I have a few lates on my small loan (about 6.7k) I'm a grad student, so it's in deferment. I make enough money where I could afford to pay off the loan pretty quickly, but between the deferment and just making payments as necessary, it seems like that would take longer than 7 years and then the trade line would show positive. If I pay it off, however, won't that change something in the way the item ages? Or would it just go to being a satisfactory account 7 years after the delinquency as long as I paid it off and paid as agreed the rest of the life of the loan?
Sorry, that sounds confusing. Maybe I shouldn't post so late. 