See Demo
Free Trial
See Demo
Free Trial

Remove STUDENT LOANS from Credit Reports in 2023!

By: Daniel Rosen Last updated: February 14, 2023

Since everyone in Washington is fighting over Student Loan Forgiveness, I'm gonna teach you the secrets to removing them from your Credit Report!

For most Americans, Student Loans are a necessary step to getting a good education and building a dream life. But, when payments are missed, and Student Loans go into default, they can become a credit nightmare!

The good news is that there are several proven ways to remove them from Credit Reports, and I'm gonna explain them right now!


Everyone who does Credit Repair knows that Student Loans have been a huge problem long before politicians started talking about "Forgiveness." 

Student Loans are now one of the largest sources of consumer debt in the U.S., and they impact more than just the primary borrower. If the loan has a co-signer, their credit is affected the same way as the primary borrower – and in 2020, 92% of undergrad private Student Loans had a cosigner. 

Forty-five million Americans - nearly one out of five adults - have Student Loan Debt. 

Individual borrowers owe an average of about $39,000, and collectively, they owe $1.76 Trillion in Federal and Private Student Loans.

Student Loan Forgiveness is a hot-button issue because the Supreme Court is currently deciding whether or not to pass the Biden Administration's Forgiveness plan. 

If it passes, the plan will wipe out up to $20,000 of Student Debt for the 26 million borrowers already approved for debt cancelation – and it will erase the entire student loan debt balance for 18 million Americans.

But if the plan fails, the U.S. Department of Education Undersecretary James Kvaal warned there could be a "historically large increase in the amount of Federal Student Loan delinquency and defaults..."

Roughly 10% of Americans have already defaulted on a Student Loan, and 5% of all Student Loan Debt is currently in default.  

So buckle up, Credit Heroes. Whether this Student Loan Forgiveness plan passes or fails, millions of Credit Reports are about to change.


Student Loans affect your credit the same way other installment loans do. If you pay them back as agreed, it's great for your credit. But if you make late payments – or go into default and collections – it can seriously damage your credit and hurt your long-term financial health. 

Student Loans live on Credit Reports for up to seven years, and they impact your Credit, whether you're the original borrower or the cosigner. 

The good news is that there are ways to remove Student Loans from Credit Reports, and they're not as difficult as you might think. 

The first step is to understand that there are two types of Student Loans: Federal and Private, and they report to the Credit Bureaus differently. 

Federal Student Loans make up 92% of all Student Loan Debt, and they're easier to remove because the government subsidizes them. Federal Loans will report late payments to the Credit Bureaus after 90 days, and after 270 days, they will report the loan as defaulted. 

Private Student Loans make up only 8% of all Student Loan Debt, and they're more difficult to remove from Credit Reports because they're not backed by the government, and they are riskier for lenders. Private Loans typically report late payments to the Bureaus after 30 days, and after 90 days, they will report the loan as defaulted.

Either way, these Student Loans will be listed on Credit Reports as delinquent until all the past-due payments are repaid.

At this stage, disputing with the bureaus or the furnishers is an option, but if the accounts are delinquent and still reporting late payments, deleting the accounts from the report will usually only be a temporary fix.


It's temporary because the furnisher will usually re-report the past due Loan again and again. So a bandaid won't fix this. You need a long-term solution.

Most lenders have programs specifically for people who can't pay now but intend to pay in the future – once they find a job or get through some personal hardship. Sometimes this is the most viable option. 

Federal Student Loan lenders have different repayment plans that allow people to pay less than required based on their income. This is a great option because lenders often re-age the accounts after a few on-time payments. And occasionally, they'll even remove the late notations! 

Also, some Federal Loan lenders offer forgiveness programs where you no longer owe the debt. So, check if you qualify! 

Federal Loan Lenders may also offer a Deferment, where payments are put on hold for months or even years. An example of a pause is the relief policy that stopped Federal Loan payments during the Pandemic…which is also scheduled to end after the Supreme Court makes its decision.

Private Student Loan lenders don't have forgiveness options, but they usually have refinancing and consolidation plans available to you. 

If you or anyone you know is struggling with Student Loan Debt, the best thing you can do is help them get their accounts under control first, then move forward with a dispute strategy.   


The secret to disputing a Student Loan is NOT disputing it right away! 

Bruce Politano, the guru of Student Loan disputing, and one of our Millionaires Club Members, recently shared his proven dispute strategy with me. Bruce has helped thousands of clients with their student loans. He even teaches other businesses how to help their clients with student loans. 

Because Private Loans are much less common than Federal Loans and circumstances vary greatly when negotiating with private lenders, the following tactics focus on removing Federal Loans.

STEP 1: Consolidate!

Federal Student Loan Consolidation means you have the Department of Education combine multiple old Federal Loans into one new Federal Loan. 

When Federal Loans are consolidated, you basically create a new loan to pay off the ones. The old loans are then reported to the Credit Bureaus as "paid in full" and "closed." And when they're reported, they don't say they were paid in full through consolidation. They're reported exactly like it would if you mailed them a check and paid them in full.

