- Report: #268843
Report - Rebuttal - Arbitrate
Complaint Review: AES - American Education Services
AES - American Education ServicesPO Box 2461 Harrisburg, Pennsylvania U.S.A.
AES - American Education Services They said, "You should have shopped around!" Harrisburg Pennsylvania
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
One month later, when my first bill arrived, my interest rate had gone up to 9.8%! The payment due was TEN TIMES the amount that I had been told I would be paying. When I called Bank One, they said the loan had been sold to AES. I called them, and they told me that there was no cap on my interest rate and that it was going to adjust quarterly.
I asked if I could defer my payments, and the woman I spoke with told me it was too late and that I could not refinance, and could not prepay the loan in full without penalty.
I told her this was not the loan I had signed on for, and she told me that I "should have shopped around a little more".
When I asked for a signed copy of my Note agreement, all they sent me was an UNSIGNED copy of a Note Disclosure Statement (not what I asked for at all) with a breakdown of my loan payment options at an interest rate of 9.8%.
Now I am going to end up paying $60k on a $23k loan that only bought me six months of full-time classes at a community college.
I can no longer afford to take any more classes; my time is spent working to try and pay down this ridiculous loan.
This report was posted on Ripoff Report on 08/20/2007 12:59 PM and is a permanent record located here: http://www.ripoffreport.com/r/AES-American-Education-Services/Harrisburg-Pennsylvania-17105-2461/AES-American-Education-Services-They-said-You-should-have-shopped-around-Harrisburg-268843. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.
Advertisers above have met our
strict standards for business conduct.