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Student Loan Balance and Credit Report Not Matching

Total Posts: 1

Joined 2016-06-30

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Hi - I have approximately $149K in private student loans which I’m currently in good standing.  I have tried refinancing through a few different lenders (SoFi, Commonbond) but have been rejected since the balance is too high.  Would it make sense, and what would be the tactical steps, to try to get approved by say 3 lenders all for approximately 1/3 of the balance each?

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Total Posts: 3

Joined 2016-07-31

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I don’t know about your success refinancing those in pieces, but as to your question about your credit report not matching - that’s pretty common. Creditors don’t report all the time, and things like student loans can go months or years without an update. All you’ve got to do is dispute your balance on your credit report and the credit reporting agencies will get an updated balance.