Hello everyone,
As a little background, I have 3 federal student loans, 1 opened march 2012 and 2 opened Feb 2013. I stopped paying them June 2014 and the eventually went into default. Now, I am not sure when exactly they went into default status, but per CK, the accounts were closed May 2016. Fast foward to Feb 2017 just as they were about to garnish my wages, I started the rehabiliation process, which was completeted around November 2017, I made the last two payments at the same time or something like that, I cant remember exactly. I've been paying my new loan servicer, nelnet, with no issue.
Now as in terms with the credit reporting on the old, defaulted loans which were serviced by Fedloan services, I tried disputing them a month or two after the rehabiltaiton process was completed, but the disputes were resolved and the accounts stayed on all 3 reporting agencies so I just gave on that and decided to move foward. And while all those reds were still staring me in my face, I kind of "forgot" about the closed accounts. Well today I get an email from experian saying my credit score jumped 29 points to a 734 and I at first I had no idea why. After some bewildered searching, I noticed that, in fact, those 3 Fedloan services accounts where gone. And just to make sure, I checked my previous report with experian and they were there. CK still lists the accounts on my TU and Equifax.
So for my question, while I know that negative information goes away after 7 years, I am not sure when the clock starts. Whether it's the first date i stopped paying, when the loans went into default, or when the accounts were reported closed, it hasnt been 7 years yet. Was it a fluke? Dumb luck? If anyone can give me a little more information, I would greatly appreciate it.
Thank You
