sallie mae has screwed my boyfriend over big time. they kicked him out of school when they wanted their money at the end of the first year. he went to Brooks Art Institute in CA where they encouraged him to take out a 40, 000 loan for Sallie Mae. (for 1 year!) obviously he didn't graduate and now they somehow expect him to pay $500 monthly which is practically impossible to manage that payment without a degree. now his credit is screwed and he can't do anything. the state of CA has a class action suit against Brooks which involves how the school and sallie mae "jipped" students out of degrees and into debt. don't know what to think of this all? we have a baby on the way and there's no way we can buy a house now because of it. anyone have any advice on negotiating with sallie mae?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.