Posts tagged Student

Question by Seitenthia:
Are there any real legitimate Student Loan Consolidation Agencies out there with a real history?
I recently found out that I had a student loan in default with judgment. I thought that this was taken care of in an earlier consolidation agreement and that my last payment was finished back in 2007 for a different loan.
It is 2010 and I applied for college. Low and behold there was a very old loan, that apparently for some reason was absolutely over looked by both the say and the IRS and as I had received my letter stating I was paid in full with no further contact for years, I thought that my loan days where behind me . Regardless, I now have a student loan in default.
I contacted ECMC and there sub contractor, Premier Credit to find out what could be done and how this might have happened. I was basically shut down and simply told that it was not there concern and to pay my bill. I absolutely dislike both companies immensely, however, they stated I had no choice but to work with them… and as I wanted to go to College, I orally complied. I decided to make two good faith payments but did not sign there documents. It was only after reading about there reputations, in regards to both Companies and there practices, that I decided it might be superior all together to consolidate my loan absolutely outside of either company and try to finish working with the William D. Ford Direct Loan Program without placing these two companies anywhere in my future program or re-payment.

Since then, I have been looking for a real Consolidation Company that has a real history, a real background and something tangible that is not going to cost me $ 500.00 in up front fees. I know consolidation companies have there fees and I do not mind that but really need your help in finding an actual real Company.

Each of the Establishments I have researched has come up with no background, there BBB pages claiming the official stance and stating, that the most noted sites on the world wide web for handling such affairs are ” not an accredited member of the BBB ” – most of these sites I found are coming out of Florida and having no legitimate history… at all. Nothing short of there site and I can’t even confirm or find one legitimate actual real company, that I feel comfortable working with.

Does anyone have a good experience with a Defaulted Student Loan Consolidation Company ~that can write in and tell me about there experience and/ or a good company that I can trust with my finances?

Does anyone out there know of any way, I can get rid of ECMC ‘s claims that if I want to be out of default that I specifically – ” HAVE TO SIGN WITH THEM “~ any ideas? I do not mind paying back my loan but I just do not want those Companies involved. If anyone has worked with ECMC before and has a good / bad response, please feel free to tell me.

I would love to hear all of your comments… thank you.

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