How do I verify loan amount

[debt_ridden]

ok, i'm a success story with rehab and ombudsman but here's another piece to the puzzle.

 

How do i verify my true loan balance? I told ombudsman my concern, she requested promissory notes, SallieMae sent them but they are so poorly copied, I can't make out anything but my signature and dates. Can't read account numbers consolidated or amounts.

 

This is an issue for me because according to them in 1992 I consolidated into 2 loans. One for 33,307.23 cents and one for 33,307.32 cents.

 

Now they are amortized to over 100k combined.

 

Why would i do that? Why consolidate into 2 loans? Why would they only be off by cents? Is it possible that there's a glitch somewhere at Sallie Mae and I only owe one consolidated loan? How can i get them to verify?

 

I sent letter to ombudsman, which she faxed to USAF with same questions. They ignored that question and dealt with the rehab payment amount.

 

Thanks for help.

[LynnInMN]

http://www.nslds.ed.gov/

 

Did you actually do a consolidated loan?? I take it now you are in default since you are dealing with USAF. Have you asked them for an accounting??

[Pavlov]

Seems pretty obvious someone transposed the last two digits. Are the account numbers showing different?

[debt_ridden]

I am in default. I spoke to a rep today at USAF/Sallie Mae who can see some of the disbursement amounts, but not the actual promissory notes. She believes the loans are valid. I consolidated but she states that in '94 the computers couldn't handle one consolidated loan that would grow to over 100k, so they broke it in half with a .01 cent difference.

[LynnInMN]

I am in default. I spoke to a rep today at USAF/Sallie Mae who can see some of the disbursement amounts, but not the actual promissory notes. She believes the loans are valid. I consolidated but she states that in '94 the computers couldn't handle one consolidated loan that would grow to over 100k, so they broke it in half with a .01 cent difference.

 

That is a crock! Loans over $100k were not uncommon, even in 94! You signed a consolidated loan which is one loan...they cannot report 2 trade lines because their computer system sucked!!

[Illgetthereoneday]

Funny thing (not really) same thing is happening to me with my loan and my loan is for only 1200 (rough figure) and they are saying I owe around 3000----- for two loans---both just a few cent differance. They also sent me the same thing and I could not make anything out of it either (blurred). It has been in default for a long time (lil over 10 years) so I really cant remember much about it but I am pretty sure I am correct on the one loan, not two. What can be done about this, seeing now that I want to take care of it...have you had any luck??

[LynnInMN]

Funny thing (not really) same thing is happening to me with my loan and my loan is for only 1200 (rough figure) and they are saying I owe around 3000----- for two loans---both just a few cent differance. They also sent me the same thing and I could not make anything out of it either (blurred). It has been in default for a long time (lil over 10 years) so I really cant remember much about it but I am pretty sure I am correct on the one loan, not two. What can be done about this, seeing now that I want to take care of it...have you had any luck??

 

 

A single prom note often equates to 2 dispersments which often reports as 2 loans, since they are given out on seperate dates. A loan of $1200 in default can easily become $3000 after 10 years in default.