- Report: #423294
Report - Rebuttal - Arbitrate
Complaint Review: Sallie-Mae General Revenue Corp
Sallie-Mae General Revenue CorpCincinnati, Ohio wilmington, Delaware U.S.A.
SALLIE MAE - GENERAL REVENUE CORP - LOAN SCAM Cincinnati Ohio
*Consumer Suggestion: ladyirish
*UPDATE EX-employee responds: Sorry, but it's not illegal
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Secondly, I determined they are charging me 26% interest!
I have written to the US dept of education and they tell me the loan must stay at the original interest rate unless a court changes the rate. There was never any court involved. They are also charging me close to $5,000 in collection fees! I understand from the Dept of Education they can charge fees BUT how can they justify that amount of fees when there was not attorney involved - nothing.
Basically Sallie Mae dumped me to General Credit (again Sallie mae owns them) and now I am paying HUGE interest AND my loans will never be paid off. When they tossed me into default my credit was DESTROYED. I also read you can rehabilitate but you have to pay 9 consecutive payments and you CANNOT include the wage attachment - how can I afford that? I am sending documentation to Sallie Mae, General Credit, my former senator (VP Joseph Biden, my Congressman Mike Castle and Senator Carper) What they have done to me is illegal.
This report was posted on Ripoff Report on 02/12/2009 09:49 AM and is a permanent record located here: http://www.ripoffreport.com/r/Sallie-Mae-General-Revenue-Corp/wilmington-Delaware-19701/SALLIE-MAE-GENERAL-REVENUE-CORP-LOAN-SCAM-Cincinnati-Ohio-423294. 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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