Do you have past derogatory student loans, weighing your credit down with low scores? Unfortunately there’s no quick easy solution to remedy this situation, and 
they can be some of the hardest accounts to remove. If your loan was through federal student loans, derogatory information can even report indefinitely! This means the accounts do not fall off like most credit accounts, and often remain for more than 7-10 years! These loans can really damage a credit score, and will continue to report as a “late payment” until a positive turn-around is established.
If you have late payments reporting on your credit score from student loans, you are NOT alone.. but you may want to listen up! There is an unspoken program called the “Forgiveness Program” that may be worth asking about…
-Call your lender and set up a payment plan; we’re not talking about the pesky “junk debt collectors”, but the original lender of the student loan.
– Ask about the Forgiveness Program, this allows the debtor to turn around their entire negative history with the account by making 12 positive timely payments. This means that the account can turn around 100% to a positive account.
Questions, comments, concerns? Feel free to contact Cobalt Credit Services at
1(800)216-2725