Source: http://www.thriftyfun.com/tf68159928.tip.html

Student Loan Consolidation Scam?

I had a substantial amount in student loans, but upon graduation I could not find a job and another one was too low to even cover my expenses. 3 years ago, I had an opportunity to pay back some of the loans and contacted the servicing agent that was on my credit report, and settled out with hemar, the servicing agency. I paid out about $75k as part of the overall settlement. About a year ago, I got a threatening call from NYS Higher Education Servicing Agency, saying that I owed them $100k!

They did not provide me with documents to support it other than computer generated ledger showing a total amount. They advised me to rehabilitate, and then pay about $1200 per month, but if I cannot pay the amount after I rehabilitate, I go back to default and I have no other option! I have been misled. I don't know how my consolidated student loans can be de-consolidated.

The servicing agent called my employer to notify them that there is a possibility of garnishment and they threatened to do so. What are my legal rights? The servicing agency took money out of my account without authority based on my good faith effort to provide them with my information, and also to get information to support their claim. I dispute the amount as being wrong, or doubled, or miscalculated. I switched my bank as a result and notified them. Nothing has worked.

I don't understand how I can consolidate my loans through direct loan servicing and later, have this account de-consolidated. I processed paperwork, so shouldn't the paper trail follow?

I need help. If anyone can help me, or provide me with info, or what processes are, I will be most grateful.

Mia from New York, New York

Source: http://www.thriftyfun.com/tf68159928.tip.html

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