ED Magedson – Founder
Educational Credit Management CorporationLockbox 8639, PO Box 16478 St. Paul, Minnesota USA
Educational Credit Management Corporation ECMC Unfair, Deceptive Business Practices St. Paul Minnesota
While under bankruptcy, ECMC collected fines and an interest rate of 30%. Instead of these monies going towards the principal of the loan. They continue to do so this day. I was discharged in January, 2014. Ongoing payments are still not going towards the principal.
According to the Discharge from Bankruptcy, 0.00 went towards interest. Why are they allowed to continue to do this?
This report was posted on Ripoff Report on 02/27/2014 11:20 AM and is a permanent record located here: http://www.ripoffreport.com/r/Educational-Credit-Management-Corporation/St-Paul-Minnesota-55116/Educational-Credit-Management-Corporation-ECMC-Unfair-Deceptive-Business-Practices-St-P-1127001. 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.
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