I defaulted and rehabbed 7 student loans, which left me with a total of 114 late payments from defaulting according to FICO. The guarantor took over the loans on 01/09 so from what I understand I will be completely clean in 7 years from that date. However, since some of those lates happened as early as 2005, should I expect those lates to start dropping in 2012 and bring down the count on my 114 lates, then the rest of the lates to follow month-by-month as they each hit their 7-year anniversary? Or am I stuck with the entire negative tradeline as is until 2016? I’ve attached a pic to make things easier. Thanks! 
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Hi All,
Today received a letter from Chase Bank USA stating the following:
“Since the account noted above is no longer in our system, we have requested that Equifax, Experian (TRW), and Trans Union credit bureaus remove the account information from your credit bureau report.”
Awesome! This was in response to remove a 30-day late from 05/2005. Though a tiny victory which may not better my score, it does feel good to have someone say YES! Besides, it’ll make things look better to have even 1 less late out of my total of 20+.
On to the next creditor. Just wanted to share!
CE
Uggh…
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So last month, my Chase CC was 150 days late.
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Last week, I mailed a PFD to Chase, and a DV to the CA that has been bugging me on their behalf.
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Well today, I couldn’t login to my Chase account online. I call chase, and my account has been charged off! No updates to the CRA’s yet, though. Chase reports at the end of the month, I think.
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What do I do? Just wait it out a few weeks? I mentioned in an earlier post that, by the end of the month, I’ll have the funds to PIF – my PFD offer was full balance.
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So annoyed – here I am, trying to make things better, and they get worse!