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Author Topic: Mohela damaging my credit  (Read 213 times)

Bob1esq

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Mohela damaging my credit
« on: December 21, 2018, 11:51:01 PM »
 Mohela recently changed the way it was reporting my student loan, causing my near perfect credit score to drop by over 100 points.  Does anyone else have this problem?  Ironically I am on an income contingent repayment plan so the true amount I will pay on my student loan is far less than what is being reported.

TheCollegeInvestor

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Re: Mohela damaging my credit
« Reply #1 on: December 23, 2018, 08:37:18 AM »
Have you pulled your credit report on AnnualCreditReport.com and seen what the issue is?

Yes, your loan balance will rise (and that can be a negative on your credit report). However, your score shouldn't drop by 150+ points overnight unless you missed a payment or defaulted on a loan.

Haver you seen this guide: https://thecollegeinvestor.com/20604/student-loan-lender-messes-up-credit-report/