I took out a student loan a few years back for $1000. I defaulted on the loan shortly after I withdrew from school. I have been wanting to return to college but because I defaulted on my student loan could not get another student loan or financial aid until I repaid the loan. I repaid the loan a month ago in full, and the loan garuntee Michigan Garuntee Agency said they would send a letter to my school’s financial aid department stating that it was paid in full and that I was eligible for benefits again. Everytime I call them asking where the letter is, or why it hasnt been faxed they keep giving e the run around. First, they told me that they had to wait 10 business days by law before they coud send it. So I waited that period of time. Now, everytime I call and ask for them to send it, they say that a supervisor has to sign off on it before they will fax it. Each time, they say that it will be sent out the first thing the next morning, but I call my school and they have no faxes. I call the Michigan Garuntee Agency back, and they say that there were no supervisors there that day to sign off on it, and they will be back the next day. This has been happening for 3 weeks. What can I do? Please help.
PS: I haven’t been contacting Sallie Mae, I have been contacting Michigan Garantee Service since Sallie Mae sold my loan while it was in default. So I have to go through the state garantee agency since Sallie Mae wants nothing else to do with me. When do the mark it paid in the national student loan database?
Posts Tagged ‘problem’
Help! Having a problem getting a paid in full letter from student loan provider.?
March 14th, 2010
I have a big problem! Please help!?
February 24th, 2010Yesterday I paid off all of my credit card bills as I wanted to be rid of my debt. I have a pay day loan that I need to pay back but have defaulted on it (financial issues). In October 06, I closed my checking account do to fraudulent activity and reopened a new one however I failed to advise the pay day place as it was only October and I was getting my bonus in January so I would pay it back then. I received a call from a guy claiming to be from the Fraudulent Dept. and advised me that my name was being submited to a system called ETracks for fraudulent checks. He advised that if it is submitted to e-tracks, all of the local law enforcements will have my info and a warrant can be issued and i will be given a criminal record for fruadulent checks! I said why wouldn’t the company contact me when the debit was returned! Why would they keep submitting it to a closed account! He said if it’s not paid by tomorrow he will submit my name through etracks and get this, I have to pay him!
Continuation: He said that i can not make the payment through the company as it will not post on time. I think he’s a collection agency but the Etracks thing really scares me! I can’t risk having something like this on my criminal history. I’m a good Christian woman, I’m not a criminal! If I get a history, it would be so hard for me to get employment! I don’t understand why they would continue to make an ACH debit on a closed account without contacting me after it was returned. Has anyone ever heard of anything like this?? Can someone really be given a criminal history from a software. Wouldn’t they have to be arrested first?
I forgot to mention that because I paid off all of my credit cards, I’m short on funds and wont be paid until next week!
I just want to confirm that I “WILL NOT” be given a criminal history without first being arrested correct? That way, I can prove that I don’t write fraudulent checks and that I had my account closed for suspicious activity and also that the company never had any troubles getting the fees from be prior to October. If etracks will not give me a criminal record, I would atleast have a chance to settle this bill. I can’t even sleep or eat, I’m so worried. This is definitely a lesson learned. Oh get this, he said he called me to let me know what was going on as he sees that I do not have a criminal record. He said he usually does that for people without the record but anyone who has the record, he just submits to etracks.
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