Student Loan Consolidation Scam?

RE: Student Loan Consolidation Scam? Post By www.studentloandedtnomore.com (Guest Post) (12/14/2007) try www.studentloandebtnomore.com RE: Student Loan Consolidation Scam? Post By DEFAULTED STUDENT LOANS (Guest Post) (11/30/2007) When I think of defaulted student loans, I get vexed because I would not like to fall prey to this embarrassing scenario, not for one second! Defaulted Student Loans can get you so devastated that it hurts for the rest of your life. Yet it may not be your willpower for it to happen. It may have been an unavoidable reason, like problems at home or incapacitation. But then you can not ignore the fact that some of us disregard responsibilities to pay for the student loans and as a result keep a bad credit history. Poly Muthumbi is a Web Administrator and Has Been Researching and Reporting on Student Loan Consolidation for Years. For More Information on Student Loan Consolidation, Visit Her Site at: http://www.gofixa.com Student Loan Consolidation Could be your Turning Point! Post By Student Loan Consolidation (Guest Post) (11/28/2007) Are you a student who is your own guardian? Don't die paying all these lenders while you can comfortably pay one and evade a difficult life. Defaulted student loans can get so cruel. It means your credit history is destroyed, options for delaying credit like forbearance and deferment are rejected and you are in for a full loan payment. And guess what, your wages are affected, federal income tax is withheld and yet chances of getting other federal loans reduces. Poly Muthumbi has been researching and reporting on Sstudent loan consolidation for years. For more information on student loan consolidation, Visit her site at http://www.gofixa.com/?p=3 RE: Student Loan Consolidation Scam? Post By Nik (Guest Post) (09/27/2007) Make a concise list of all the facts, names, dates, etc. and write ASAP to this office in Congress: Michael C. Zola, Esq. Chief Investigative Counsel Committee on Education and Labor U.S. House of Representatives 1107 Longworth House Office Building Washington, DC 20515 http://edlabor.house.gov RE: Student Loan Consolidation Scam? Post By Guru (Guest Post) (09/17/2007) http://highereducationscam.blogspot.com/ Read before you sign RE: Student Loan Consolidation Scam? Post By Guru (Guest Post) (09/16/2007) Check out this website and all relevant forums (google search) before signing any dotted lines: http://highereducationscam.blogspot.com/ RE: Student Loan Consolidation Scam? Post by Peter Charles (1) | (08/09/2007) Profile | Contact Register on our website http://www.studentfinancialadvisors.com we will try and help you. RE: Student Loan Consolidation Scam? Post By Peter Charles (Guest Post) (08/09/2007) Come visit our website at http://www.studentfinancialadvisors.com Complete the registration process and we will try to get you out of your mess. Student Loan Consolidation Service Post By noktor (Guest Post) (08/02/2007) When it comes time to consolidate student loan debt, a person should take several things to do in consideration. The services will make the process that much more convenient and easier to manage. Also, the student will likely have questions throughout the loan repayment; For More Infomation about Student Loan Please click here http://studentloan2007.blogspot.com/ RE: Student Loan Consolidation Scam? Post by bojicat2000 (1) | (06/06/2006) Contact I have record of my payoff. What is disturbing is, that when you apply, I only filled out one student loan applciation. I consolidated into one loan. I mean, is there any other kind? I have been advised that the consolidation was not in "complete". and that I might not have consolidated all the loans. But, the loan documents provided to me by a servicing agency was the basis of which I paid off a lump sum. And, collection agency, General Revenue Corp which was servicing for HEMAR before is claiming that my loans were not consoldiated! And it went thru two separate consolidation ways. I can understand that if I did not pay at all....but I did pay a lump sum, and I have never gotten back my taxes both federal and state...so, they should have the burden of showing me that I owe sum certain. What are the debtor's rights here? How can consolidation be in effect, 'deconsolidated or ineffectively consolidated? Isn't that the point of consolidating? I began keeping journals, and notes, letters and faxes, and certified mails. I appreciate all this help. Mia Editor's Note: It sounds like you have all of the proof you need to fight this. I'd call your states attorney or attorney general and ask them who you can deal with on this. One call from them and sometimes these things can be straightened out quickly. You can also call your U.S. representative or Senators. They may be able to help also. Make sure that you only send copies of your proof and keep the originals. Let us know how this turns out. Susan from ThriftyFun RE: Student Loan Consolidation Scam? Post By Anonymous (Guest Post) (05/25/2006) Just a little history for your FYI, apologies if you're already familiar with this...This is not uncommon for student loans. Unlike credit cards, a student loan is secured debt that you promise to pay back when you sign the promissory note. The government has the right to garnish wages and taxes if your loan has been claim filed. Also, student loans do collect interest. Interest is capitalized on your loan when your loan is unpaid. Basically, once interest is capitalized it becomes an added amount to your principal and you continue to collect interest on principal + the capitalized interest. It sounds like the loan servicer and lender has since filed a claim on your loan and NYS now is trying to collect back on the loan. Depending on how long the loan has been claim filed, the 100K is not an unlikely amount. I am concerned that you said you settled and made payment to HEMAR. It is very rare that any student loan company or collections agency will settle. If they did settle and your loans were paid off you would have gotten a paid in full letter. The persons advice regarding the Attorney General's office is a good place to start. You should collect all evidence of the 75K payments that you made and follow the persons advice posted above. You should also try contacting the NYS higher education again once you have compiled some evidence and discuss the situation with them, you need to get a manager on the phone because the customer service reps are most likely not trained to handle your type of situation. Good luck RE: Student Loan Consolidation Scam? Post By (Guest Post) (05/23/2006) Try http://www.studentloanjustice.org RE: Student Loan Consolidation Scam? Post By Brenda Chavis (Guest Post) (05/22/2006) This happened to my husband also. Contact someone from the Attorney Generals office in your state. They will tell you what collection practices are legal, and which are not. File a grievance against the company for any illegal practices they have used. In NC there is no charge for this, to you. Also contact the better business bureau in your state, and file a complaint against the company. Make a copy of everything you send to anyone, for your records, and keep notes on any phone calls, taking names on who you are talking to. Also send copies of your complaints filed, to the company who is harrassing you, and tuck in a letter explaining that you know the collection laws, and are having them enforced on their company. (keep a copy of your letter also.) You will find that they will leave you alone very quickly. Hope this helps.