When Statebridge transfers a loan to another party or servicer, this will show the loan as transferred with a zero balance on your credit report which can have an affect on credit scoring. When the new servicer opens a new account under them, this will offset any negative credit reporting that resulted from the transferring of your loan. If you do not see reporting from your new servicer, please contact them for updates to your account.
For more information please feel free to refer to the following Metro 2 guides on ‘How should accounts that have been purchased from another company be reported?’
FAQ 47: How should accounts that have been purchased from another company be reported?
FAQ 48: How should accounts that have been purchased from another company be reported?