Question

[Anonymous]

Does the DOFD mean anything when still paying on a loan?  I have a student loan that I have been paying on (sometimes not paying when I was young and dumb about credit).  I was 30 days late on the very first payment in 1998.  Can I have this removed even though I still have about $1000 left to pay on it?  Does it stay on my report until I PIF?  If I paid it off tomorrow, could I dispute and have it removed right away?

Thank you in advance for any help anyone can provide.

[Junejer]

No. The DOFD only comes into play if you never bring it back current. Because you have been making payments, there should not be a DOFD.

Besides, that first payment is more than seven years old, so it's not counting against you any longer. The age of the TL is helping you at this point. Are there any other lates on this TL? If so, how late and when?

[Anonymous]

Unfortunately I had up to 120 days late in 2006.  I started a new job at the end of 2006 and have been having payments automatically deducted from my bank every month since then.  It shows up as a red flag when I pull my scores from MyFico.  I have one late payment since I started that job - March 2007, but according to the score reports, all of these past lates are hurting my score. 

Thanks for the reply.

[Anonymous]

Also, the credit reporting time period for student loans are different than the standard CRTP.