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Posted in Student Loans
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Question By
natdawg

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How can I dispute NelNet stud loan? Shown 2x cause of comp who bought out. 2x my loan shows!
Bought out in 05 but causing stud loans to show double on ALL cred reports!

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NelNet is a student loan servicer.  I had student loans that once showed under Dept of Ed AND Sallie Mae and that doubled my loans, also.  Some showed closed, some showed open.  Any time a loan is sold (and student loans do not disappear until paid off) it is going to show as a credit transaction on your credit report.  This is how it must be under the Fair Credit Reporting Act, which is a federal regulation.  The only way to get rid of them is to get the loans paid off.  There is no use trying to dispute these since you did have the student loans.  Sorry.

Reply by
creditthrall

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jwsister's response is inaccurate. When the loans are transferred, the original loan should show that it was paid off as transferred to another lender. If both are showing up and your credit report is reflecting double the amount you owe, you should file a dispute with the credit bureau identifying both accounts and explaining the situation. There can be a delay in closed accounts due to different lenders reporting at different times.

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