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
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