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Student Loan Weirdness

Posted

Specializes in Hospice / Ambulatory Clinic. Has 3 years experience.

So I pulled up my free credit report the other day and notice something weird. My student loans have been transfered back and forth to a bunch of different servicers. Now on my credit report I have like 12 loans most of them "paid off/transfered" I didn't get my credit score because the report was one of the free ones but I wonder if this hurts my score.

weird....

No. This is not going to affect your score. I've been in the mortgage industry for many years and have more practice with credit reports than the 3 bureaus! LOL. This is typical for student loans. Don't stress too much unless one of them (or all of them) are reporting late. Also, I would make sure the ones that say transferred/paid off, have a zero balance.

tothepointeLVN, LVN

Specializes in Hospice / Ambulatory Clinic. Has 3 years experience.

Thanks. Because I'll probably need to get another this year if I go back for my RN

Blove86

Specializes in None.

I dont know if this is true or not, but I was told different companies buy student loans