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queenhaynie

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when are closed or deferred accounts removed

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7 or 7.5 from what

this is what i dont understand. 7 years after what? the account was closed? the date of the first negative status before it was brought current again? (what does that even mean?) what if the account went negative 90 days..went back current..then went negative 180 days then went current for half a year then the account gets closed? not really any information explaining where the 7 years starts..and how come they say its 7 and a half years but everyone says 7? thats a big difference.

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Depends on account

Closed accounts usually drop after 7 years.  Deferred means the payment are put off for a while, then will be due.  If you are talking about student loans, count on having to pay them, since they remain due and payable until paid in full, no matter how long it takes.

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