Stafford Student Loan Dept
Date: Thu, 07/19/2012 - 17:39
Quote:I am being harrassed and being charged 30+% collection fee
Quote:
I am being harrassed and being charged 30+% collection fees while unemployed and I am trying to arrange for minimal payment in order to try to bring things in line, however, they will not work with me. |
How are they harassing you?? By calling you???
Your interest is accruing daily....collection fees are assessed by federal law. You cannot "bring things in line" by making minimal payments.
FYI...if you are unemployed they cannot garnish you. Consolidate you loans ASAP.
Direct Loan Consolidations
http://loanconsolidation.ed.gov/