Hey first I want to thank you guys in advanced. This site is Awesome!
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Here is my situation. When I was 18 (13yrs ago) I went to college for a while. Took out a few loans then dropped out. Being 18 and stupid, I never paid the loans. Not a dime for several years. 4 Years ago I paid off the entire student loan. I owe them nothing. My credit score jumped into the low 600s after that. Now my question is, Will the student loan ever be removed off of my credit report? Or is this something that I am going to have to wait 7 years for? It’s very upsetting because it is the only negative, well that and credit history, on my credit report. I have never missed a payment on any credit card or on my auto loan (Which I also paid off a few years back).
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My goal is to reach the 700 plateau this year. I know it will be tough but I am extremely dedicated or better yet, obessesed over my score. I would like to buy a house next year and the lenders in NY are not talking to anyone unless your score is 730 and above.
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Thanks guys!
Bronxbomber