Comments on: Yet Another Call to Sallie Mae http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/ Exposing the incompetence of a student loan company Tue, 20 Oct 2009 13:12:06 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: robert http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/comment-page-1/#comment-3487 robert Fri, 31 Jul 2009 02:58:13 +0000 http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/#comment-3487 @jason you probably took out a signature loan that deferred the payments of interest. 21000 x .07 x 4 (if the payments were deferred for 4 years) = 5880 the interest that is deferred is then capitalized, which means they are added to principal. so, principal can go up. @jason
you probably took out a signature loan that deferred the payments of interest.
21000 x .07 x 4 (if the payments were deferred for 4 years) = 5880
the interest that is deferred is then capitalized, which means they are added to principal. so, principal can go up.

]]> By: Jason http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/comment-page-1/#comment-2855 Jason Sun, 20 Jul 2008 22:47:54 +0000 http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/#comment-2855 I got a school loan from Sallie Mae 4 years ago, I have not missed 1 payment. The original loan amount was 21,000 at 7% interest. I always try to pay a little extra, I have paid about 8,000 so far and after 4 years i now owe 24,000. It actually says the principle is 24,000. How does principle go up? Trying to figure out what to do about this. When i call Sallie Mae I get some one i can not understand very well avoid answering any question directly. I got a school loan from Sallie Mae 4 years ago, I have not missed 1 payment. The original loan amount was 21,000 at 7% interest. I always try to pay a little extra, I have paid about 8,000 so far and after 4 years i now owe 24,000. It actually says the principle is 24,000. How does principle go up? Trying to figure out what to do about this. When i call Sallie Mae I get some one i can not understand very well avoid answering any question directly.

]]> By: Stephanie http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/comment-page-1/#comment-1882 Stephanie Thu, 24 Jan 2008 20:58:45 +0000 http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/#comment-1882 I consolidated all of my loans with Sallie Mae and discovered that they somehow duplicated those loans. I owe a rediculous total of $119,000. My tuition was $2,500 each semester for 4 years. They charged me $50,000 in interest. I complained to the advocate email and demanded copies of my promisory notes and signed loan checks. They only mailed me the promisory notes. I will complain one last time before I get an accountant and lawyer to look over all of this before I begin legal action. I will also contact 60 minutes and any other news organization that will bring attention to this rediculous, mismanaged, company. I consolidated all of my loans with Sallie Mae and discovered that they somehow duplicated those loans. I owe a rediculous total of $119,000. My tuition was $2,500 each semester for 4 years. They charged me $50,000 in interest. I complained to the advocate email and demanded copies of my promisory notes and signed loan checks. They only mailed me the promisory notes. I will complain one last time before I get an accountant and lawyer to look over all of this before I begin legal action. I will also contact 60 minutes and any other news organization that will bring attention to this rediculous, mismanaged, company.

]]> By: Lisa http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/comment-page-1/#comment-1691 Lisa Fri, 23 Nov 2007 13:56:55 +0000 http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/#comment-1691 Ha Good Luck- My attorney called Sallie-Mae last week, because I got a loan for $9,000, five years ago, I have been paying my payments every month on time, I called for my total payoff, and it was yet again $9,000, how in the world is that even possible. I am paying double my loan amount not just a little over. It's Crazy and Sallie Mae is a huge RIPOFF... Ha Good Luck- My attorney called Sallie-Mae last week, because I got a loan for $9,000, five years ago, I have been paying my payments every month on time, I called for my total payoff, and it was yet again $9,000, how in the world is that even possible. I am paying double my loan amount not just a little over. It’s Crazy and Sallie Mae is a huge RIPOFF…

]]> By: jenna http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/comment-page-1/#comment-1621 jenna Thu, 27 Sep 2007 22:10:02 +0000 http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/#comment-1621 Sallie Mae has been debiting my account for 8 months now for a student loan and I just found out that the money has not been going towards the loan. No one has been able to help. I have already made about 12 phone calls to try to get this straightened out. Suggestions? Sallie Mae has been debiting my account for 8 months now for a student loan and I just found out that the money has not been going towards the loan. No one has been able to help. I have already made about 12 phone calls to try to get this straightened out. Suggestions?

]]> By: Tracee http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/comment-page-1/#comment-1583 Tracee Fri, 17 Aug 2007 14:55:53 +0000 http://www.imjosh.com/salliemae/2007/03/21/yet-another-call-to-sallie-mae/#comment-1583 Most of Sallie Mae’s staff are less than competent! Instead of calling their normal numbers, call their complaint department and talk to a real live person who is trying to keep the company from getting sued yet again this year! In addition – actually this would be my first step after years of trying to get somewhere calling them – send your request Certified Mail to the below address. Hehe – that seems to get them jumping and actually doing what you ask and the law requires them to do. Customer Advocate Unit P. O. Box 4200 Wilkes-Barre, PA 18773-4200 (888) 545-4199 Most of Sallie Mae’s staff are less than competent! Instead of calling their normal numbers, call their complaint department and talk to a real live person who is trying to keep the company from getting sued yet again this year! In addition – actually this would be my first step after years of trying to get somewhere calling them – send your request Certified Mail to the below address. Hehe – that seems to get them jumping and actually doing what you ask and the law requires them to do.

Customer Advocate Unit
P. O. Box 4200
Wilkes-Barre, PA 18773-4200
(888) 545-4199

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