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 Posted: Wed Feb 28, 2007 7:54 pm Subject: idiotic student loan companies |
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I have a bunch of student loans through AES. If I'm so much as a day late in payment, the phone calls start pouring in to my father (the cosigner) and not me.
Isn't that a little too much? I mean for crying out loud, half the time I don't even get a bill in the mail and since I'm forgetful, it slips my mind. And shouldn't the phone calls be coming to ME since i'm the one with the loan?
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drjonah
Joined: 22 Feb 2007
Posts: 103
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| Posted: Wed Feb 28, 2007 9:31 pm Subject: |
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I have to assume that these are private loans since Federal ones do not require co-signers.
Do they have your current phone number??
If your dad is the cosigner, legally he is just as much rresponsible for the debt as you are.
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SOAPLADY
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Joined: 07 Feb 2007
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| Posted: Wed Feb 28, 2007 9:36 pm Subject: |
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yes they are private loans used to cover expenses while I was in school and also to pay whatever financial aid didn't cover.
They should have my phone number as they have called a couple times in the past but never left messages. Plus when I filled out the loan forms, I did use my phone number. They definately have my address since I do get the bill in the mail (when they actually send one)
And I do understand that my dad is also responsible since he co-signed. However it just baffles me that the phone calls start if i'm so much as a day late. And also that they make no attempt to call me.
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drjonah
Joined: 22 Feb 2007
Posts: 103
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| Posted: Thu Mar 01, 2007 6:12 am Subject: |
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Private student loans have a higher rate of default than regular student loans so it just sounds like your lender is being proactive in default prevention.
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SOAPLADY
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