Review and analysis of over 41 complaints against Great Lakes
Great Lakes consumers have reported over 41 official complaints related to Can't repay my loan. Out of the 41 consumer complaints against Great Lakes, 15% were disputed by the consumer (i.e. the consumer was not happy with how Great Lakes responded to their complaint) and 100% were processed in a timely manner. 0% of consumer complaints against Great Lakes resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 2% resulted in non-monetary compensation.
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Great Lakes Student loan can't repay my loan can't decrease my monthly payments February 10, 2017 - I have called on behalf of my - - ( - ) and maintained contact with the servicer, Great Lakes, indicating I am still unemployed and can not pay the requested payment amount. I called recently because my payment went from an agreed upon $ -/month to $ -/month. I CAN BARELY AFFORD $75.00 ... much less the more than quadrupled amount due. When I called and asked for income based repayment, they said they could not offer me any reduced payment options " they 're hands are tied because it 's a not-federal loan ''. I said I could not possibly make the full payment but had already pa... |
Great Lakes Student loan can't repay my loan can't decrease my monthly payments January 5, 2017 - After Graduating from - University on -/-/-, I received a phone call in early -/-/- from Great Lakes Financial urgently urging me to transfer all of my Federal Loans over to them. Not quite understanding the need, In trust I follower their recommendation. In the - years that I have been paying on these - loans, I have only paid $2000.00 in Principal. Starting balance was $53000.00 to date balance is $51000.00. My complaint is that I feel as though I was taken advantage of and see no end to the repayment of these loans. Below are current and previous loan information fr... |
Great Lakes Student loan can't repay my loan can't temporarily postpone payments May 4, 2016 - This is about - and Great Lakes- I have been making regular payments to both for the majority of the past -10 years, excluding periods where I received a temporary deferment or forbearance after school or to continue my studies. I am moving out of state to start a - and care for my aging parents. I needed a forbearance for 3 months until school started as I would not have any income to make payments after I moved and prior to my new program. I contacted my lender 2 months in advance and asked what was available. Even knowing I would not have a job BUT that my income would resume ( ... |
Great Lakes Student loan can't repay my loan can't temporarily postpone payments December 22, 2015 - I have fallen behind on - of my private loans because I am making payments on other private loans, as well as the bare basics to live on. My parents, - of whom is -, have no way to make payments even though they are the co-signers. I am currently planning to make a move and job change to try to improve my situation. I have a previous arrangement with great lakes for a reduced payment of around $140.00 a month however I was in the hospital and - as well as other life-issues happen and have fallen behind, I am making small payments when I can every few weeks but the current " past ... |
Great Lakes Student loan can't repay my loan October 26, 2015 - I am on a reduced interest/monthly payment however due to ME making payments on - and my parents parent + loan, I have been unable to make any substantial payments on this account, I pay $ - when I can but I can not overdraft my account any more without not having any food or having my car taken away. Great Lakes continues to post negative marks on my credit report, there is no way for me to get any kind of extension or forbearance or anything based on my conversations with the Great Lakes reps - they are also calling my parents ( who are cosigners but living in poverty with health conce... |
Great Lakes Student loan can't repay my loan April 27, 2015 - I currently have $38000.00 in private student loans. With the interest rate and payment plan that I am on ( - ), I will end up paying to the loan companies about $78000.00. Which is more than - my actual loan rate. I was not informed of this when I took out the loans and I am struggling to make ends meet and working - jobs, but I am still scraping by to make ends meet on top of paying my other bills. ... |
Great Lakes Student loan can't repay my loan April 13, 2015 - I am trying my hardest to keep this - loan account and not behind - I make payments monthly, unable to always make the full payment as I am also making payments on my other private loan accounts. - is telling me there is NOTHING - NOT ANYTHING they can do to help me out at all with lowering these monthly payments. I have called - of times and spoken to nearly every department and explained my situation and have gotten nowhere. I am told over and over again that because it is a private loan, they ca n't do anything about it. From my understanding, - - - actually owns the loan ... |