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Posted in Student Loans
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catfishkerry

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question asked by catfishkerry
I am a Co Signer of my Sons Student Loans. My question is I read where they were closed as Derogatory, and at the bottom says account closed due to Transfer. What is meant by closed due to Transfer.

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Top Contributor
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In general it means the loan

was Transfered to another Servicer for collection.  The derogitory notation generally means that the account payments were late at some point. 

Hope that helps.

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