My credit report reflects 3 defaulted student loans thru Citibank. I have read that accounts not paid as agreed would be shown for 7 years. Does this apply to student loans taken thru Citibank ? 7 years from what time - date opened , date of last activity , or date reported ? The report also shows collection account thru NY Higher ED - thus my debt is being reported on 4 lines - 1 thru NYHES & 3 from Citibank - is this correct & legal to have the debt recorded twice - thru bank & now now thru collection agency. Can I dispute the 3 from Citibank as double listing ? account closed ? Please help regarding the double listing & SOL for student loans. I need to know when the SOL clock starts. The 1st I5 on the citibank loans is 09/95. Thanks
If you have never defaulted before. Call the US dept of Ed and ask about loan rehabilitation. This would be your best bet. Student loans will follow you forever. I have a friend who had perkins loans go into default. The companies that collect for these have been pretty good about negotiating for good credit marks. There is no SOL that I know of in regards to goeverment owed debts....
