My car loan was transferred from St.George to Resimac, but I received no notification or explanation beforehand. Shortly after, I noticed my credit score had plummeted — from 820 to below 600. I’ve had no missed payments and no defaults; the only change was the original St George loan being marked as closed.This has had a huge impact on my financial plans. If your loan has been transferred recently, I strongly recommend checking your credit report and taking proactive steps to protect your score.
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