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Selling student loans? Sallie Mae help

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lionsfan20
Regular Contributor

Selling student loans? Sallie Mae help

A week ago I noticed I recieved a huge score drop and my aaoa went down and didnt get why. Today I realized that all my 10 loans were closed and since sallie mae owns them , they were all consolidated into one?

 

My question is , since I know companies can constantly sell loans , could they realistically keep doing this and then my score could go way down by opening up new accounts if it kept on being sold to new companies.

 

Thanks

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1 REPLY 1
bahbahd
Established Contributor

Re: Selling student loans? Sallie Mae help

They can't consolidate them for you without your approval. They could be reporting all loans summed together as one account tradeline. You can try to have each loan reported separately. So, you should not have a recent loan "opened" date for this/these account(s). All new loan accounts would have an opened date of the original disbursement and should not affect AAoA.

Message 2 of 2
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