How Does My Daughter Get Her Time-Barred Student Loan Debt Off Her Credit Report?

By on February 14, 2018

Question:

Dear Steve,

My daughter was unable to pay her private student loan and the statute of limitations will soon run out on her loan.

So after the statute of limitations runs out can she get the debt wiped off her credit rating and how does she go about doing that?

Eloise

Answer:

Dear Eloise,

She doesn’t. When a debt is outside of the Statute of Limitations it means it can be raised as a defense if she is sued over the debt.

Debts can be listed on credit reports for up to 7 years and 180 days from the time it last went delinquent. So if your state’s Statute of Limitations is shorter than seven years it will remain on the credit report.

Also keep in mind, just because a debt is past the Statute of Limitations end date it does mean she can’t be sued or have a collector attempt to get money on the debt.

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One Comment

  1. elliew123E

    February 14, 2018 at 4:09 pm

    How does my daughter get her debt erased.

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