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If consolidated loan is paid off

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Regular Contributor

If consolidated loan is paid off

I have a question. I defaulted on my federal student loans in 2015 and since then consolidated them. They are in good standing however defaults hurt my scores and overall credit profile. Now if I pay them off will defaults be gone?
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Senior Contributor

Re: If consolidated loan is paid off


@Ericguest wrote:
I have a question. I defaulted on my federal student loans in 2015 and since then consolidated them. They are in good standing however defaults hurt my scores and overall credit profile. Now if I pay them off will defaults be gone?

No, the negative information will not be automatically deleted;  they will still need to wait out the 7 year reporting time frame.
You could try to have them deleted with goodwill letters to the servicer.  Most servicers won't entertain them, but some will.
I brought my defaulted loans current with a consolidation and my servicer did delete them, so it is possible (I haven't paid mine off, though I have paid them significantly).

Nov 2019


Garden goal: keep on keepin' on
Usually a faithful practitioner of AZE5or6or7; working on AZE1or2 and grumbling about it.
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Valued Contributor

Re: If consolidated loan is paid off

You could possibly luck out if the company you defaulted with is out of business. There's nobody to respond to a dispute.



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