CWN ALERT: Sallie Mae Misrepresenting Status of Student Loan

[EyeCanC4Miles]

When you get a LAWSUIT together, COUNT ME IN. I hate Sallie Mae. Ever since my student loan got transferred to Sallie Mae, I haven't received a regular bill in the mail, and they are telling me my payments are late?? On top of that, they threatened me that they will report me to a collection agency.

If something isn't done soon, I will take action by any means against this greedy corporation. I wish they never got bailed out. They should have died.

[mlpdade]

Sallie Mae and this Student Loan debt crisis is taking this country (America) straight down the drain! Oh America, look what being greedy has gotten you. You put a rope around your neck to hang yourself.... smh.

[facelessstateofmind]

Google screw sallie mae and there is a site dedicated to fight back

[facelessstateofmind]

Sallie Mae is SCUM! STAY AWAY! They can garnish your wages, YOU CAN'T get out of these loans, not even in Bankruptcy! They own you and can get away with murder! PIGS! PIGS! PIGS! If you do not repay them before you die, they can garnish your estate! How can you sleep at night when American students are trying to better themselves? SHAME ON YOU SALLIE MAE!!!!

please also post on WAKE UP AMERICA private student loans SCAM!

[screwsalliemaedebt]

@facelessstateofmind You can beat them. You need to smart up to it. Of course this requires changing habits. Remember many illegal immigrants come here and work without credit or bank accounts and prosper, later they get handed green cards and all the illegal aspect is forgiven.  :-)

[EyeCanC4Miles]

@facelessstateofmind What is the name of the site to fight back against Sallie Mae?

[invisiblenomore]

Sallie Monster customer "service" reps are the most rudest nasty human beings on earth. its like they train them to laugh at the misfortune and dispair of others. WHY IS THIS ALLOWED GOVERNMENT AGENCIES AND REPS? Try calling one of their grossly incompetent customer service reps in another country on a bad connection and you cannot understand them when your ENTIRE LIFE is hanging on this loan industry. WHY IS THIS ALLOWED? HELLO CNN SOMEONE RUN A STORY ON THIS NOW. SALLIE MONSTER U SUCK.

[invisiblenomore]

Sallie Mae lies all of the time..and they sell you fake loans and change the names of them and lie. They try to say you owe when you are in deferrment. WHEN WILL OBAMA DO SOMETHING ABOUT SALLIE MAE? WHEN WILL CONGRESS DO SOMETHING ABOUT SALLIE MAE? STOP TAKING MONEY FROM SALLIE MONSTER LEGISLATORS OR YOU ARE RUINING STUDENTS. Sallie Mae should not be in business and ANYONE WHO WORKS FOR THEM SHOULD QUIT OR YOU SUCK TOO.

[callouschristian]

This is economic terrorism made legal by the bribed politicians....john boehner and mitch mcconnell, "less government fiscally responsible" liars who have once again orchestrated a barely legal takeover of our government and lives.

[Braveslion]

@callouschristian haha... Look up Chris Dodd, Lmfao keep drinking the left's coolaid

[psbjr]

@Braveslion both sides sell kool aid, they're all bought and paid for by the finance industry. They're in business to rip you off, and business is good.

[Iam4armalitem15]

Sallie Mae doesn't care guys about your situation. Sallie Mae no matter what you do to make your payments affordable with Sallie Mae. The rep you talk to are going to ignore you. Why, you ask because they care only about moving your paper work through their system. Once your loan moves through and they finally get you to default they go to the federal gov't get rembursed while still collecting from you. It is all about pushing the paper work through the system and getting the money back.

[Quixotepr]

Only 1 million of people affected by their own incompetence? Like Mr. A. Lord,SLM Executive Officer, said that mistakes only account for 10 percent of all their accounts. Wow! I wonder if any other company be it MacDonalds, Ford, Kmart or Chase would consider one million people a minor mistake. They would had been out of business a long time ago. But then again we are talking about Sallie Mae, the champion of loan sharking and federally funded student loans with

no sense of responsibility.

[slickreddish]

These are the kind of people who don't know how to read terms and conditions whenever they apply for a specific loan and blame it to the company. Daym.

[callouschristian]

@slickreddish "Daym".....you are lauding for the criminal known as Sallie Mae. You advocate for liars and wonder why you're hated. "DAYM" you suck.

[lordblazer]

@slickreddish

ummm I think it wouldn't be on this channel if it was simply just that.. There is a reason why the federal gov't now handles student loans directly.. There was a lot of fraud going on with student loans. Its illegal to handle federal funds the way Sallie Mae did.

