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Consolidated Loans and Credit Reporting
May 25, 2015
1:43 am

I just did a check of my credit report and some of my loans are listed as paid off, but all of my Sallie Mae loans are listed as “Claim Filed with the Government” and there’s a note that they’re being paid through insurance. They’re supposed to fall off my report in 2018. Is this good or bad for my credit? Is this listed correctly or should they be listed as paid since technically I took out a federal loan to pay them? Should I dispute it and ask for a correction?

May 25, 2015
9:57 pm
Forum Posts: 369
Member Since:
May 3, 2014
sp_UserOfflineSmall Offline

Amber, this is a great question.

Before I can answer I do have a couple questions, was the loan delinquent or in default at the time you consolidated your loans? Was this loan a federal direct loan serviced by Sallie Mae or was the loan actually made by Sallie Mae and guaranteed by the government? (If you are not sure, that is ok, the year and name of the loan will help)

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