If you are planning on transferring to a 4 year college, and you have questions about navigating your transfer options, are experiencing transfer issues, or your having problems with transferring Ivy Tech credits to Indiana colleges and universities, call 1-888-IVY-LINE or contact your local campus Transfer Advocate, Clifton Mominee (room 108 and phone: 812-492-0322).
Dear Richard, The default will stay on your credit report for six years from the default date, so it should disappear sometime during 2012. While lenders tend to concentrate on your most recent credit history when assessing new credit applications, a four-year-old default might still cause you problems.ear Richard, The default will stay on your credit report for six years from the default date, so it should disappear sometime during 2012. While lenders tend to concentrate on your most recent credit history when assessing new credit applications, a four-year-old default might still cause you problems.
Defaulting on a loan, having a car repossessed, or making a late payment all stay on your credit reports for the same amount of time when the borrower reports them. All negative marks including repo (except a bankruptcy) stays on your credit report for seven years. A bankruptcy stays on your credit file for ten years. Repossessions also have a much more severe impact on your credit score than just missing a payment or paying late. Repossessions and defaults carry severe penalties to your credit score and can reduce them by one hundred points or more in one swoop.