Tag Archives: credit scores

Sallie Mae’s latest foul-up

Jeremy Simon

Student loan giant Sallie Mae appears to have spoken too soon when it said a credit reporting issue that impacted about 1 million student loan borrowers had been resolved. Yes, they fixed the problem that made it look like students were deadbeats. But some borrowers are now reporting that in doing so, it replaced one problem with another, making it look like borrowers have twice as much debt.
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Sallie Mae fixes FICO score issue

Jeremy Simon

Sallie Mae last night resolved a coding error that caused around 1 million student loan borrowers to find that their FICO scores had suddenly plunged over one hundred points.
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In credit score calculation, loan type matters

Jeremy Simon

I was aware that your credit score can vary based on which of the three major credit bureaus (Equifax, Experian, TransUnion) provides the version of the score you (or your lender) looks at. However, I was surprised to learn that credit scores also differ based on the type of loan you apply for, such as a credit card, auto loan or home equity loan.
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