bentley (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} bentleywg) wrote,@ 2008-05-14 17:38:00 |
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Sallie Mae student loans
Do you have a Sallie Mae student loan? Check your credit score.
Some borrowers with Sallie Mae student loans may have gotten nasty surprises last week if they checked their Equifax credit scores. Their credit scores, based on their Equifax credit files, had plummeted overnight, thanks to erroneous delinquencies reported by Sallie Mae. While some of the borrowers were actually delinquent, many were current on their payments. Last Thursday, May 8, Sallie Mae made an error in the way it reported some student loans to credit reporting agencies. Essentially, it reported graduated or extended repayment plans as arrangements for partial payment, causing Equifax, one of the three national credit reporting agencies, to code the accounts as delinquent, even if they were current.
Do you have a Sallie Mae student loan? Check your credit score.
Some borrowers with Sallie Mae student loans may have gotten nasty surprises last week if they checked their Equifax credit scores. Their credit scores, based on their Equifax credit files, had plummeted overnight, thanks to erroneous delinquencies reported by Sallie Mae. While some of the borrowers were actually delinquent, many were current on their payments. Last Thursday, May 8, Sallie Mae made an error in the way it reported some student loans to credit reporting agencies. Essentially, it reported graduated or extended repayment plans as arrangements for partial payment, causing Equifax, one of the three national credit reporting agencies, to code the accounts as delinquent, even if they were current.
