Granite State Management & Resources Student Loan Complaint

Federal student loan servicing Dealing with my lender or servicer trouble with how payments are handled

Granite State Management & Resources Student loan department,

Federal student loan servicing Dealing with my lender or servicer Trouble with how payments are handled Florida

For 18 months now, since I began closely monitoring my loans, I have had to call my loan company ( Granite State Management & Resources ) almost every month due to misapplication of loan money. I try to make targeted payments to pay off specific higher interest loans, and many times they simply spread it across all loans despite my specifications given both online and over the phone. The last couple of months, they have adjusted the amounts paid slightly on my loans, and have actually increased my auto-debited amount without my consent. The amounts are negligible for just me, but if this is happening to many of their clients, they could be making a whole lot of extra money by slightly adjusting payments, most so slight that I imagine many people would n't notice. I 'm tired of having to call and call just to have them do the same thing again the next month. There 's no reason my auto-debit should ever be different.

Granite State Management & Resources customer in Florida
Nov 15, 2016

* Source: CFPB Complaint Database

Granite State Management & Resources response to complaint:
Closed with explanation

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