- Report: #195300
Report - Rebuttal - Arbitrate
Complaint Review: Educational Credit Management Corporation, ECMC
Educational Credit Management Corporation, ECMCP. O. Box 64909, St Paul, Minnesota U.S.A.
Educational Credit Management Corporation, ECMC is a Total Scam and Preys on Unsuspecting Students With Illegal Interest, Ripoff!! St Paul Minnesota
*Consumer Comment: I don't think you understood the Bankruptcy
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
They refused to help me, and since then I find I was eligible for a waiver of the loan due to my being a Special Education Teacher. No one ever told me of this option. When I went into default, I filed a Chapter 7 Bankruptcy in July 2006 and all outstanding bills were discharged, including the Student Loans.
Approximately 3 years later, the ECMC began harrassing me again, so I filed a Chapter 13 Bankruptcy. The forced me to file 2 bankruptcies for the same problem. A plan for repayment was set up and I repaid it in full in June 2004.
It was discharged in July 2004, and I was informed that my loans were now paid in full. I repaid over $18,000, plus payments I made prior to the bankruptcies. I have found since then that the ECMC did not honor the bankruptcy and added interest and penalties during this time.
They are now threatening garnishee of my wages. I do not believe that I owe them any further money (they now say I owe them over $23,000...more money than I borrowed in the first place even though I have repaid the amount originally owed in full.
This group is totally acting in an illegal manner. How can you possibly repay them when they continue to add additional interest and penalties whenever you are paying them. I need help as soon as possible, and I'm sure others have had the same terrible problem...HELP...
This report was posted on Ripoff Report on 06/07/2006 04:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/Educational-Credit-Management-Corporation-ECMC/St-Paul-Minnesota-55164-0909/Educational-Credit-Management-Corporation-ECMC-is-a-Total-Scam-and-Preys-on-Unsuspecting-195300. 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.