Sallie Mae
Loan Split to Second Servicer Without Notice, Now Two Monthly Payments

I have a student loan with Sallie Mae. I gave them the authorization to withdraw the monthly payments from my checking account. They were not satisfied. I received a call from them out of the blew indicating that I was in default. I said to myself that this could not be because my bank statements do not reflect that, only to discover that they sold some of the student loan to Sallie Mae Education, so now I have two monthly payments instead of one. They have my personal email address and home address; I never received any notice regarding the change. After reading various comments, it is clear that they just wanted me to default on the loan they sold to Sallie Mae Education (they are on the same site), so that way they can increase my interest rate. What a fraudulent business scheme. Shame on you Sallie Mae! I have a son who will be entering college soon and I will make sure that he doesn't get a loan from Sallie Mae. That company is truly a scammer.

Company: Sallie Mae
Country: USA
State: North Carolina

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