Sallie-Mae General Revenue Corp
Sallie mae - general revenue corp - loan scam cincinnati ohio

My student loan was originally with Sallie Mae.in 2007 I supposedly went into default. Sallie Mae presented me with paperwork to sign and said my loand was in default. They garnished my wages for $340 a month about a year ago. It was not until I got my 1098 this year showing how much interest I paid and I began to dig deeply into my student loan that I saw that Sallie Mae turned the loan over to General Revenue Corp which is a collection agency OWNED BY SALLIE MAE. This is wrong.
Secondly, I determined they are charging me 26% interest!

I have written to the US dept of education and they tell me the loan must stay at the original interest rate unless a court changes the rate. There was never any court involved. They are also charging me close to $5,000 in collection fees! I understand from the Dept of Education they can charge fees BUT how can they justify that amount of fees when there was not attorney involved - nothing.

Basically Sallie Mae dumped me to General Credit (again Sallie mae owns them) and now I am paying HUGE interest AND my loans will never be paid off. When they tossed me into default my credit was DESTROYED. I also read you can rehabilitate but you have to pay 9 consecutive payments and you CANNOT include the wage attachment - how can I afford that? I am sending documentation to Sallie Mae, General Credit, my former senator (VP Joseph Biden, my Congressman Mike Castle and Senator Carper) What they have done to me is illegal.

Company: Sallie-Mae General Revenue Corp
Country: USA
State: Delaware
City: Wilmington
Address: Cincinnati, Ohio

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