PLEASE HELP Sold Loan to Sallie Mae & Still Reporting?

[Anonymous]

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.

[Jazzzy]

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.

[Anonymous]

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

[Anonymous]

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!! 

[Anonymous]

Thanks newstart.