Review and analysis of over 137 complaints against Discover
Discover consumers have reported over 137 official complaints related to Can't repay my loan. Out of the 137 consumer complaints against Discover, 23% were disputed by the consumer (i.e. the consumer was not happy with how Discover responded to their complaint) and 100% were processed in a timely manner. 1% of consumer complaints against Discover resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 7% resulted in non-monetary compensation.
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Discover Student loan can't repay my loan can't decrease my monthly payments October 26, 2016 - I have been paying back my student loan since -/-/-. I was late for - payment about 2 years ago and it was only by a few days. Other than that, I have never missed a payment no matter how hard it was to make the payment. I tried in good faith to get them to refinance the loan. However, they keep saying they will be coming up with refinancing options, but they never do. The terms of the loan are completely unfair. It is very high interest and a very short term. This makes it nearly impossible for me to live month to month. It was originally a $44000.00 loan and by the end of the loan... |
Discover Student loan can't repay my loan can't decrease my monthly payments June 29, 2016 - Hi, Thank you for your time reading my complain, I am currently working part time ; around $600.00 a month. I had a Student Loan from Discover Bank. They are asking to for a monthly payment around $200.00. After we agreed to pay partial payment, they reported me to the credit company as late payer. However, they told me as long as I pay partial amount of money, they wo n't report me. And I paid $ - monthly for the past 3 months.... |
Discover Student loan can't repay my loan can't decrease my monthly payments February 23, 2016 - One of my student loan providers is Discover. I 've attempted to call them and ask them for a lower monthly payment plan but they advised they do not have any plans like that. They only offered to provide a forbearance in which I 'm not interested in because I do n't want to have my interest increase. I mailed them a request in writing to list all the options they have to help me pay them but they responded stating to give them a call. I am a graduate out of - - University and live pay check to pay check to get by. I feel the loan providers should be more flexible especially because this... |
Discover Student loan can't repay my loan can't decrease my monthly payments February 10, 2016 - My son took out a total of $120000.00 in student loans with Discover Financial beginning in - through -. I was his cosigner, since this was the only way he could be approved to borrow money to further his education. Being this was my - child to attend college and we were never educated on the negative impact private student loans came with, we now owe Discover $170000.00. The loans came into repayment in - - ( with over - in capitalized interest added to the principal of the loan ). The monthly payments my son is required to pay are $1600.00. He is unable to afford thes... |
Discover Student loan can't repay my loan can't decrease my monthly payments January 15, 2016 - I transferred into - University in -, IL from a small college in Wisconsin after my freshman year. After realizing I did n't want to be in a small city setting, I transferred and left behind my scholarships. Unfortunately, many schools do n't hand out scholarships to transfer students and my parents were right above that line for federal aid, so I had to take out all private loans. Not realizing repayment options for federal and private loans were different, my family and I did n't think taking on a large debt sum was going to be that big of a deal. When I realized I did n't want to beco... |
Discover Student loan can't repay my loan can't decrease my monthly payments January 8, 2016 - I currently owe $54000.00, my monthly payment is $500.00 and I make about $2300.00 per month. My rent is $1600.00 in addition to other bills. I am unable to make this payment and need assistance as the lender, Discover Student Loans, is unwilling to work with me. ... |
Discover Student loan can't repay my loan can't decrease my monthly payments December 31, 2015 - I consolidated my student loans thru Discover and they are charging me 9.950 % interest. I have asked them to refinance but they refuse I am at the point I am going to default on this loan ... |
Discover Student loan can't repay my loan can't decrease my monthly payments December 8, 2015 - My private student loan was originally serviced by what is now, - - -. It was sold over 4 years ago to Discover Student Loans. When it was first sold I noticed the payments were $100.00 more than the original payment with - -. My current monthly payment with Discover is $370.00. I can not pay that. I have told them repeatedly by phone and email, the payments are too much. I have asked if they could lower the monthly payments or refinance the loan to lower the monthly payment. My emails either went unanswered or I was told I have no choice but to pay it, as I had used all of ... |
