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Credit and Student Loans

Started by dee, February 17, 2016, 05:13:02 pm

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How can you erase defaulted loans on your credit report once you go into forbearance? Is there a limit to how long negative student loan marks are on your credit report ?


No, the late payments and default will stay on your report and negatively impact your credit score for at least 7 years (similar to bankruptcy). Going into forbearance doesn't change anything.

The best course of action is to get back on a repayment plan you can afford and start making payments.


I got a "tip" from Credit Karma saying I could ask Fedloan to consider removing negative marks from my credit since my accounts are in good standing now. I called them and they told me that I could submit a request for that to be considered. Technically its considered "contesting" the derogatory marks. I told them I didn't necessarily want to contest them but I did want them to consider removal because I enrolled in auto-pay and have been paying since. They said it would still be the same kind of form and I could just clarify that i was requesting a "courtesy" rather than contesting the validity of the derogatory marks. I submitted the request and I'm waiting for a response.