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Student Loans Don't Show on a Credit Report
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Well, there goes some more rewiring in my brain. Thanks for setting me
straight.
Based on this, Id advise rogerclim to not kick up any dust and not ask
about the student loans. I see a dormant vs. extinct distinction here,
kind of like a volcano. These debts are dormant, not extinct.
>>>> John D. Faucher
>>>> Hurlbett & Faucher
On 2/12/10 11:25 AM, "clifford_bordeaux" wrote:
>
>
>
>
>
> Death, taxes, student loans.
>
> From the DOE website:
> "Section 484A(a) of the Higher Education Action provides that no statute of
> limitations bars enforcement action to collect Federal student loans,
> including collection by offset, lawsuit, or enforcement on student loan
> judgments. 20 U.S.C. 1091a(a). State law that would otherwise limit these
> actions is superseded by Federal law and cannot bar collection action."
>
> Note: Not this is not necessarily the case for private student loans. These
> loans are excepted from discharge under 523(a)(8), but it is possible that
> state statutes of limitation may prevent collection.
>
> --- In cdcbaa@yahoogroups.com , John Faucher
> wrote:
>> >
>> > No activity in more than 20 years? I have to believe that even for student
>> > loans, there is a statute of limitations on collecting the debt. Even the
>> > IRS cant collect after 10 years.
>> >
>> >
>>>>>> > >>>> John D. Faucher
>>>>>> > >>>> Hurlbett & Faucher
>
>> >
>> > On 2/12/10 6:50 AM, "Cola" wrote:
>> >
>>> > >
>>> > >
>>> > >
>>> > >
>>> > >
>>> > > I have a client who for some reason no longer has his student longer
>>> reported
>>> > > by any of the credit reporting agencies. He has not paid down the loans,
and
>>> > > there has not been any activity in twenty some odd years.
>>> > >
>>> > > Does anyone have any idea as to what might have happened here? Is it
>>> advisable
>>> > > to leave well enough alone, or in the interest of thoroughness should I
>>> start
>>> > > to kick up some dust by digging around?
>>> > >
>>> > >
>>> > >
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Re: [cdcbaa] Re: Student Loans Don't Show on a Credit Report
Well, there goes some more rewiring in my brain. Thanks for setting me straight.
Based on this, I’d advise rogerclim to not kick up any dust and not a
The post was migrated from Yahoo.
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No activity in more than 20 years? I have to believe that even for student
loans, there is a statute of limitations on collecting the debt. Even the
IRS cant collect after 10 years.
>>>> John D. Faucher
>>>> Hurlbett & Faucher
>>>> 5743 Corsa Ave., Suite 116
>>>> Westlake Village, CA 91362
>>>> (818) 889-8080
>>>> Fax: (805) 367-4154
>>>> http://www.hurlbettfaucher.com/
>>>>
>>>> 3324 State Street, Suite O
>>>> Santa Barbara, CA 93105
>>>> (805) 963-9111
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On 2/12/10 6:50 AM, "Cola" wrote:
>
>
>
>
>
> I have a client who for some reason no longer has his student longer reported
> by any of the credit reporting agencies. He has not paid down the loans, and
> there has not been any activity in twenty some odd years.
>
> Does anyone have any idea as to what might have happened here? Is it advisable
> to leave well enough alone, or in the interest of thoroughness should I start
> to kick up some dust by digging around?
>
>
>
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Re: [cdcbaa] Student Loans Don't Show on a Credit Report
No activity in more than 20 years? I have to believe that even for student loans, there is a statute of limitations on collecting the debt. Even the IRS can’t collect after 10 years.
John D. Faucher
Hurlbett & Faucher
5743 Corsa Ave., Suite 116
Westlake Village, CA 91362
(818) 889-8080
Fax: (805) 367-4154
http://www.hurlbettfaucher.com/
3324 State Street, Suite O
Santa Barbara, CA 93105
(805) 963-9111
The post was migrated from Yahoo.
I have a client who for some reason no longer has his student longer reported by any of the credit reporting agencies. He has not paid down the loans, and there has not been any activity in twenty some odd years.
Does anyone have any idea as to what might have happened here? Is it advisable to leave well enough alone, or in the interest of thoroughness should I start to kick up some dust by digging around?
The post was migrated from Yahoo.