I have negatives on my credit report (CR) from two types of debt. Nine of the negatives are from student loans that I thought were in deferment but where not. Once I found out I made a payment to bring the loans current and now currently in deferment.
The other negative is from cancellation of credit card debt. All the student loan negatives happen in Aug 2009. The cancellation of debt is from Jan. 2010. Is there any way to remove the negatives from the CR? Or am I stuck with negatives on my CR for 7 years or more?
The good news is that once you make 12 on-time regular payments on your student loans the negative information should be removed from your credit report. You should verify this with your loan servicer.
I’m not aware of any provision that allows that to happen while a loan is deferred.
The canceled credit card debt will appear on your report for up to 7.5 years from the date it was first reported negative. Generally items like this are removed at the seven year mark.
If you’re not doing it, you should be currently focusing on rebuilding your credit to bring your score up. If you do that you can have good credit again. See this guide.
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