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Question By
soalgal

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My student loans were sold to a new collector. My credit score went down. Why?
All of my loans are in deferral with 0 payment due.

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If you student loans are in deferral with no payment due then the account would not be sold to a collector.   A credit collector is one who attempts to collect on unpaid accounts.  You may have to check the actual status of your student loan to ensure you correct about your status.  Otherwise, the prior owner of the student loan would reflect that your account was current and closed.  The new loan company owning the loan would report your account as a new one.   Routinely new lines of credit take a reduction based on the age of the account.  

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