The loan is made for a specific term, often till the borrower's next pay day when the entire balance of the loan is due and interest. Credit Card Consolidation
As you know, the FCRA states that all credit older than 7 years should be removed.
Repair Credit
You may have to file a Motion to Strike the Plaintiff's Affidavit of Debt as being Hearsay.
Credit Card Consolidation
If they can't come up with acceptable proof, they are required to remove the account from your credit report and stop all collection attempts.