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Posted in Student Loans
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NNormi

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STUDENT LOANS CRASHING CREDIT
One of my student loans was bought out by another processing company. It is/was my oldest account on my credit report. When they did this my student loan was reported as paid in full in August, but the new company did not start reporting it had the loan until October. When they reported having the loan my credit took a nose dive! by more than 30 points! I was never late or in defult with this loan infact I was paying more than needed and about to pay one of the three off by the end of the year. I have been trying to keep a good amount of revolving credit cards open and active so that my sore moves up, but I dont know if I can fix this. it has taken me years to bring it up to fair and now for it to plumet to poor because of this, is devastaing to me to say the least. Is there anything I can do to fix this or do I have to roll over and take it?

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