• Report: #854476
Complaint Review:

General Revenue Corporation

  • Submitted: Thu, March 15, 2012
  • Updated: Thu, March 15, 2012

  • Reported By: frustratedinflorida — melbourne Florida United States of America
General Revenue Corporation
11100 USA Parkway Fishers, Indiana United States of America

General Revenue Corporation Usurer business Fishers, Indiana

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My daughter moved to Europe right after college and because of communication problems, her student loans were turned over to GRC. On top of the regular 6.8% interest rate, GRC is charging 19.5% for the first 9 months of rehabilitation, after which they are lowering it to 18.5% for the reminder of the loan. How can they legally get away with it?This is usury! A person has a hard time making payments due to low income and to"help them out" they are charged almost 20% interest?

This report was posted on Ripoff Report on 03/15/2012 04:12 PM and is a permanent record located here: http://www.ripoffreport.com/reports/general-revenue-corporation/fishers-indiana-/general-revenue-corporation-usurer-business-fishers-indiana-854476. 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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