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: 7509559

Date Received: 2023-09-06

Issue: Dealing with your lender or servicer

Subissue: Trouble with how payments are being handled

Consumer Complaint: On XX/XX/2023 I made a payment of {$10000.00} that I indicated would apply to the highest-interest loan on my account ( 6.540 %, unsubsidized, XXXX XXXX in their system ). I specifically indicated that I wanted to pay by group, and picked group AI. They did not provide a receipt for my payment at all. They instead allocated the payment between several loans, including some of my subsidized, lower-interest loans that I don't want to pay off yet. I attempted to call them on XX/XX/2023 to rectify this issue, but it's not possible to reach them due to their increasing call wait times. Meanwhile, interest will continue to accrue every day this is not resolved.

Company Response:

State: CO

Zip: 80503

Submitted Via: Web

Date Sent: 2023-09-06

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7509153

Date Received: 2023-09-06

Issue: Dealing with your lender or servicer

Subissue: Don't agree with the fees charged

Consumer Complaint: I have received an email that the borrowers defense would apply to me. While waiting for that to take effect, my loan was transferred from great lakes to nelnet. My balance was approximately {$6300.00} ( I have proof ). A few days ago I was looking to see if it has gone through yet, and my balance is now {$9500.00}. There is no record of why or where that came from, it just appeared. And now it is accruing interest and says I have to begin payments.

Company Response:

State: OR

Zip: 97132

Submitted Via: Web

Date Sent: 2023-09-06

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7508776

Date Received: 2023-09-07

Issue: Dealing with your lender or servicer

Subissue: Need information about your loan balance or loan terms

Consumer Complaint: I have federal loans that are accruing interest. I was transfered from great lakes to nelnet in XXXX. My payment date amount and date has not been updated yet for what I am supposed to pay in XXXX. It still has a payment of {$0.00} and due date of next year. I hear of people getting through on the phone after 3 hours but I can not sit on the phone that long due to work. I have emailed them with no response. Also their website crashes constantly.

Company Response:

State: LA

Zip: 700XX

Submitted Via: Web

Date Sent: 2023-09-07

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7507834

Date Received: 2023-09-07

Issue: Dealing with your lender or servicer

Subissue: Trouble with how payments are being handled

Consumer Complaint: My complaint is against Nelnet and XXXX. During the last week in XXXX, I spoke with a representative from Nelnet about the XXXX program and I decided to apply because the rep explained its benefits. The federal government is touting how easy XXXX is, but lenders like Nelnet are not making it easy. I applied for XXXX manually because I am making less money than last years XXXX. Nelnet requested I submit my paystub to them, even though I already submitted to studentaid.gov. The Nelnet website wasnt allowing me to upload the documents, so I submitted to the email they provided. I never got a confirmation. So, days later, the site was back up so I submitted again. They said they received the application on XXXX and it would take 10-15 days. I received an email today that it would take another 10-15 days from today. I feel like lenders are stalling so that borrowers are forced to pay higher payments and higher interest. Regarding XXXX : I had to go to XXXX to learn how to bypass their automated system. I applied for PSLF last year, received a confirmation letter, and never heard anything. I couldnt reach XXXX because you need account information to bypass the phone system, but I never got an account because I finally learned there was an issue with my application. Wait times are so long that I took a day off work on Monday to try to get these things figured out and they are so far from being figured out its insane. These lenders are taking advantage of us and breaking us down and they must be held accountable. I have filed two complaints on studentaid.gov and I contacted my Congressperson as well.

Company Response:

State: CA

Zip: 958XX

Submitted Via: Web

Date Sent: 2023-09-07

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7507526

Date Received: 2023-09-07

Issue: Dealing with your lender or servicer

Subissue: Problem with customer service

Consumer Complaint: I am unable to reach anyone at NelNet by phone. The website frequently crashes. I applied for the XXXX plan XX/XX/2023. I have not been put on the plan yet. I have received a letter saying I have a balance due XX/XX/2023. However, I login and the balance says " XXXX '' owed until XX/XX/2023. I emailed XX/XX/2023 to followup on these questions, have not heard back. Everytime I call, it says the wait time is too long and to call back. If I elect to wait, I wait XXXX hours, and then the automated service says the call center is closed ( even when their listed business hours say they should still be open ). My concern is that I don't know how much I am supposed to pay, or when it's actually due, and interest is accruing this whole time. It is not transparent, there's no one to go to for help.

