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Sallie Mae |
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steve of bronxville , NY September 28, 2009 my daughter took a loan out with sallie mae in sept o7-2007 for collage. we already took two other loans that were consolidated and am now paying off. sallie mae now is coming after us for payment saying that we co sined this loan. we have tryed for a month to get info on this account and see papper work on this matter to no avail. have spoken to my daughter about this bill. yes she has come on hard times. a payment might be slow i am not negateing that this has to be paid but sallie may has sent me nothing as of yet. my daughter said she took the loan out on line and did not need a co siner. my credit is in danger and all i want to do is correct this. can ya helpe me fix this? credit destroyed. calls that might boarder line harashment Norma of Houston, TX September 27, 2009 I worked with Linda D and she informed me that she obtained a student loan from Sallie Mae and I would need to adjust her schedule. All personal information was on the store computer. Shortly after that I quit Now I am receiving threatening info that my credit will be ruined and the loan is in default and I am a cosigner on this loan How do I make this go away and save my credit? Loan is in default as Linda did not make payments and my credit is in ruins Beth of Orlando, FL September 25, 2009 I have offered them a monthly payment % until I can sucure employment, yet they refuse and call ma 3 to 5 times a day. I have sent them written notification that I do not want to be contacted by phone, however they just keep calling. Lynor of Nahant MA, MA September 25, 2009 I am a co-signer on my daughter's school loan. The loan was due in July 2009, she never received a bill for payment, no information on what was due. The calls started in early August and have continued daily. They start at 8am and continue thru 9pm. Some days they call from different numbers at least 5-8 times a day now. My daughter has made 2 payments already and has now filed for a deferment and the calls still won't stop. I am being harrassed by these people everyday 24/7! They are not even calling my daughter who owes the loans at all. I need help in stopping this! They had the nerve to find one of my closest girlfriends and actually call her looking for me. I called them and spoke to a manager and raised hell! How dare they call others now! This is effecting my work since I work from home, my peace of mind and well being. Please help me in where I can turn to stop this madness? Tanya of Bondurant, IA September 16, 2009 SallieMae has been harassing me for over a year. Last August through December I was in school and they continued to call me 20 times a day saying I owed money. Every time I would tell them I was a full-time student and they would check the clearing house to see that I was telling the truth. They would always tell me that they fixed it in the system, but the calls never stopped. Finally in december I graduated and put all the loans into forbearance, this stopped the calls for about a week and then they started calling again saying I owed and was behind. Again I would explain to them I had just paid to put them in forbearance. They would then tell me that I hadn't and I would have to fight with them. This has continued over and over since then. I pay to put them in forbearance because I'm not working and then they continue to call me 15-20 times a day saying I owe. I'm so sick of it! Amy of Beverly, MA September 16, 2009 After speaking to Nancy and explaining that the calls are harassment. She said it isn't and they are allowed to call up to 8 times a day! 8 times! This is harassment! I explained I do not use my phone as I'm hearing impaired & do not own a TTY (they are expensive)! She didn't even have a record on file that my mom spoke to them (who is my authorized person on the account) today or about the program that I had to select for the payments. And there is not a 50 dollar forbearance fee as they say on the site! So not only do they misinform, they dont have the correct information in their system. I think loan companies need to do forgiveness programs or get rid of the loan program all together. Camille of Springlake, TX September 15, 2009 I am a co-signer of a student loan. Until March, 2009 we have received paper bills each month so we can make monthly payments. The bills no longer come and the loan is in default. When I called to ask, they said they will no longer send paper bills because the borrower called and requested bills be sent by email. The borrower does not have an email account and SallieMae will not send me a bill so I can pay it. Why will they not let me pay the bill - that is all I want to do. No wonder the government had to bail them out. They refuse to take money from those who want to pay but because I am the co-signer of the loan, my credit has been destroyed because of loan default on a loan that the lender will not let me pay on. What is wrong with this picture and how do I get a paper bill so no more loan default. Christopher of Dallas, TX September 15, 2009 After years of phone calls and harassment directed at myself and family members (including non-family members), I called Sallie Mae several times to fix the problem. Currently out of a job and unable to pay the bills, they asked for a small amount (which I had to scrape together) to hold the account from going into collections for 30 days. I paid it, but began receiving calls again within a week or so. After calling them AGAIN, I explained the situation and was told paperwork would be sent regarding unemployment forbearance. I never got the paperwork, but I DID receive notices that my accounts had been sold to a collection agency. There was no contact from Sallie Mae to inform me of this. Now I have to deal with collection agencies, when I should have been able to defer my payments until I got a job! Dorothy of Boise, ID September 12, 2009 I am cosigner for my grandson on a Sallie Mae student loan. I have been receiving a Annual student loan interst statement to cosigners. It took my old lady brain far to long to realize Sallie Mae has been charging allmost 10% interest on my grandsons loan. That's because this interest statement to cosigners did not say a thing about the amount of interest charged. How strange is that? There's a interest capitalization amount, not sure what that means but must be another word for Compound interest. The bankers greed machine. It was my understanding this loan had a interest rate of just over 3% I want to know why it went to almost 10% and when. I take it the rate went up because my grandson has bad credit. Why did not conceder my credit score, as cosigner, which is in the high 800's. My problem is changing interest rates without notification. Is that even legal? My complaints are nothing compared to others I have read. Its outrages and immoral. What America needs is a non-profit for student loans. How can we have a strong America when its impossible for low income people to go to collage. I wrote Anne Milem at Sallie Mae. I hope to hear from her. James of Webster, MN September 9, 2009 I have found myself in a position where my Excel Student loan has been modified by Sallie Mae Inc changing it's term length from a 15 year (180 Payment) term to 20 year (240 payment)term at their own discretion and without notification, expressly against my consent, and outside of the terms on my Excel Loan agreement. This action beginning in 2001 has now, in 2009 resulted in the knowingly fraudulent and mis-represented collection activities reported to existing credit bureau such as Trans-union, Experian, and Equifax. The illegal action of Sallie Mae in Adjusting the terms of my established Excel loan has been openly admitted and document by Sallie Mae, stating this was at their discretion. This unrequested action has in effect added 33% to the term length of loan and thousands of dollars of interest payments required, all at Sallie Mae’s benefit, with no benefit or justification to the loan holder. Sallie Mae is now demanding satisfaction for this 33% increase and the resulting interest payments. I have a complete time line and copies of all documentation currently in my possession from original loan documentation and Promissory Notes, to my conversations with them in 2001/2002, to the current disputed correspondence, payment schedules, and credit reports Addtionally, MN state Attorneys Genreal office have requested review pf the situation, Sallie mae has been unresponsive to their request as well - It Appears Sallie Mae beleives it is immune to the law. Severe Drop in credit rating, and mis represented debt. as well as billing and satisfaction notices for the 6700.00 outstanding loan debt as Sallie Mae see's it. No to mention Sallie mae possible garnish of wages or tax refunds. Advertisement
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