Hello,
I currently have 3 outstanding defaulted Signature Loans.  Two years ago I setup a payment plan as part of an overall plan to get out of debt but was specifically necessary to acquire a job promotion.  We agreed on a very small monthly payment to meet the minimum requirements for that promotion.

I’ve been researching all accessible documents, but have been unable to find out, whether they are SECURED or UNSECURED.  Are all signature loans generally one or the other (I did not put up any collateral and there are no cosigners)?  I also have federal loans that I rehabilitated and understand that they will never fall off of my credit report without simply paying them.  If the signature loans are unsecured:

WILL UNSECURED PRIVATE SIGNATURE LOANS EVER FALL OFF OF MY CREDIT REPORT OR DO THEY FALL UNDER THE SAME RULES AS SECURED AND/OR FEDERALLY SUBSIDIZED STUDENT LOANS?

If so then perhaps that would help me to negotiate a more favorable settlement or allow them to simply fall off of my report all together.  The default status began around 2004 / 2005 so if they fall under the typical seven year rule then that would be coming up very soon.  Also, would the fact that I began paying them again affect any seven-year rules?

Thank You and I appreciate any help and guidance you may be able to provide.