sallie mae, credit reports and

Discussion in 'Credit Talk' started by mt, Jan 9, 2001.

  1. mt

    mt Guest

    Okay, so In a previous post I may have stated that I'm having an issue with Sallie Mae and the fact that the company is reporting that I have 16 student loans with them on each of my credit bureau reports, when in fact I only have 8 student loan accounts. I sent a dispute to Sallie Mae and received a couple of replies, one was like, "this information will not hurt your ability to obtain credit," whereas the other was like, "we have updated your account as you requested." I called to make sure I understood what that meant and the rep informed me that they were indeed reporting 16 opent accounts (though she claimed it as a bureau mistake) and have updated the information on my reports. This reduces my overall debt (in the eyes of the credit report) by 1/2 (almost 20,000.00). Whew! I guess I'll know for certain when my credit report comes. I'm going to order it in 60 days.

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