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Full Version: What should a defaulted school loan look like on CR
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Feech
I went to the nslds.ed.gov to look at my defaulted loans. I show that I have 5 of them. but when i look at my Experian CR it shows like enteries for USA Funds that seem to coorespond to the loans, then a bunch of Sallie Mae servicing and USA servicing entries. Can someone explain this to me? should it all be there? Can any of it be removed as duplicates?
LynnInMN
QUOTE (Feech @ Mar 17 2009, 08:25 AM) *
I went to the nslds.ed.gov to look at my defaulted loans. I show that I have 5 of them. but when i look at my Experian CR it shows like enteries for USA Funds that seem to coorespond to the loans, then a bunch of Sallie Mae servicing and USA servicing entries. Can someone explain this to me? should it all be there? Can any of it be removed as duplicates?


They sound like they are reporting correctly. Sallie Mae was your lender/servicer. They filed a default claim against you with USA Funds. USA as the guarantor is reporting they paid it and that you are in default. This is exactly how student loans work per the Higher Education Act.
Feech
Thanks Lynn you seem to be everywhere at once.. biggrin.gif
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