Florida dept of education
Florida dept edu po box 277412 atlanta georgia 30384 student loan ripoffs

Ok i was in default on my student loans from one federal student loan company (fannie may)
i had set up a deferment with them and later a foreberence as i was not working.

One after noon i recieve a phone call from a guy telling me he can help me with my current student loan situation and can reduce the amount of money i am paying. I explained to him i was in foreberence and was not able to make my payments he said no problem i will check with my supervisors ans find out if we can do something for you anyway andwhat would be a good time to call me later. I said i am not working and am home recovering from a motorcycle accident. He said oh so any time after 12 should be fine right i said i guess. He then called me like twn or twelve more times over the next 3 months. Finaly i said how can you lower my payments when i am not able to make payments and have just filed a new foreberence. He said we will take over your loan and payments can be differed and it will cost you less money overall. So i asked him to explain. He said let me put my manager on the phone i said ok sure. He then put someone else on phone. After talking with him and doing a few calculator additions i figured out the pay back was going to twice as much as the original loans pay back i said no way and hung up phone.

About two weeks later i recieved a statement from florida dept of edu that they just purchaced my loan and wanted 1st payment. I called the number that was provided on letter and was told it was set up by my request and i had to make my payments. When i told the lady i was unable to work and was allready in foreberance she said to bad you should have not taken this loan then and hung up. I called back again got someoneelse and was told i could not file anything yet as loan was too new ok. A few years went by and now loan was sent to a collection agency called dcs whome sent me letters and stuff another yea and a half went by and some one from a company called allied interstate called me and instead of threatining me they tried to work with me. I was making payments of 50 dollars for about 8 months.

One day i get a new letter from a company called edfinancial who just bought my loan and now want payments of 94 thouasnd dollars for repayment this does not seem fair to me. I would be happy to repay my original loan but i do not feel it should cost me 4 times as much and i dont think these companys should resell my loan with out my approval. If anyone has any suggestion or help i would apprediate it i just dont know what to do. Its verry frustrating

Company: Florida dept of education
Country: USA
State: Florida
City: Tallahassee
Address: po box 7019
Phone: 18003663475

  <     >