You can find more info on Federal Loan consolidation at StudentAid.Gov.

STEP 2: Dispute!

Once the new consolidated loan is reporting, and the old problem loans are listed as "paid" and "closed," it's time to Dispute them!

As always, start by Disputing any incorrect information on the credit report. Student Loans are a common place to find errors. Closed accounts are often listed as open, Loans can be wrongfully listed under your name, and the same Loan can be listed multiple times. So be extra thorough!

Beyond that, the tactic that's provided most effective for Bruce is to dispute directly with the furnisher. This strategy often gets results because it uses Section 312 of the Fair and Accurate Credit Transaction Act, which states you have the right to dispute directly with the original creditor. 

Here you would send a Debt Validation Letter to the original creditor and demand the promissory note. And you can download that letter for FREE at

A promissory note is the "instrument of indebtedness." So demanding the promissory note is a demand to see proof that you owe the debt, including the agreed-upon terms between the two parties, such as the maturity date, principal, interest, and issuer's signature. If they can't provide it, and they often can't, demand a deletion!

This two-step Consolidation and Dispute process works because Student Loans are hard to get rid of unless the borrower becomes current. That's why it's critical to get the loans under control first. Then you have a good shot at permanently removing the negative history. 


Removing Student Loans can be difficult, but it's not impossible. All it takes to succeed is the right process and the right tools.

I'll end by saying…

If you don't already have a Credit Repair Cloud account, check it out. It's the software that most Credit Repair businesses in America run on. Just sign up for a 30-Day Free Trial at

And if you'd like to change lives and grow your own credit repair business, check out our Credit Hero Challenge!


It's an amazing program, and we've got another challenge starting in a few days, so grab your spot right now at!

So take care, Credit Hero!

Keep Changing Lives!

Be sure to subscribe on your favorite platform below!

badge_youtube watch-01 badge_apple (1)-1 badge_spotify (1)-1 badge_google_podcast (1)-1

Topics: Podcast


Hey, Credit Heroes. Charge-offs are one of the most unpredictable and damaging items that appear on a credit report. So today I am gonna share three fast removal methods and give you the best tools to get the job done. So you better stick around.


So the big question is this, how can we take our passion for helping people with their credit and turn it into a successful business without taking loans, without spending a fortune by bootstrapping it from nothing so we can help the most people and still become highly profitable? That is the question, and this podcast will give you the answer. My name is Daniel Rosen, and welcome to Credit Repair Business Secrets.


Okay, if this is your first time listening to my podcast every week, I give credit repair tips and advice on bootstrapping your business from nothing. So be sure to click subscribe now and get ready to start changing lives. Okay, let's get into this. Charge-offs are one of the most unpredictable and harmful items that appear on a credit report. They damage your relationship with lenders. They make it difficult to get approved for lines of credit. And the impact of a charge-off depends entirely on your overall credit history, your payment history, and additional personal factors. So there isn't just one foolproof process to remove them, but there are three methods that do work consistently, and all they require are patience, persistence, pressure, and the right dispute letters to get the job done. Here's how this relates to us. For anyone new to credit repair, a charge-off is a financial term used to describe a debt that a lender has given up trying to collect.


Charge-offs typically happen when a borrower fails to make payments for an extended period of time between 120 and 180 days. But charge-offs also happen even if payments were being made, for example, if the payment just didn't meet the monthly minimum and the account became delinquent, or if the borrower files for bankruptcy. Charge-offs are long-term problems. They live on credit reports for seven years from the date of the first missed or late payment on the account. Their impact varies wildly depending on the circumstance, but just one charge-off can drop a score anywhere from 50 to 150 points, making them one of the most unpredictable and dangerous items in all of credit repair. Considering the charge-offs give your payment history a black eye, hurt your credit utilization and force you to deal with debt collectors, credit heroes need to treat their removal as one of the most important things to focus on.


Here's the thing to remember. When a charge-off happens, the lender writes off the debt as a loss on their financial statements. Sometimes they attempt to collect the debt themselves, but usually, they sell it to third-party debt collectors for pennies on the dollar, or they lease that debt to a debt collection firm. But no matter who owns the debt, you still have the obligation to repay it even if the original creditor is no longer involved. You owe whoever acquired that debt even if you remove it from your credit report. So it's important to remember that technically you still owe that debt and they can sue you for it. Now, if you pay off the debt tied to the account before the seven-year clock is up, it's gonna show as a paid charge-off on your credit report. Paying off the account might help to improve your scores, or it might make lenders more likely to approve you for credit in the future, but that's not guaranteed.