Discover Student loan can't repay my loan can't get flexible payment options December 1, 2015 - I graduated from - University in - this past summer and my student loans have come into repayment. I was able to find a full time position, outside of my field of study making $ - a year. My Discover private student loan principal is $ - making the payments on those alone over $1700.00 a month. I am currently on the reduced payment plan but it only lasts 6 months, after this period defaulting looks like it could be my only option. Thus far, Discover Student Loans has been ridged and unwilling to offer any sort of long term solutions to make repayment of the loan affordable. ... |
Discover Student loan can't repay my loan can't decrease my monthly payments November 20, 2015 - I attended - - University in -, Ohio for my -. During that time I was unable to receive grant money for - costs, so I received a private student loan from Discover Student Loans ( Graduate Loan, for - ) to help with those costs. I am now a - but am attending a non-accredited University that is outside of the United States. Since the University is non-accredited I am not eligible for an in-school deferment. My income is a scholarship provided to me from a Federally funded organization here in the country for living expenses only and amounts to only ( after exchange rate )... |
Discover Student loan can't repay my loan can't get flexible payment options November 16, 2015 - This is my - time contacting the CFPB with a complaint concerning Discover Student Loans. I am a week or so away from having my loan charged-off. Me and a co-worker/counselor have called in every month to do our due dilligence on what programs may be available through Discover to fit my budget an afford payments. Discover has offered payments of -, Y, & Z to which none are affordable. I received this e-mail today from the Director of Operations at Discover Student Loans ; '' Dear -, If you are having difficulty making your monthly payments, we have options to help you temporarily man... |
Discover Student loan can't repay my loan can't get flexible payment options November 10, 2015 - I attempted to consolidate my loans with a single provider to better manage my payments. Without my permission or consent, Discover withheld the loan they service from the consolidation. I am now facing hardship making my payments, and Discover has offered no recourse. I am frustrated that when I tried to consolidate my loan away from them, they took advantage of a loophole to avoid accepting payment from my consolidation loan provider and continue to hold my loan despite my wish to consolidate. Discover did this without my consent, and now I have learned that in order to include this loan in ... |
Discover Student loan can't repay my loan can't get flexible payment options November 10, 2015 - University - , CT-/-/- Discover Student Loans verbally harassed and disrespected me. They called me at inappropriate times, they hung up the phone on me, they stole money from me, they gave me the run around, they reported my loan to collections. -/-/- they overcharged me on student loan payments. The charged me late fees when I was n't even making any real money. I signed up for an Income based repayment plan and they took out more money than was authorized out of my account. They did this multiple times. I had to wait a week just to call Discover Student Loans to find out they d... |
Discover Student loan can't repay my loan can't temporarily postpone payments November 9, 2015 - I have a private student loan from Discover. I am currently a -, making - per year and can not repay my loans at this time. With all other loans, including all other federal and private loans I am able to apply for forebearance as long as I supply proof that I am still in training. Discover has told me that I " can only be in residency 4 years '' and that my ability to forebear my loan is over and I must pay up. I have explained to multiple discover reps who call to harrass me that I am still in traning. They continue to tell me that I can only be in training for 4 years and now I have ... |
Discover Student loan can't repay my loan can't temporarily postpone payments October 26, 2015 - I suffered a shoulder injury the beginning of the year, which limited mywork. I am a - who is - and use my - for my job. I have private loans with Discover Financial andcontacted them via phone several times to see options. The responsewas that nothing could be done and I did n't qualify for deferral. Theythreated default and sending to collection. I have tried over the year topay what I could afford. Then my father passed in -/-/- and I havebeen out of work. They have put the loan in default and are not giving oroffering any options for me to repay loan. I am not in a position t... |
