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defaulted student Loan on credit report

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defaulted student Loan on credit report

In June of 2012 i defaulted on my loan.  After a few monthly payments to another company I have since been paying the DOE through direct loans each month.  The company i defaulted with has reported to my credit report negatively as I expected.  My question would be can they report negatively about a debt that has been consolidated and is being reported as positive at the same time? Can this be disputed.  please help as i am trying to get approved for a home loan.  thank you

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Established Contributor

Re: defaulted student Loan on credit report

When did you consolidated the defaulted loan and how many payments have you made through consolidation?  I have a defaulted loan that I consolidated and it wasn't a issue with my underwriter.  You should be fine if you have made at least 12 months of payments.

My Wallet: Amex Express BCE $27,000, Amex Express Blue Sky $6,000, Discover $10,000, Chase Freedom $5,000, Capital One $3,750, Barclay $8,500 (AU), Jared $10,000, Pottery Barn $8,000, Sam's $10,000, Ashley's Furniture $6,000, Lowe's $7,500 (AU), Express Next $3,360, and Macy's Store Card (Joint Account) $2,000.

Last Application March 25, 2014. Score ranges 700+
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