[HealingVibrations]

I was kicked out of grad school for taking a drug test and the drug that came up was a prescribed medication that i had the prescription for. I showed the director of my program the physicians script and he said that I still could not graduate because of this. So now I have 60,000 in debt and no degree. I tried to sue the school but the judge threw the case out before it could come to a trial. What should I do? The school got the money, denied me education, and Im stuck holding the bag.

[pogijuice9061]

lol I've seen many that do not pay their bills, I dont feel sorry due to they should be watching their credit reports.

[JGSventek]

Sallie Mae's public relations and agents constantly troll message boards, youtube videos, and work very hard to discount anything that is considered negative to their collective greed. Don't be fooled by their predatory practices that spill over from the phone to the internet. They are a vile corporation and pray on people who are only trying to better their life. Colleges and universities are in on it as are people who look to profit from high interest (impossible to pay back) loans.

[Xtremelyopinionated]

You can't skip a few payments, then make an arrangement and expect for it to not impact your credit. If you wanna avoid negitive impact to your credit and you are stuggling with your bills, be procative. That should be your first thought anyway if you are truly thinking about your credit.

[mharrison9]

I think we should take Sallea Mae to the court.

[chicagoblaze211]

they demanding me to pay tem 600 dollars that i dont have in one day,so the call just to treath,they can kiss my nuts

[MrOldSlacker]

Stay away from Sallie Mae. They are the biggest scumbags. They are vile filth.

[callouschristian]

Unfortunately, writing congress is useless because they're in on the scam. Kennedy was the only one who came close and he is gone. Our government has colluded in ripping off Americans and all their hands are dirty dirty dirty!

[girbaudFrench]

OW MY GOODNESS! THE PERSON TALKING IS SO STUPID!! for salliemae! THE CONSUMER REPORTING AGENCY IS THE ONE FURNISHING THE CREDIT INFORMATION OF THEIR BORROWERS!NOT SALLIEMAE!... ITS NOT SALLIEMAE WHO IS ADVISING THE CONSUMER REPORTING AGENCY ABOUT THE CREDIT INFORMATION OF THEIR BORROWERS, THEY DONT NEED TO DO THAT! BECAUSE THE CONSUMER REPORTING AGENCY KNOWS EXACTLY HOW AWFUL THE CREDIT INFORMATION OF THE BORROWER IS. STUPID!

[sandroeleven]

He never said they do

[girbaudFrench]

@sandroeleven thats why im explaining..

[CrossoverManiac]

The heads of Sallie Mae are multi-millionaire parasites living off the hard work and sweat of millions of students. They don't deserve that. They deserve to be cellmates with Bernie Madoff.

[thebookwormh2o]

Looks like financially, both Sallie Mae and ITT Tech will be f&(*in' me up in the ass, because of an OVERPRICED, SOME LAZY-ASS CLASSES, SCAM EDUCATION I've been receiving!!! WAAAAWAAA!!! No girls for me!!

[bretthook]

this doesnt even make sense pay your bill and you wont be reported end of story

[sandroeleven]

you will be if the status is misrep.

[Ihatesalliemaedotcom]

I hate Sallie Mae!!! Post your horror stories on my website so we can inform people and not have them ruin their life by using Sallie Mae.

[KBadtower]

I see a lot of complaining and accusations, but no proof nor alternative solutions.

[cynthiathompson]

sallie mae needs to fail and their corporate executives should be executed.

[Mirthless79]

Ive learned to stay away from these "For-Profit" schools..just Wiki the school you want to attend...oh and did I mention they confuse you on what nation/state accrediation are?

[Mirthless79]

Once your behind too long the Lenders can take ANY State or federal Licenses earned PRIOR to going to college; for back payment! America wake the fuck up, and KNOW WHO YOU PUT IN OFFICE!!!

[waverly2468]

Many victims of Sallie Mae will never be able to retire. Now it looks like a lot of Sallie Mae employees won't be able to either, if they invested their 401K's in their company's stock. Sallie Mae (SLM) is down to 10 from a high of 60 just two years ago. That is so COOL!!!

[mrshil78]

just wondering if any of these delinquent student loan holders have just considered sticking to their agreement with salliemae (the ones who made it possible for them to have the funding to go to school) to repay the loan???!!!!

[pogijuice9061]

i agree. They need to have proof of their statements and the contracts shows this. Alot students when they leave college they dont even pay it back. and by the way credit score 10 points that inaccurate info..!

[Graham7720]

Sallie Mae are insidious, manipulative and crooked.

[randompal]

if you have looming student loans here is your solution: register for Peace Corps service thereby deferring your student loan, then after your 2 year term is up, simply re register for another tour of duty. Keep deferring until you find a nice warm country to disappear to...

[danieljval]

awesome, i was thinking about joining the peace corps...its so funny you say that, ha!

[randompal]

it's a no-brainer

[thebookwormh2o]

They rejected my application til 2010! Well until then.........

[imajica77]

thank god I live in Australia - I finished with a B.A. (hons) Dip. Ed PhD - a 7 year doctorate degree and all it cost me was $17,000 - the interest rate is only 3% a year - and we have free healthcare - The U.S. has got it all wrong - it should help its citizens

[0k0t0]

DO NOT GET A LOAN FROM SALLIE MAE! Their interest rates are crazy and their repayment plans are crazy! I had to seek legal advise to see what my options are. I was advised that they should be penalized for their actions! $500 per violation! I have it all on tape!

[uncoverbrother]

@imajica77 there are many here who agree with that.

[cessnapilot86]

@imajica77 Austrailia doesn't sound so bad. Maybe I'll make a move.

[KRSchannel]

@imajica77 I am going to move to Australia to finish my school.

[DJAnihilist]

You should personally explain, with precision, the dense jargon in the majority of those documents that most 18 year olds are not familiar with.

[anooseholay]

As bad as these predatory student loan companies are how come no one is screaming about the ridiculous cost of the education in the first place. The problem isn't the loan sharks, it's the colleges and universities that are charging so much for education. Stop fixing the wrong problem people, or at least start fixing the bigger of two evils first.

[joeyprerunner]

They are ruining me, and soooo many other people. It is sad that we did everything we were told all our lives to achieve the "American dream" and now they are robbing us. They want $2000 a month from me, after paying interest over the life of my loan, I will have payed a grand total of $450,000 on a $120,000 loan. They are loan sharks. Private student loan lending is known as the Wild West of lending now, and it fits so good.

[hypemuch]

F__K sallie mae

[Blueshark1982]

I feel like Sallie Mae are trying to hurt America.

[barbcinque]

I mean honestly we took out loans in order to become productive parts of society. How is that if I had spent tens of thousands to buy material crap I could file for bankruptcy or offer a settlement. The only debt I have is student loans and its ruined my credit and they even tracked me down at the hospital where I was very ill for several months and harrassed me. Rude and nast, predatory and disgusting. Where is democracy and freedom?

[barbcinque]

I just got off the phone with sallie mother*&%$% and I had a hell of a time trying to get the amount of interest I owe over the principal. They are rude and nasty and refuse to negotiate anything. My loan is for 40 grand and to date I owe 85grand and counting. Why are there no organized students fighting this sort of corruption? I am a teacher and do not make enough money to pay back the interest heavy loans I have.

[blackout513]

only a million lol.

[spez1989]

I took out a 22,000 dollar loan by the time i finish paying back that loan the intest on that 22,000 dollar loan will be 86,000 dollars and they didn't tell me that until after i signed the promisory note then they added a 6 percent supplemental intrest fee after i signed the promisory note it was 8.5% then they added 6% they are charging a student 14% intrest for school. Fuck Sallie they do not care about students they just want to manipulate them and collect on the students mistakes.

[lividmany]

Get your facts straight: we repaid a number of these loans and Sallie Mae sent us a new payment book with the remaining loans listed at a new, higher interest rate. SALLIE MAE IS SIMPLY ANOTHER JEWISH RUN GANGSTER CRIMINAL ORGANIZATION TO PREY UPON UNSUSPECTING PEOPLE...

[JoM80]

Get your facts right. Sallie Mae did not report delinquency to Credit Bureau intentionally. It was due to erroneous coding by someone who works at Sallie Mae. By the way I work there and this has been almost immediately fixed. Everyone makes errors.

[zethris]

How about you get your facts right. You perpetuate a company that is hurting thousands of people. You are nothing more than a obsequious little worm from your association by it. That is your character in a nutshell. So, you can shill and troll all you want, you work for and are part of a company that is part of the larger machine that is killing America. You, are the real terrorists.

[potemkinworld]

Sallie Mae!  You should be Ashamed

[jhnsvideo]

Unbelievable! Talk about kicking the kids while they're down...