Sallie Mae
Interest Calculation Makes Cosigned Loan Impossible To Pay Off
- 06-18-2012
- 7
This company is nothing other than a glorified loan shark with interest rates. There is little chance you can pay them off due to the way they calculate interest. My daughter has a loan I cosigned on that has an 11.875% interest rate. Ridiculous in today's market.
No matter how many times I have attempted to pay this loan off they still have some residual interest or administrative charge. This is truly criminal.
Company: Sallie Mae
Country: USA