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| *Loan,banking and credit>>>debt loan |
If most debts are gone off your credit after 7 years,why is my hubby's school loan not gone?Its been l5 years? |
If most debts are gone off your credit after 7 years,why is my hubby's school loan not gone?Its been l5 years? Debts don't just fall off of a credit report. Is it a federal school loan or private loan company? Makes a difference. Your husband has to call each of the three credit companies and report the situation, who then investigate and make a determination. Did your husband pay his debt? If not, then it may show on his report for a long time. Companies pull their data files and submit them to the credit companies who then match files up using ss numbers, address matches, etc. If the company who is reporting the data still has your husband on their files, it will continually show up in his report. Once the problem is reported, the credit companies will contact the reporting company for conformation. Must go to all three companies because they do not share information with each other but they do sell and share with smaller credit companies. Mess ups in the big three reports could cause damage in hundreds of smaller reports. Your furniture debt could have been sold or passed on to another company so it may still be out there. Call and get a copy of you and your husband's credit reports and start going through it item by item. Credit reporting is really a scam that makes these companies a lot of money. Tell your husband to pay his damn loans. Not sure about the furniture company though. Student loans are treated much different than consumer debt.... First of all, they will always be there. Any federal refunds you may be entitled to will be applied to outstanding debt. You will pay this, I promise. Better to do it now, than try and skirt your responsibilities. Banker Umm...I think you've been misled. And your husband's school loan is a federal loan...that just doesn't disappear. What about home loans? Do you think those should just disappear after 7 years as well? Pay your bills damn it. Be a productive member of society like the rest of us. Quit trying to cheat the system. IRS debt and SCHOOL loans NEVER go off your record otherwise EVERYBODY WOULD just get a Harvard education and then JUST FILE BANKRUPTCY ! ! ! |
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