• Report: #995646

Complaint Review: Performant Recovery

  • Submitted: Sat, January 12, 2013
  • Updated: Sat, January 12, 2013

  • Reported By: Paula — Alexander Arkansas United States of America
Performant Recovery
Alexander, Arkansas United States of America

Performant Recovery Demanding a hugh payment for a past due student loan. Alexander, Arkansas

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

I received a call from an agent of Performant Recovery at work yesterday (01/11/2013) regarding a student loan that I co-signed for.  It was for my daughter's nursing school.  They told me that since she had defaulted on the loan, they expected me to pay the loan in full by 01/15/2013 in the amount of $22,797.13.   I explaine that I would consult with my daughter about this and they told me that it was no longer her responsibility, it was mine since I co-signed for it.

I had my daugther call this agent and she was informed that if we pay $18,000 by Tuesday (01/15/2013), they would erase the debt from our credit report.  Failing being able to pay the $18,000., we could pay $11,000.00 and start making payment of $220.00 monthly with an escalting interest rate that would continue for an extended amount of time. Like we would never pay off this debt.

Now, I am about 2 years away from retirement and I am not able to come up with either amount they are requesting.  If I take any money out of my retirement fund, I will only hurt myself in the future. I am concerned that they are going to garnish my pay, or take my income tax refund if I don't comply with their demands.  Do I have any recourse??


This report was posted on Ripoff Report on 01/12/2013 10:14 AM and is a permanent record located here: http://www.ripoffreport.com/r/Performant-Recovery/Alexander-Arkansas-72002/Performant-Recovery-Demanding-a-hugh-payment-for-a-past-due-student-loan-Alexander-Arka-995646. 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.

Click Here to read other Ripoff Reports on Performant Recovery

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?