Sallie Mae is killing me! HELP!

[Dianamarie1013]

So I rehabed my SAllie Mae loans about 2 years ago and have been in perfect repayment since. When I pulled our credit report I have Sallie Mae reporting each account TWICE! Once with no negative factors, then once again with all my past negative payments. THEN I have the services like AES and Suntrust who actually servicing the loan on my credit with perfect payment and no negative. That means for one loan I have 3 hits on my account.

So I have an overall of 18 accounts on my credit. 12 of them from Sallie Mae, which report the same loan positive, and negative. And the other 6 to the company I'm actually paying. How is this okay? I've called and spoken to Sallie Mae several times, and it always ends up in a headache. I've disputed to no avail. I just don't know what to do anymore.  The ones with the negative accounts have a last date of 2009 and even 2012. Which means I have to wait 10 more years for some of them to fall off? There's gotta be something I can do.

[SCF]

That reporting could very well be correct.  When you complete rehab, the loans are sold back to a servicer like Sallie Mae, AES or Suntrust and the servicer is required to open a new, positive tradeline for the loan dating back to the original disbursement date.  The original tradeline that default can remain on your reports, but any comments about the default should be removed.  When positive student loans are transferred, a similar process happens where a new tradeline is opened for the new servicer.

What are the balances and status/comments on each of the tradelines?  If Sallie Mae no longer holds your loans, their tradelines should be reporting closed/transfered/paid with a $0 balance.

Negative information remains on your credit report for about 7 years from the date of first delinquincy, which is when the account fell behind and was never brought current again.  So your negative information that led up to your default will come off about 7 years after the first time you went late and never caught up.  The positive tradelines are just that, a positive, and its very normal to have multiple tradelines for transferred student loans, so you don't have to worry about those having a negative impact on your score.

[Anonymous]

I have 52 late payments reported by Sallie Mae.. they seperated my 4 loans and reported them deliquent individually although payments are applied to the total balance. My expected monthly payment was $800 - I was only making about that much per month working and they absolutely would not work with me so I stopped paying them entirely. I was 5 days away from defaulting when they offered me the rate-reduction payment plan. My monthly payment is 10 times what I pay per month on my income-based Federal loans but I've been able to keep current with them for 2 years now. They keep jacking up the payment each year even though I'm not making any more money. It's absolutely horrifying dealing with their representatives - if you can even get through to a live person. I had to file a report with the CFPB last year because they screwed up my payments so badly, caused my account to go delinquent and then tried to kick me out of the rate-reduction option due to lack of payment because of THEIR error.