LendKey Technologies, Inc. Trouble With How Payments Are Handled Complaints

Review and analysis of over 3 complaints against LendKey Technologies, Inc.

LendKey Technologies, Inc. consumers have reported over 3 official complaints related to Trouble with how payments are handled. Out of the 3 consumer complaints against LendKey Technologies, Inc., 0% were disputed by the consumer (i.e. the consumer was not happy with how LendKey Technologies, Inc. responded to their complaint) and 100% were processed in a timely manner. 0% of consumer complaints against LendKey Technologies, Inc. resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.

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New Trouble With How Payments Are Handled Consumer Complaints


LendKey Technologies, Inc. Student loan dealing with my lender or servicer trouble with how payments are handled

April 17, 2017 - I paid my loan on -/-/-, and received confirmation. My loan servicing has now been transferred from - - - - to - to Lendkey, and Lendkey is saying I have not made a payment yet and that it is overdue ( although this information should have been carried from - ). I would like to know why my payment is not reflected in this new account. I would also like to receive verification of this debt now that it is with a new servicer, including the signed promissory note....

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LendKey Technologies, Inc. Student loan dealing with my lender or servicer trouble with how payments are handled

December 19, 2016 - I am attempting to pay my private loan off as soon as possible, but my lender is making that extremely challenging. LendKey holds my current 10 year loan with an interest rate of 6.65 %. The auto-debit option gives me a 1 % discount on my interest. This auto-debit happens on the - of the month. I asked to have my payments increased to pay off my loan sooner and I was told that it is impossible due to my current loan terms. I was told to pay the additional amount separately every month. For the last 2 months, whenever I tried to make a separate payment LedKey would only debit the different b...

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LendKey Technologies, Inc. Student loan dealing with my lender or servicer trouble with how payments are handled

May 13, 2016 - My problem concerns Lendkey Technologies , Inc. ( Lendkey ), and their " next business day '' payment processing policy for student loan borrowers. Lendkey allows borrowers to make a direct payment only on the - of each month, which is also the day the payment is due. However, if the - falls on a weekend or holiday, Lendkey processes the payment on the next available business day. This oftentimes lengthens the billing cycle by 1-3 days. Interest continues to accrue during the extra days, resulting in higher payments over the life of the loan for the borrower. This practice is unfair an...

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