topic Re: PLEASE HELP Sold Loan to Sallie Mae & Still Reporting? in General Credit Topics

PLEASE HELP Sold Loan to Sallie Mae & Still Reporting?

Anonymous — Sun, 17 Jan 2010 15:46:17 GMT

Hello All,

My TU reports shows a South West Student Services tradeline as thus:

SW Student Services Corp
Balance: $0
Date Verified: 09/2005
High Balance: $3,769
Collateral: PFrom S
Past Due: $0
Terms: $75 for 84 months

Pay Status: Paid or Paying as Agreed
Account Type: Installment Account
Responsibility: Individual Account
Date Opened: 01/2002
Date Closed: 09/2005

Loan Type: Student Loan
Remark: Transferred to another lender >Maximum delinquency of 120+ days in 08/2004<

How can this still report if they sold the loan to Sallie Mae who is also reporting on TU?

Do I dispute with TU? Contact SW Student Services? I have been searching the forums for "two OCs" and "same debt reporting twice" but not found a suitable answer to my situation.

Thanks in advance for any help.

Re: PLEASE HELP Sold Loan to Sallie Mae & Still Reporting?

Jazzzy — Sun, 17 Jan 2010 16:34:08 GMT

Hi LadyBlueQ...I don't think this is an error in reporting. The loan does show zero balance, and it shows that it was transferred.

I have all sorts of grad school loans. I don't graduate until May, so I haven't started paying on any of them yet. They transfer around a lot. The old ones show, and the new ones show. I expect that the number of tradelines will grow as I consolidate, etc.

Re: PLEASE HELP Sold Loan to Sallie Mae & Still Reporting?

Anonymous — Thu, 21 Jan 2010 22:20:37 GMT

THANK YOU! I was wondering ... not sure what I can do about this. Maybe a GW to the original loan holder?

Re: PLEASE HELP Sold Loan to Sallie Mae & Still Reporting?

Anonymous — Thu, 21 Jan 2010 22:37:09 GMT

A GW is all you can do since it was transfered and they no longer own it. Good luck, student loans can be hard to deal with!!

Re: PLEASE HELP Sold Loan to Sallie Mae & Still Reporting?

Anonymous — Tue, 26 Jan 2010 00:25:13 GMT

Thanks newstart.