Sallie Mae Student Loan Complaint

Non-federal student loan Dealing with my lender or servicer received bad information about my loan

Sallie Mae Student loan department,

Non-federal student loan Dealing with my lender or servicer Received bad information about my loan Colorado

Sallie Mae, now -, has irreparably damaged my credit and finances. After graduating from college and not being able to find a job for close to a year, they refused to work with me to refinance my loans, despite my various attempts to work out a payment plan with them. Once employed, I resumed my payments, but they were too high as I am only - and an entry level employee. Again I contacted them only to be given the runaround, and when I finally spoke to someone of stature, they told me that the only way to refinance my loans was to default on them, which I did. Once I defaulted, I made another call to Sallie Mae and was able to get my payments down to $560.00. Fine. But upon recent inspection on my part, I found out that they 've been taking more than the agreed upon amount totaling to $640.00. I 'm now unemployed again, due to health reasons, and am virtually stuck. I have no other money in the bank and am pursuing options in which to sue for at the very least, breach of contract. Additionally, when I first restructured my loans, they proceeded


previously agreed upon. If their system is messed up, then why am I being punished for it? They 've also harassed my relatives, none of whose information I gave out when applying my loans, so they must have been mining data to figure out who to call. Every time that I 've tried to call them and straighten this out, I get the runaround and them telling me that my only option is to defer my payments, but to do so I have to pay an additional $150.00. What?!? The people they 've hired to run their " business '' are completely unprofessional, incompetent, and inept ; this organization should be run out of business for the plain thievery that they are allowed to inflict on American citizens.

Sallie Mae customer in Colorado
Nov 07, 2016

* Source: CFPB Complaint Database

Sallie Mae response to complaint:
Closed with monetary relief

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