Anyone with graduated Sallie Mae payment plans should watch their scores
There is a lot of activity on the student loan board, but I just thought I would let everyone know if they are closing on a house in the next couple of weeks and thought they had good scores that they may drop if you have any Sallie Mae student loans. If you have a graduated payment plan with them, they are reporting negative info to credit bureaus that you are making partial payments/arrangement (as if it were a collection or something). Anyways, my score alone dropped 115 in one day and I am supposed to apply for a mortgage in a couple of weeks. My mid is 720...so of course I am very upset right now. Sallie Mae states they are fixing the issue, but cannot give a timeframe. I am not sure how they can get away with this.