely getting a grasp on how important this all is. Wish I would've done some things differently in my 20's, but oh well. I'm educated now and am being responsible.