Trade school are infamous for closing up shop and your records disappear FOREVER. However, assuming nothing disappears, records are normally only kept for between 5-7 years, depending on their record retention policy. The ONLY way they will have your documents longer is if the loan is 100% through the trade school....as in your payments are made DIRECTLY to the school.
Tuesday, September 13, 2011
Do trade schools that went out of buisiness or changed names keep copies of everything from when you signed up?
If there is something fishy and you want to check your whole file, but it was about 8 - 10 years ago, is it likely that a trade school still has anything from that long ago ? How long do they keep them ?The school also went out of buisienss under their old name about 3 times and changed names about 3 times since then, opening with a new name each time.Do trade schools that went out of buisiness or changed names keep copies of everything from when you signed up?
Trade school are infamous for closing up shop and your records disappear FOREVER. However, assuming nothing disappears, records are normally only kept for between 5-7 years, depending on their record retention policy. The ONLY way they will have your documents longer is if the loan is 100% through the trade school....as in your payments are made DIRECTLY to the school.share some encouraging words any advice appreciated
Trade school are infamous for closing up shop and your records disappear FOREVER. However, assuming nothing disappears, records are normally only kept for between 5-7 years, depending on their record retention policy. The ONLY way they will have your documents longer is if the loan is 100% through the trade school....as in your payments are made DIRECTLY to the school.
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