Defaulted on federal educational loan 6 yrs ago, but was successfully “rehabilitated”. How bad is it?
I defaulted on my federal student loan. I went through the default rehabilitation program to bring it out of default. Made the payments and completed the program. Does this affect my chances of getting an FHA mortgage? The account has been in good standing since the rehabilitation.
If it was 6 years ago and since then the account is in good standing then it should not have such a big impact on your credit report anymore.
These “things” lose impact the older they get.
