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  1. #1

    Default Student Loan Origination for Credit Reporting

    My question involves collection proceedings in the State of: Colorado
    I have a private student loan. I signed the promissory note in 2004. However, it says on my credit report that is didn't start getting reported since 2009 and is on my report until 2015. I defaulted in 2005. Shouldn't it have gone off my credit report in 2011?

  2. #2
    Join Date
    Sep 2005
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    Default Re: Student Loan Origination for Statute of Limitations

    What happened in 2009?

  3. #3

    Default Re: Student Loan Origination for Statute of Limitations

    I'm thinking that it may have been my last contact with them.

  4. #4
    Join Date
    Sep 2010
    Posts
    19,901

    Default Re: Student Loan Origination for Statute of Limitations

    They don't report derogatory information until the account becomes delinquent. If the payments were deferred until 2009, then that is when it becomes delinquent. Until the loan is deemed uncollectable (either the SOL has run out or the lender just gives up), the account remains open and delinquent. It is only at the point when it's paid off/past SOL/charged off whatever, that the seven year clock starts ticking.

  5. #5

    Default Re: Student Loan Origination for Statute of Limitations

    that is extremely helpful! Thank you

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