Anonymous Posted January 31, 2003 Report Share Posted January 31, 2003 Case scenerio background:Great Western Savings & Loan Association is MERGED withWashinton Mutual Bank in 1996. In 1997 Washington Mutualdeletes the Great Western name. In other words Great Westernbecame Washington Mutual (one of many takeovers by WaMu)Problem: Student loan servicer (ACS) had Great Western as the client. ACS has screwed up reporting of student loan.ACS thinks it can "correct" it rather than delete it (as if Great Western is a current client). Washington Mutual usesSallie Mae-not ACS as loan servicer. WaMu agrees with us that this should simply be deleted (has even written letter.) ACS doesn't seem toget that fact that they don't have a client. Question: Can ACS decide what and how they report?My opinion: Washington Mutual is the original creditor sinceGreat Western was merged with them--WaMu did not buythe student loan--it became their student loan. WaMushould have the authority to tell Experian to delete the item. Link to comment Share on other sites More sharing options...
michelle0916 Posted January 31, 2003 Report Share Posted January 31, 2003 In my experience with student loans the servicer ACS or Sallie Mae handles the reporting, servicing of the loans etc. The banks who actually lend the money don't really get involved. I have no idea who the orignal lenders are on my loan. Link to comment Share on other sites More sharing options...
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