NELNET, INC.


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"Products" offered by NELNET, INC. with at least one, but usually more complaints:

Checking or savings account - Checking account
Consumer Loan - Installment loan
Credit card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose credit card or charge card
Credit reporting -
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting or other personal consumer reports - Other personal consumer report
Credit reporting, credit repair services, or other personal consumer reports - Credit repair services
Credit reporting, credit repair services, or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Credit card debt
Debt collection - Federal student loan
Debt collection - Federal student loan debt
Debt collection - I do not know
Debt collection - Medical debt
Debt collection - Non-federal student loan
Debt collection - Other (i.e. phone, health club, etc.)
Debt collection - Other debt
Debt collection - Payday loan debt
Debt collection - Private student loan debt
Debt or credit management - Debt settlement
Money transfer, virtual currency, or money service - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Money transfer, virtual currency, or money service - Mobile or digital wallet
Money transfer, virtual currency, or money service - Refund anticipation check
Money transfer, virtual currency, or money service - Virtual currency
Mortgage - Conventional home mortgage
Mortgage - Home equity loan or line of credit (HELOC)
Mortgage - Other mortgage
Other financial service - Debt settlement
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Payday loan
Payday loan, title loan, or personal loan - Personal line of credit
Payday loan, title loan, personal loan, or advance loan - Installment loan
Payday loan, title loan, personal loan, or advance loan - Personal line of credit
Student loan - Federal student loan servicing
Student loan - Non-federal student loan
Student loan - Private student loan
Vehicle loan or lease - Loan

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Complaint ID: 7630766

Date Received: 2023-09-30

Issue: Incorrect information on your report

Subissue: Account information incorrect

Consumer Complaint: Company contacted by email letting consumers know that loans were forgiven and paid on XX/XX/2023. Lender also stated, " We have notified, or will notify by the end of the month, all national credit bureaus of your student loan forgiveness. '' When loans did not show paid on credit reports, I contacted the lender twice by phone, first time they said information was sent to credit bureaus at the end of XXXX, beginning of XXXX at the latest. Called again at the end of XXXX along with sending an email ( no response from email ), was told there was nothing they could do, credit reporting was automatic. Filed dispute with XXXX, still waiting on dispute with XXXX, Nelnet not responding.

Company Response:

State: PA

Zip: 17042

Submitted Via: Web

Date Sent: 2023-09-30

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7629273

Date Received: 2023-09-28

Issue: Improper use of your report

Subissue: Reporting company used your report improperly

Consumer Complaint: The Family Educational Rights and Privacy Act ( FERPA is a federal law enacted in 1974 that protects the privacy of student education records. FERPA applies to any public or private elementary secondary or post-secondary school. 20 USC 1232g ( b )

Company Response:

State: FL

Zip: 33801

Submitted Via: Web

Date Sent: 2023-09-28

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7629084

Date Received: 2023-09-28

Issue: Attempts to collect debt not owed

Subissue: Debt is not yours

Consumer Complaint: Im not sure whats going on. Upon checking my consumer report it appears that NelNet debt collector is reporting I owe them an alleged debt. I dont know who this company is or how they acquired my private personal information because I have never done business with them.

Company Response:

State: MO

Zip: 64118

Submitted Via: Web

Date Sent: 2023-09-28

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7628762

Date Received: 2023-09-30

Issue: Dealing with your lender or servicer

Subissue: Received bad information about your loan

Consumer Complaint: I applied to the XXXX program for federal student loans on XX/XX/XXXX, prior to any available information about my loans being updated on the Nelnet website. It has been approved and confirmed, per XXXX Nelnet took well into XXXX to even reflect a balance, let alone a monthly payment. Finally, a monthly payment has been adjusted to reflect an over XXXX XXXX monthly payment. The XXXX application led me to believe a {$76.00} payment would be expected. I emailed Nelnet on XX/XX/XXXX, called XX/XX/XXXX with no answer, emailed on XX/XX/XXXX, and called 3 times on XX/XX/XXXX. I never had issues with my previous loan servicer, now my loans have been sold and I can't get ahold of a person. It's apparently disingenuous to think the largest debt-collecting agencies in the country would know how to... collect debt.

Company Response:

State: GA

Zip: 31419

Submitted Via: Web

Date Sent: 2023-09-30

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7628325

Date Received: 2023-10-02

Issue: Dealing with your lender or servicer

Subissue: Problem with customer service

Consumer Complaint: I recently had my school loan transferred to Nelnet. Now, because I had a previous account, which the system recognizes, I have not been able to log on. I took the time to retrieve my username in an effort to reset my password. However, the system did not send the username thus I was at an anpass. I called Nelnet and typically you are on hold long enough that I had to hand up because I needed to attend a meeting. I think both times I called I was on hold for about an hour. I emailed the company with very detailed information because I am a XXXX XXXX and know the terminology. I received a XXXX email instructing me to attempt to retrieve my username. This means either they did not read my email or they outsourced their support department to someone who does not understand XXXX. Either way, I have been waiting for a response from them for XXXX XXXX weeks.

