Sallie Mae Student Loan Complaint

Non-federal student loan Dealing with my lender or servicer trouble with how payments are handled

Sallie Mae Student loan department,

Non-federal student loan Dealing with my lender or servicer Trouble with how payments are handled Wisconsin

Paid student loans to Sallie Mae ( I 'm co-signer for my son ) - - separate loans beginning -/-/-. - began -/-/- when I paid the installment payments for the the - loans through my banks bill pay system. Sallie Mae lost - of the checks and asked that the bank send photo copies of issued checks to which my bank said it was unable. Sallie Mae requested the checks be voided and reissued. To avoid the problem repeating itself ( lost checks ) I submitted payment electronically in one lump sum for the - loans whose payments were lost. Between the - check for - of the loans they did receive and the lump sum electronic debit for the - loans whose checks were lost, Sallie Mae applied incorrect amounts to the loans. So they applied larger payment to loan requiring smaller payment and applied the smaller payment to the loan requiring the larger payment. Consequently, - loan shows that I 'm behind and the other that I 'm ahead. I 've have spent hours - approximately over 7 hours with countless customer service reps - each time having to hear how I 'm late and need to pay and no nothing about my situation. I was required to send copies of my bank statements to prove I had paid. I have visited with managers who say that they can not redirect already allocated payments. I continue to receive emails saying my account is past due when it is not. It has been over 3 months now and it is still not resolved.

Sallie Mae customer in Wisconsin
Jul 05, 2016

* Source: CFPB Complaint Database

Sallie Mae response to complaint:
Closed with monetary relief

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