OK, so we recently consolidated a bunch of school loans, one of which was in repayment.
So I made the last payment on it right before the other company paid it off, leaving me with around a $50 credit balance. I called them the other day to ask them if they send me a check or something, and they said they send it to the new lender?
Anyone know about this??
Full Version: Dumb question about over-paid student loan
QUOTE(CargoJon @ Jun 17 2006, 03:19 PM) 
OK, so we recently consolidated a bunch of school loans, one of which was in repayment.
So I made the last payment on it right before the other company paid it off, leaving me with around a $50 credit balance. I called them the other day to ask them if they send me a check or something, and they said they send it to the new lender?
Anyone know about this??
So I made the last payment on it right before the other company paid it off, leaving me with around a $50 credit balance. I called them the other day to ask them if they send me a check or something, and they said they send it to the new lender?
Anyone know about this??
Yes. This is a common occurance. Payments are always forwarded to the consolidator.
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