Hello, I started college in the fall of 2005, during this time my mother took out two loans through the Sallie Mae corporation. These are parent loans and I was not listed as either the borrower or co-borrower. Unfortunately these loans went unpaid for a short time and are showing as a negative in my credit report. I'm under the assumption that since I am not listed as the borrower or co-borrower that this should in no way count against me. Am I right to assume this? If so, what can I do to get these loans removed from my credit? Thanks and any reply is appreciated. -Mariachi
Write a letter DIRECTLY to all 3 credit bureaus asking for a copy of your credit report (looks like you did that). Write a letter asking for proof that the listed creditor is yours. They have 30 days (I believe) to show proof. Make sure the letter is send CERTIFIED (I sent mine return receipt also). Make sure your letter is worded clearly and use nice language You can get their addresses and phone numbers at their websites. TransUnion.com Experian.com Equifax.com P.S. They will charge you if you want your FICO score. Clearing up a disputed charge MAY take some time. Just have patience and keep ontop of it. Good Luck
Trans Union P O Box 2000 Chester, PA 19022-2000 Experian P O Box 9556 Allen, TX 75013 Equifax P O Box 740256 Atlanta, GA 30374 They do not have to provide you proof as The Jackal states. They merely have to verify with the creditor. You may want to write to Sallie Mae, and ask for proof of your liability of the loan.
For what it's worth, I've always used the CRAs' online dispute methods. No problems whatsoever. I suggest trying them first, as you'll save the $15-something it will cost to send three certified letters.
