topic Re: Experian issue. Is this reported correctly? in General Credit Topics

Experian issue. Is this reported correctly?

Anonymous — Sat, 07 Mar 2009 03:19:07 GMT

I have a student loan that was with Sallie Mae and has recently been transferred back to the US Department of Education. Experian shows that both Sallie Mae and the US Department of Education are reporting me as current which I guess in a way is a good thing. The more positive credit references the better right?

Here's the thing though, the balance owed is counted twice so it looks as if I owe $4,000 MORE than I actually do. Shouldn't the balance owed be only counted ONCE.

Re: Experian issue. Is this reported correctly?

Anonymous — Sat, 07 Mar 2009 03:37:35 GMT

Does Sallie Mae show transferred?

Once they transfer it to DOE, I would think they need to report $0.

Re: Experian issue. Is this reported correctly?

Anonymous — Sat, 07 Mar 2009 03:40:06 GMT

Currently both Sallie Mae and DOE are reporting the same exact thing, the balance, payment history, last payment amount every thing. It's odd.

Re: Experian issue. Is this reported correctly?

Anonymous — Sat, 07 Mar 2009 03:53:16 GMT

When last time SM updated?

Re: Experian issue. Is this reported correctly?

Anonymous — Sat, 07 Mar 2009 04:11:57 GMT

The 3rd of this month. Same time as DOE. Like I said odd. I am convinced Experian is messing with me.

Re: Experian issue. Is this reported correctly?

Anonymous — Sun, 08 Mar 2009 14:48:08 GMT

I'd suggest going online to Experian and filing a dispute for the Sallie item. I believe they have a category that fits (transferred to another lender).

I have had pretty good luck this way.