Why not Sallie Mae Loans?

Question

If you choose Sallie Mae as your lender they will hunt you down like a dog for their money. They will call your house 8 to 15 times a day for as long as you owe them. If you want to transfer to another lender, the new lender does not want to deal with Sallie Mae because they do not allow you to leave them and they have the rights by law. Spread the word their are a very bad lender and you will have no rights in court if you want to sue them. Sallie Mae is well protected by the big dogs. My advise to anyone reading this is to avoid Sallie Mae loans. Make sure the next lender does not affiliate with Sallie Mae. I know many people who are trapped by Sallie Mae. Share your experiences to others can learn from this note.

Answer 1

Best Answer - Chosen by Asker

I have a Sallie Mae loan and you absolutley right, they will not Allow you to consolidate they call you every 10 minutes it's retarded. I really wish I would have never got a loan through them.

Asker's Rating:

Asker's Comment:

Glad to know I'm not the only one having problems with this company. I'm sure they are many more like us. Thanks!

Answer 2

I got behind and they were calling me about 8 times a day from 8:00 AM to 9: PM

Answer 3

Of course they will "hunt you down"...Anyone will if you owe them money. I didn't have any problems when I used Sallie Mae. But I paid when I was supposed to pay. There are a lot of people that run & try to hide when it comes to paying THEIR bills..They'll find them people..Student loans is one thing you don't want to default on. That is one thing they don't let you file bankruptcy on. You have a lot of options w/Sallie Mae to help if you aren't able to make your payments & they do allow you to consolidate. Just look at smartloan.com..I think you would find that all lenders that do student loans will try to collect the money in the same way that Sallie Mae does. You can try to avoid them all you want but their just trying to keep you from going into default. Once that happens you'll have no choice but to pay or the gov't will just take the money from your tax checks, pay checks or however they can get it.