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Edward130

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Transfer by lender to a different lender?
My loan (student-plus) for my daughter was transferred by ACS from Sallie Mae to another lender. Why are my credit report adding it as a new debt? I have been paying it down for 12 years.. This lowered my FICO over 30 points and it is the same loan!!!!

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You would want to dispute directly with the credit bureaus the Sallie May account, if it was the first one as it should be reporting a zero balance and closed if the account is under new ownership and they no longer own it.

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