From a credit scoring perspective, what matters most is how recently the charge-off happened, and if it was recent. Removing that charge-off from your credit report is a high priority no matter what the repayment status is. Here's why this is important. Your creditor is paying taxes on the debt that you owe. Your debt is an asset to their company, so when you don't pay, they lose money, and when they're forced to hang onto the debt, they lose even more money. This is why in many cases, creditors are willing to negotiate a settlement on a charge-off debt because it's in their best interest to receive some payment rather than none at all. Here's what you need to know. It's best to avoid charge-offs whenever possible, but if you're stuck with them, here are three removal methods that work and all it takes is patience, persistence, pressure, and the right dispute letters to get the job done.


The first method sends standard dispute letters directly to the credit bureaus requesting verification of the debt and the removal of any unverified items or factual errors from the credit report. We call these first letters round one. Regardless of the type of account, the bureaus are required to contact the furniture that reported your information and verify the debt. After contacting the furniture, they only have 30 days to respond. If they don't respond in time, the items you disputed are deleted automatically, boom, boom. The second method, challenge the charge off with the original creditor using section 312 of the Fair and Accurate Credit Transaction Act or send a validation letter to the debt collector directly requesting that they prove that the debt is accurate. If the bureaus or debt collectors do not respond appropriately, or if they respond with a stalling letter, you may need to request a reinvestigation demand to know their method of verification or send them a warning letter if necessary.


If you don't have the round one validation reinvestigation method of verification and warning letters that I'm talking about, you can download them all for free at I'll also put the link over there in the show notes. Now, this process does take time, but if you've done all this and you still don't have the result that you want, you may wanna file a complaint with the C F P B, the FTC, or your State Attorney General, or consider bringing in an F C R A attorney to advise you further. Now, if the debt is verified and validated, you're really left with only one option. The third method offers the lender or debt collector a pay per delete negotiate to have the charge-off removed from your credit report. In exchange for paying off the debt, you can try to offer partial settlement in return for the deletion of the account, but most debt collectors will want the full payment.


This method tends to be successful because it's a win-win situation for you and the creditor. Your debt is paid and the charge-off is deleted. Just make sure you get proof of the agreement in writing before moving forward. Here's my final point. Charge-offs are unpredictable, damaging, and a pain to remove from credit reports, but don't let that discourage you. Patience, persistence, pressure, and the right dispute letters will get the job done. And just a reminder, this podcast is brought to you by Credit Hero Score. Credit Hero Score is the only credit monitoring service that integrates directly with Credit Repair Cloud. Get instant access to your credit reports and scores by signing up for a seven-day trial for only $1. Sign up right now at 

And now, for my favorite part of the episode, every week I feature one of our credit heroes inside our credit Repair cloud Facebook community so that you can see firsthand what real people are doing as they run and grow their businesses.


And today's spotlight is on Mera Sotello. Mera posted a Yahoo article, and I had to do a double take when I realized she posted an article about herself, the headline read, Mera Sotello, founder of Unique's Financial Freedom, is Rebuilding Lives through the Power of Personal Credit Repair. It's a fantastic article and everyone should read it. Merriville added a comment to her post reminding all of us, anything we put our minds to is possible. Let's not stop at one happy client. Let's make it a legend. Let's make it a lifestyle. Amazing work. Me, I'm so glad that you're thriving and changing lives through credit repair, and I can't wait to read more articles about you. And I'll end by saying, if you don't already have a Credit Repair Cloud account, check it out. It's the software that most credit repair businesses in America run on. Just sign up for a 30-day free trial at 


And if you'd like to change lives and grow your own credit repair business, check out our Credit Hero Challenge. It's a live experience that has helped tons of credit heroes to get certified in disputing and to gain confidence as they run their credit repair business on a solid foundation so they can change a lot of lives and make a great living in the process. We're starting the next challenge very soon. So you want to join before the doors close, or you're gonna have a long wait until the next one. So sign up right now at If you're finding value in the things that I share on this podcast, click below to subscribe and follow. Also, gimme a five-star review, gimme a thumbs up or share the show and help me to change more lives. If you'd like to read the show notes, they're posted on my blog. If you have a question or a comment, drop it down below because I read each and every one of them. I would love to hear from you and I'll respond as soon as I can. If you wanna learn more about removing collections from credit reports, check out my episode. Proven Tactics for Deleting Collections. So take care of Credit Hero and keep changing lives.


Hey everybody, it's Daniel again, and really quick, I'd like to invite you to join what I believe is the best thing we have ever created inside the Credit Repair Cloud community. And it is a challenge that we call the Credit Hero Challenge. If you're just planning out your business or you're just getting it started and you dream of having a successful business of your own so you can quit your nine-to-five and fire your boss and have financial freedom or so, you can add another revenue stream to your existing business. If that's your dream, you need to get into this challenge. We created this challenge to help you to create and launch your very own credit repair business to build a proper foundation for a really successful business. This challenge is going to help you to understand the strategy, the tactics, and all the things you need to be successful at credit repair. It really is the greatest thing we have ever built, and it will change your life. So I recommend you do it right now. Stop everything, pause this audio, go online and go to That's and join the next challenge. And there's a challenge that's starting in just a few days. So go get started right now at

New call-to-action
New call-to-action

Be the first to know! Get instant notifications for new articles.