2007-02-19 08:13:41 · 4 answers · asked by kactis2006 1 in Business & Finance ➔ Credit
According to the Federal Student Aid website, it is typically 7 years before a defaulted student loan will disappear from your credit; however if it is a federally held loan, it can remain on your record forever for the sole purpose of disqualifying you from FHA and VA loans.
2007-02-19 08:47:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I had a defaulted student loan.
I got the loan placed into rehab,
it took about one year to get it on track and I was able to purchase my first home at the 1.5 year mark.
call the lender THEY WANT TO HELP YOU!
2007-02-19 17:48:27 · answer #2 · answered by kissmymiddlefinger 5 · 0⤊ 0⤋
10 years, unlike the usual 7 years for other forms of credit.
2007-02-19 08:20:39 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Why would you want it off? I would think you'd want it on there to show you are a responsible borrower.
2007-02-19 08:22:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