Discover Student loan can't repay my loan October 14, 2015 - To whom it may concern : I am writing this letter in an effort to bring to light how Discover handles struggling debt burdened borrowers buried in Student Loans with interest rates ranging from 7.5 - 9.9 %. As a -, I am deeply concerned with Discovers inability or desire to offer help when consumers are struggling with repayments terms as a result of financial difficulty. I attended - - - College/University -/-/--/-/-. During that time, my mom did what she could to put me through school, which included taking out private loans through Discover. While the terms of the loa... |
Discover Student loan can't repay my loan October 8, 2015 - -/-/- my balance at Discover Student Loans was roughly $ -. Since then I have paid about $ - in total payments ; $ - towards interest and $ - to principal. -/-/- my pay off balance is roughly $ -, not sure how $ - of payments resulted in only $ - reduction of the total balance. I have taken every action to help me lower all expenses and maximize my income, but still struggle to pay the min. monthly payment of $850.00. Other loan servicers like - - and - have helped me lower my interest to help me with my overall balance. - - provided rate reducti... |
Discover Student loan can't repay my loan September 20, 2015 - To Whom It May Concern : I am concerned about the current amount of my student loan payments. I have - distinct sets of students, - from private providers ( - and Discover ) and - consolidated batch from the US Dept of Education. Here 's the breakdown : Monthly PaymentsCitibank : $ --Discover : $ --US Dept of Education - : $ --Total : $1300.00 ( monthly ) Total Loan Debt- Sub Consolidation Loan : $ - Unsub Consolidation Loan : $ --Discover : $ - : $ --TOTAL LOAN DEBT : $ --I earn approximately $- per month at my full-time job. ... |
Discover Student loan can't repay my loan July 7, 2015 - Finance company is unwilling to work with me in reducing payments to something that is actually reasonable. ... |
Discover Student loan can't repay my loan May 15, 2015 - I went to the University - - and have student loans through Discover. I have recently contacted them to get a lower monthly payment since they want more money than I pay in rent. The told me I could split my payment which is not helpful. Then the executive at Discover told me to contact a lady that specializes in repayment and I have yet to get a phone call back, not to mention the fact that I get - phone calls a day harassing me for money. ... |
Discover Student loan can't repay my loan May 11, 2015 - - -, - NJSince I have - in -/-/2012, I have not make enough money to pay off my monthly student loan payment, which has led to them being in default. I am currently looking into different banks that could help me by consolidating my private student loans, but my credit is horrible. I need help!, because I am willing to pay just not at a high monthly price. ... |
Discover Student loan can't repay my loan April 29, 2015 - Hello, my name is - - and I am a 2011 graduate of - - University with a student loan outstanding debt ( - -, Discover Bank ) of a small house in the country. The only major problem I have with that is the outstanding amount the loan company asked me to pay every month, which I was n't able to do. It 's the equivalent to a monthly lease on an apartment. This caused me to be referred to a lawyer firm to collect debt '', - - - to be exact. I 'm constantly being harassed that I should settle or increase my payments. Both of which I ca n't do because I do n't make that a... |
Discover Student loan can't repay my loan April 21, 2015 - Hello, I am a 2011 graduate of - - University with a student loan outstanding debt of a small house in the country. The only problem with that is the outstanding amount the loan company asked me to pay every month, which I was n't able to do. It 's the equivalent to a monthly lease on an apartment. This caused me to be referred to a lawyer firm to collect debt ''. I 'm constantly being harassed that I should settle or increase my payments. Both of which I ca n't do because I do n't make that amount of money to be able to do just yet. I 've asked to be on a lower payment plan ... denied.... |
Discover Student loan can't repay my loan April 17, 2015 - I have been in contact with my private student loan lender Discover Student Loans several times since - 2014 to try and make my monthly payment more feasible so I can afford to live. I have been told to either use forbearance or default my loans and that they can not help me. They want me to pay nearly $700.00 a month, while trying to live and pay other bills. I also have federal loans that are in non repayment right now until I can get something resolved with Discover and be able to afford to repay my loans. I am willing to work overtime to pay Discover a settled amount every month so ev... |