Sallie Mae Nightmare!
Date: Wed, 05/16/2012 - 00:42
Hi there! New to the board here and had a very urgent question:
Is there any help with Sallie Mae Loans? I was enrolled into a program at the new year and just today they tell me it was an "error" and say I am 6 months behind and they will default! I am trying to pay my debt and eat still eat is all--no lofty dreams.
I am severely underemployed--(I have my foot in the door with a decent employer, but its only partime at this point)looking for more work and can't afford much---at this point anything over the $50.00 month graduate payment program I thought I was in will eat into my grocery money (and I'm already living on ramen and peanut butter)or gas money (there isnt a well established transit system where I live or work).
Sallie Mae says I have used all my forbearnce and deferment but I just didnt think I'd be in this situation with over 25,000.00 in private loans breathing down my neck.
I just need a helping hand in this rough patch--I am not trying to duck out of the Loan.
I also filed a complaint with the CFPB [URL="http://www.consumerfinance.gov/"]http://www.consumerfinance.gov/[/URL] last month but that will take time so I am at a loss--what can I do?
I have had this company hovering around me since 2004---wish I had never gone to culinary school....
Is there any help with Sallie Mae Loans? I was enrolled into a program at the new year and just today they tell me it was an "error" and say I am 6 months behind and they will default! I am trying to pay my debt and eat still eat is all--no lofty dreams.
I am severely underemployed--(I have my foot in the door with a decent employer, but its only partime at this point)looking for more work and can't afford much---at this point anything over the $50.00 month graduate payment program I thought I was in will eat into my grocery money (and I'm already living on ramen and peanut butter)or gas money (there isnt a well established transit system where I live or work).
Sallie Mae says I have used all my forbearnce and deferment but I just didnt think I'd be in this situation with over 25,000.00 in private loans breathing down my neck.
I just need a helping hand in this rough patch--I am not trying to duck out of the Loan.
I also filed a complaint with the CFPB [URL="http://www.consumerfinance.gov/"]http://www.consumerfinance.gov/[/URL] last month but that will take time so I am at a loss--what can I do?
I have had this company hovering around me since 2004---wish I had never gone to culinary school....
This is the drawbacks of private loans...deferemnts and forebear
This is the drawbacks of private loans...deferemnts and forebearance are extremely limited and the payments are high. They are not federally based so you have no "rights" like federal loans offer. You either pay as agreed when you borrowed it or suffer the consequences. This is not meant to be cruel...this just is the way it is. They are doing nothing illegal so your complaint will go nowhere.
