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  #1  
Old 08-25-2005, 05:42 PM
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Join Date: Aug 2005
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Red face

Disabled w/old defaulted Student loans


What is the name of your state? Arizona

I became disabled as an older student that returned to college, as a result of my disability could no longer attend, or work and defaulted on my student loans. That was approximately 11 years ago.
I am still on Soc. Dis. and live below the poverty level with no assets.
As a result of dealing with a collections agency trying to collect on a debt that is past SOL, I decided to check my credt history and was surprised to see my credit in good standing. I know that most of my negative impute has been erased because of time, but it was my understanding that defaulted Student Loans never left your credit history unless it was paid off.
Does anyone have any information about this part of Student Loan defaults?
Also, has anyone ever tried negotiating a defaulted loan on a balance this old with similar surcumstances?
  #2  
Old 08-25-2005, 05:57 PM
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Join Date: Aug 2005
Location: St. Odo of Cluny Parish
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Why are you asking all these questions?

Do you intend to pay off your student loans or not?
  #3  
Old 08-25-2005, 08:14 PM
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Join Date: Jul 2005
Location: Missouri
Posts: 3,803
If you are 100% disabled you can apply for hardship discharge of student government backed student loans

Try contacting the lender or Sallie Mae.

DC
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  #4  
Old 08-30-2005, 02:17 PM
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Being in the same circumstances myself, I was recently informed, but the Dept. Of Ed. reps, that they stay on your credit report only as long as anything else, that would be 7 and a half years from the date of default. They don't ever stop trying to collect, unless you get a disability discharge, but they can't leave them on there any longer than the term allowed by law for all debts.
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