Sunday, March 4th, 2007...12:49 pm

Sallie Mae Screws Another

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Reader Email:

I feel your pain in dealing with slm.In Nov my wife and I filed chapter 7.We did not file on my slm loan since me and my lawyer thought that I could not file on a student loan  (WRONG).Just so happens that the career loan I had you can file on.So when they got the notice that I had filed they put the loan in my dads name.they never called me once.

Then they lost my Nov payment.They called my mom and dad at least four times a day.I had to fax them my bank statement four times.It took them a month and a half to find it.

They were also going to send me forms to fill out so that I could re-affirm the loan in around the first week of Nov.When did I get them?  End of Dec..They said to sign it and have my lawyer sign them and fax it back to them and they would file the papers.Three weeks later after hearing nothing I called and was told that NO we don’t file you have to.So after spending almost three months now trying to get the loan back in my name now they are saying since my chap 7 case is now closed that they can’t put it back in my name.

I’m going to fire off a letter to Mr.Fitzpatrick about this so he will  know how much I think SLM is nothing more than a bunch of low life crocks.

Thanks for sharing, I only hope our voice gets large enought o be noticed.

5 Comments

Filed under Private Loans, Sallie Mae

5 Comments

  • Eric
    March 5th, 2007 at 9:39 pm

    So I’m wondering what was the loan you had with Sallie Mae that was elligible for bankruptcy? Cause if it’s their career training loan, then I’m in luck and I can get rid of these bastards once and for all.

  • smithj
    March 6th, 2007 at 8:27 am

    I will see if the person affected can comment.

  • robinsl
    March 15th, 2007 at 2:24 pm

    I too have the same Career Training loan, although my culinary school and SLM conveniently called it a student loan when I filled out the forms.

    My bankruptcy was filed in 2004 and I did include my loan because a parent co-signed and because SLM told me “student loans” were not dischargable. One year after my discharge my parent co-signed received a letter out of the blue stating that under bankruptcy law, SLM was required to remove my name from the loan and the assigned it entirely to him. The loan is now no longer eligible for any forbearance, deferments or consolidation with them.

    I won’t even go into the horrifying interest rate or nasty phone calls they have made and denied. My parent will most likely not live until the stated loan payoff date. Who will they go after then, my parent in the grave, my dogs, or will my name suddenly re-appear? That company is slime!

  • Pat
    August 16th, 2007 at 11:55 am

    Hello,

    I found your website while researching whether my SLM Career Training Loan

    http://www.salliemae.com/get_student_loan/find_student_loan/training_loans/career_training_loans

    (which was used to pay for Cisco IT classes at a technical training company/school) is dischargeable in bankruptcy. Do you know if it is? If not, can you point me towards who might know? The lawyers I’ve spoken to aren’t sure. I think it should be since I was told that I can’t consolidate it with regular student loans such as Stafford.

    Any info you can provide is appreciated. I’ll let you and the other sites I’ve visited know how this works out.

    Thanks,
    Pat

    May the roads rise to meet you

  • mel
    January 23rd, 2008 at 1:35 am

    i went to a training school as well and was clueless about the whole “loan” thing, of course at the time i thought great ill graduate get a job and be able to pay these back etc.etc. well turned out i ended with no job, 2 kids and SLM is almost the only debt i have,besides life necessities. i would like to file chap7 and just wipe it out and deal with the rest later. any advice from anyone??? seriously i will never be able to pay this off and find it rediculous how SLM is unorganized and your right, they give you the run around all the time!

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