Lender's goof slams credit scores
A foul-up by student-loan company Sallie Mae has sent hundreds of thousands of Americans' scores plunging. Here's how to find out if you got hit -- and what to do about it if you did.
A blunder by student lender Sallie Mae has trashed the credit scores of hundreds of thousands of unwitting borrowers who signed up for the company's graduated-payment loans.
The loans allow borrowers to make smaller payments, sometimes covering only the interest owed, for a few years before increasing to full payments. But within the past week, Sallie Mae began reporting the loans to credit bureau Equifax as essentially delinquent, sending borrowers' scores plunging
http://articles.moneycentral.msn.com...ditScores.aspx
The last thing you need to worry about when you've just graduated and are trying to start your life is your loan holder messing up your credit report.
Looking for my Darcy, but finding only Wickham. Right now, I'd settle for Bingley.
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