Company Response:

State: FL

Zip: 33177

Submitted Via: Web

Date Sent: 2023-10-12

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7627747

Date Received: 2023-09-29

Issue: Didn't provide services promised

Subissue:

Consumer Complaint: Subject : Dispute and Resolution Request Account Closure and 1099-C Form Issue with NELNET Inc To Whom It May Concern, I am writing to formally file a dispute and resolution request with regard to a persistent issue I have been facing with NELNET Inc . Despite my repeated efforts to address this matter, I have encountered significant difficulties, including extended wait times and a lack of access to a representative through NELNET Inc 's call center. The 20 Day Rescission Notice for Response Starts at this Moment. Account Information : Account Holder Name : XXXX XXXX Account Number : Account Number : NELNET XXXX Date of 1099-C Form : XX/XX/2023 The core of this dispute revolves around a 1099-C Form that I have received for the cancellation of debt associated with the aforementioned account. NELNET Inc has identified itself as the loan servicer for this account. However, despite the issuance of the 1099-C Form, the outstanding balance on the account has not been reflected as zeroed out. I believe that NELNET Inc has not made a good faith effort to display the zeroed-out balance, even though the debt has been discharged. Furthermore, my attempts to contact NELNET Inc through their call center have been consistently unsuccessful. I have been placed on hold for periods exceeding two hours without ever reaching an advisor or representative who can assist me with resolving this matter. This prolonged delay and inability to access customer service represent a failure on NELNET Inc 's part to address my inquiries in a timely and efficient manner. Enclosed with this complaint is a photocopy of the 1099-C Form for your reference. It clearly demonstrates that NELNET Inc has acknowledged the cancellation of debt associated with the account in question. Therefore, I kindly request that the CFPB intervene and facilitate the following resolution : 1. Prompt Display of Zeroed-Out Balance : NELNET Inc must promptly display a zeroed-out balance for the account in question on all relevant account statements and communication materials. This action should reflect the debt 's discharge in good faith, as indicated on the 1099-C Form. 2. Cease Harassment : NELNET Inc should cease all forms of harassment, including phone calls, letters, or any other communication aimed at collecting the previously discharged debt. 3. Confirmation of Zero Balance : NELNET Inc must provide written confirmation of the zero balance within 30 days of receiving this dispute and resolution request. This confirmation should clearly state that the debt has been discharged and that no further collection efforts will be made. I firmly believe that this dispute and resolution request will lead to a fair and expeditious resolution of this matter. I kindly request that the CFPB investigate this issue and ensure that NELNET Inc complies with the applicable regulations and guidelines governing debt cancellation and consumer protection. Please acknowledge receipt of this complaint and keep me informed of any actions taken to address this matter. I can be reached at XXXX for any further information or clarification required. Thank you for your attention to this matter, and I look forward to a swift and satisfactory resolution. Sincerely, XXXX XXXX

Company Response:

State: CO

Zip: 80012

Submitted Via: Web

Date Sent: 2023-09-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7627742

Date Received: 2023-09-29

Issue: Attempts to collect debt not owed

Subissue: Debt is not yours

Consumer Complaint: Many years ago this company reported on my credit report and I never signed or borrowed any student loan from them. Years ago I only agreed to pay because I didnt want them reporting negatively. I disputed them before and now they have reappeared on my report. Ive asked who consented this loan because I never have. Im asking to have this removed from my credit report immediately. This is not a debt to student loan I consented to

Company Response:

State: GA

Zip: 30044

Submitted Via: Web

Date Sent: 2023-09-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7627729

Date Received: 2023-09-29

Issue: Dealing with your lender or servicer

Subissue: Received bad information about your loan

Consumer Complaint: I submitted a SAVE plan request on XX/XX/23. The website informed me I would receive an email from them in 3 business days for approval and if not I would get an email with a status update in 10 days. It has now been over two weeks and i havent heard anything. Today, XX/XX/23, I waited on the phone for 2 hours and 45 minutes before someone answered. I was told that today they just finished processing applications for SAVE from XX/XX/23 so it would be another 3 weeks before I found out if I was approved. I then asked why the website said 3 days for approval and 10 days for a status update and the customer service rep said that was only during normal processing time and that they were having longer than normal processing time but mentioned that no where on the website or via email. In addition, during this time my loans are acreuing interest daily while I wait for the SAVE plan approval and she said she can not do anything about it due to long wait times. So I am ready to start making payments on my loan via SAVE but I am unable to do to the lag in processing time and NelNet can not pause my interest accruing. So I am just being penalized because they are behind on request approvals. They have no updated information on their website that they are behind or anything.

Company Response:

State: KS

Zip: 66208

Submitted Via: Web

Date Sent: 2023-09-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7627721

Date Received: 2023-09-29

Issue: Dealing with your lender or servicer

Subissue: Keep getting calls about your loan

Consumer Complaint: I received an email from a XXXX XXXX at XXXX Pretending to be an agent of the Department of Education. The body of the email reads : Hi this is XXXX XXXX, Im following up regarding your eligibility for student loan forgiveness and we were unable to reach you at your home. It looks like your application is incomplete, and still needs to be submitted before the end of the forbearance deadline. Its urgent that you call to complete your application prior to payments resuming in XXXX. As a reminder all loan statuses qualify even those in default and garnishment. If you could please call your dedicated eligibility counselor at : XXXX, to complete your application, and finalize your enrollment as soon as possible, as benefits are offered on a first come, first serve basis. Please be sure to provide your approval code : XXXX when speaking to your counselor to expedite your call. Thank you, bades zulica _. _. -. - This is an advertisement. XXXX XXXX XXXX # XXXX, XXXX, New Mexico XXXX, get removed from list at : XXXX XXXX

Company Response:

State: AL

Zip: 350XX

Submitted Via: Web

Date Sent: 2023-09-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7627719

Date Received: 2023-09-29

Issue: Dealing with your lender or servicer

Subissue: Problem with customer service

Consumer Complaint: I tried to sign up for the REPAYE/SAVE plan with them. They denied my application stating that I needed to provide them with 3 years of income information. This is simply false, there is no reason I should verify my last 3 years of income with them. I have already provided them with proof and verification of my current income via my latest tax returns. I have tried calling them, which resulted in busy lines and a notice to try using their website to email them. Upon using their website I received an email saying " We're really busy, try calling us ''

Company Response:

State: OH

Zip: 450XX

Submitted Via: Web

Date Sent: 2023-09-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.