When servicers change, borrowers can get stuck in forbearance without warning. Here’s how to spot the problem and fix it fast ...
A “faulty” transfer of student loan accounts from Nelnet to Mohela in 2023 led to “millions of consumer credit reporting errors,” lawmakers say in a new letter to government agencies reviewed by CNBC.
The letter to student-loan servicers and credit-reporting agencies is the latest example of scrutiny from the U.S. senator and consumer advocates A group of Democratic senators is accusing ...
When student loan servicers change hands, the transition can lead to major headaches — just ask Annie Nova in New York City. Nova is a reporter for CNBC, and since finishing grad school in 2017, had ...
The change in loan servicers caused nearly 2 million duplicate student loan records to appear on borrowers' credit reports, while hundreds of thousands of borrowers' credit scores were reported ...