Company Response:

State: OR

Zip: 97219

Submitted Via: Web

Date Sent: 2023-09-07

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7506545

Date Received: 2023-09-06

Issue: Improper use of your report

Subissue: Reporting company used your report improperly

Consumer Complaint: In accordance with the Fair Credit Reporting Act this creditor has violated my Rights! Under Act 15 U.S.C. 1681 section 602 states I have the right to Privacy. 15 U.S.C. 1681 section 604 A section 2 It also states a consumer reporting agency can not refurnish an account without my written instructions. Under 15 U.S.C. 1666B A creditor may not treat a payment on a credit card account under an open and consumer creditor plan as late for any purpose.

Company Response:

State: NV

Zip: 89131

Submitted Via: Web

Date Sent: 2023-09-06

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7506541

Date Received: 2023-09-06

Issue: Struggling to repay your loan

Subissue: Can't temporarily delay making payments

Consumer Complaint: I tried to work with the new company that took my loan. When I was under XXXX they kept telling me the defer or forbear my loan instead of being put on IDR. I don't remember dates. I'm just tired of feeling like my complaints are going nowhere.

Company Response:

State: OH

Zip: 45371

Submitted Via: Web

Date Sent: 2023-09-13

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7506269

Date Received: 2023-09-06

Issue: Incorrect information on your report

Subissue: Information belongs to someone else

Consumer Complaint: The school removed the loan from my account and sent the funds back to department of Education two weeks ago. I do not have a loan because I paid school out of pocket and conferred XXXX XXXX on XX/XX/2023. I do not have a school loan. Direct unsubsidized loan XXXX XXXX XXXX XXXXXXXX XXXX ), Principle amount {$20000.00} Loan servicer : NelNet Account number XXXX

Company Response:

State: TX

Zip: XXXXX

Submitted Via: Web

Date Sent: 2023-09-06

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7505368

Date Received: 2023-09-05

Issue: Improper use of your report

Subissue: Reporting company used your report improperly

Consumer Complaint: Failure To Respond To Debt Validation Letter XXXX XXXX XX/XX/2023 Account # XXXX Due to ( The department of education/Nelnet ) your companys failure to respond to my validation of debt request within the 30 day timeframe you are legally required to remove these alleged debts from my consumer report. I have email receipt that your company received my letter request on XX/XX/2023. Your offices confirmed via email that it was received on XX/XX/XXXXXXXX XXXX XXXX which I have uploaded on this complaint. Which it has now been well over 30 days. Due to your company not validating this alleged debt which you are legally obligated to, you are no longer allowed to continue having this alleged debt on my consumer report. This an official request to have your offices remove the invalidated information from ALL 3 major credit bureaus ( XXXX, XXXX XXXX XXXX ). If I am not mailed completion of this request within 30 days your offices will in fact be in constitute of fraud under both Federal and State Laws. Due to this fact, if any negative mark is found on any of my credit reports by your company, I will not hesitate in bringing legal action against your company for the following : Violation of the Fair Credit Reporting Act, Violation of the Fair Debt Collection Practices Act, and Defamation of Character. I will be waiting for your companys response Thank you for your cooperation

Company Response:

State: SC

Zip: 291XX

Submitted Via: Web

Date Sent: 2023-09-05

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7505348

Date Received: 2023-09-05

Issue: Improper use of your report

Subissue: Reporting company used your report improperly

Consumer Complaint: Nelnet corporation ( student loan servicer ) as reported on my consumer report that I was late 13 times under the law this is illegal. Under section 1681 fair reporting credit act ; ( 2 ) Exclusions - Except as provided in paragraph ( 3 ), the term " CONSUMER REPORT '' does not include -- ( A ) Subject to section 1681s-3 of this title, any -- ( i ) report containing information solely as to " TRANSACTIONS '' OR " EXPERIENCES '' " BETWEEN '' the 'CONSUMER '' and the " PERSON '' making the report ; ACCT XXXX TOTALS {$13000.00} -- - ( XXXX ) LATE PAYMENTS ACCT XXXX TOTALS {$9100.00} -- -- - ( XXXX ) LATE PAYMENTS ACCT XXXX. TOTALS {$4400.00} -- -- ( XXXX ) LATE PAYMENTS ACCT XXXX. TOTALS {$9400.00} -- -- ( XXXX ) LATE PAYMENTS

Company Response:

State: NH

Zip: 030XX

Submitted Via: Web

Date Sent: 2023-09-05

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.