How to Have a Student Loan Removed From a Credit Report According to State and Federal Law
Your student loans report to your credit report and affect your credit score. If your student loan is a positive account without any derogatory marks, it remains on your credit report permanently. If you have delinquencies or a defaulted student loan, the account leaves your report automatically after seven years. You can remove the student loan yourself under certain circumstances, such as inaccurate information on the student loan account or a defaulted account that has gone past the seven-year mark.
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Instructions
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Access your current credit report by using the annualcreditreport.com service. You receive a free credit report from each major credit bureau at least once per year using this service. You may receive additional free reports depending on your state laws.
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Check the student loan account for factual inaccuracy and the dates it should fall off your report. If you find any inaccuracies, such as the wrong balance, wrong charge-off date or wrong late payment listings, make a note of the exact problem.
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Write a letter to each of the three major credit reporting bureaus, detailing the inaccuracies exactly. Include the account number and name of your student loans on your credit report. Inform the bureaus that you dispute this account and want the information verified or the account removed from your credit report. If the credit reporting agencies are unable to verify the information on your report or agree that the account is too old to be reporting on your account, the student loans are removed.
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Send your letters to the TransUnion mailing address at TransUnion Consumer Solutions
P.O. Box 2000 Chester, PA 19022-2000; to Experian at P.O. Box 2002, Allen, TX 75013; and to Equifax at Equifax Information Services, LLC, P.O. Box 740256, Atlanta, GA 30374. -
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Send a written follow-up after 30 days if you have not received an investigation response from the credit reporting bureaus.
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