01-05-2013 05:58 PM
I have been paying my direct loan for years and had it transferred to Mohelo. When I looked at my report recently I noticed it says Direct Loans is now reportint my accounts are more than 120 days late! And my score has suffered because of it. When I log into my direct loans account they say I owe nothing and they loan was transferred - which is all true. Even the report says I owe nothing but am somehow more than 120 days late paying that nothing. I am a noob, so maybe I am missing something obvious, but I don't get what is happening here. Who do I contact? What do I do? I have been paying on time for many years pulling my scores way up only to see a mistake cost me. Any help will be great appreciated. Thanks.
01-07-2013 06:11 AM
Hi diegog, I am running into the same thing with NELNET. I even contacted them and they said to contact the agency the loan was transferred to. Let me know how it turns out?
01-07-2013 12:40 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO