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CWN ALERT: Sallie Mae Misrepresenting Status of Student Loan

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Uploaded by on May 15, 2008

http://consumerwarningnetwork.com has the details: Instead of helping people achieve their dreams of using education to better their lives, Sallie Mae, America's largest college student loan corporation, is apparently doing what it can to destroy those dreams through misrepresentation and manipulation. Students are seeing their FICO scores drop as much as 130 points when recent credit reports are pulled.

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  • 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

  • F__K sallie mae

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

  • 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.

  • @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. :-)

  • 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.

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

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

  • 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!

  • 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.

  • 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.

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