Collection of Old - Stats Barred - Loans - Default Osap and credit rating?

Print Page | Close Window

Default Osap and credit rating?

Printed From: CanadaStudentDebt.ca
Category: Immediate Attention and Info!
Forum Name: Collection of Old - Stats Barred - Loans
Forum Description: Post questions about old loans and Statute of Limitations Issues
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=7011
Printed Date: 27/March/2026 at 12:33am
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com

Topic: Default Osap and credit rating?

Posted By: airshow1234
Subject: Default Osap and credit rating?
Date Posted: 25/February/2015 at 8:46am

I was just wondering how long a OSAP default stays on your credit report? I defaulted back in 2008 and paid the the loan off in full in 2010. Just looking for some information since I'll been black balled from getting loan since, and would like to get a mortgage one day.
Also is it from the date you got the loan or the date you defaulted?

Thanks

Replies:

Posted By: angel44
Date Posted: 30/March/2015 at 6:33pm

Hello,

You would have been receiving negative remarks on your credit up until the time you defaulted on your loan.

The negative remarks from student loans will stay on your credit report for 7 years after you have made your final payment.

Posted By: SolveStudentDebt
Date Posted: 08/April/2015 at 7:32am

With Equifax it is 6 years from the date of last activity. Your last payment, to pay it out, would be the last activity date,

-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com

Posted By: SFA
Date Posted: 11/April/2015 at 10:38am

Consumer credit reporting of negative information(SOL) varies from province to province.

6 years = BC, Alberta, Sask, Manitoba, Que, NFLD, NS, Yukon, NW Territories, Nunavut

7 years = Ontario, PEI

Most Provinces observe 7 year reporting limitations(TU) for judgements even though they only allow 6 years for bad trades and collections. PEI 10 years for judgments

Posted By: SolveStudentDebt
Date Posted: 13/April/2015 at 8:11am

Equifax sets their own policy on this though and it is 6 years across the board. Even though Ontario Credit Reporting Law states 7 years, that is the "allowable" period. Equifax dumps after the 6-year mark.

Judgments vary but in order for the judgment to report after it's prescribed limitation period it must be renewed and then reported accordingly.

-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com