Okay, I allegedly have THREE student loans, showing as SIX separate loans on my CR.
Three of them are listed with Collegiate Funding Services
*ALL of these say "claim filed with government"*
1- opened 7-1991 $533
2- opened 7-1991 $533
3- opened 7-1991 $1313
Three are listed with ECMC (Chase JP Morgan)
1- opened 8-2007 $3466
2- opened 8-2007 $1410
3- opened 8-2007 $1410
Although it appears CFS was the OC, I don't believe they were. I believe, upon applying for financial aid, I received a Pell grant or two, I believe there was a Stafford loan and something else (it was, after all, FOREVER ago)!
I tried to check the financial aid database, however, I don't have a PIN; therefore, I emailed them about obtaining a PIN.
Here's the issue:
I've tried to dispute these for YEARS, because I only received/signed TWO checks...I've asked for proof of my endorsement on the check and what I received was a BAD photo copy of a piece of paper SHAPED like a check, no copy of the front, nothing on the "back" but MY name NOT my signature, written by somebody other than myself.
After 1.5 semesters, I quit school because I literally was not being taught enough to make it worth the time to attend...the school was a joke. Subsequently, the school was disaccredited for theft of financial aid funds and shut down. For a couple of years, off and on, I spent hours & hours on the phone, trying to obtain information about the school, my records...anything, all to no avail.
A few years ago, I decided to bite the bullet and pay the loans, to get them off my back and off my CR so they wouldn't haunt me forever. I set up a rehab with the accounts holder at the time, which included dropping the interest and penalties & began making payments. After a year of on-time payments, they sold my account and the new lender tacked BACK ON all those fees and interest. I don't remember, at the moment, the specifics of the conversations I had with the new accounts owner, however, I know it was wholly unproductive, so I said *BLEEP* IT and stopped making payments, based on my feeling that they were in breach.
Basically, I know they've got me by the...well, you get the point...and I still want to be a homeowner one day, while I'm still young enough to enjoy my home with my children!!!
Any suggestions??? Thanks so much!!!
I emailed the ombudsman's office tonight, they say I'll hear from a "specialist" in 7-10 days...
Full Version: Screwed on SL Rehab...?
QUOTE (WhatzUrPlan @ Jul 7 2008, 12:09 AM) 
Okay, I allegedly have THREE student loans, showing as SIX separate loans on my CR.
Three of them are listed with Collegiate Funding Services
*ALL of these say "claim filed with government"*
1- opened 7-1991 $533
2- opened 7-1991 $533
3- opened 7-1991 $1313
Three are listed with ECMC (Chase JP Morgan)
1- opened 8-2007 $3466
2- opened 8-2007 $1410
3- opened 8-2007 $1410
Although it appears CFS was the OC, I don't believe they were. I believe, upon applying for financial aid, I received a Pell grant or two, I believe there was a Stafford loan and something else (it was, after all, FOREVER ago)!
These would be stafford loans. ECMC is not chase...it is a guarantee agency.
I tried to check the financial aid database, however, I don't have a PIN; therefore, I emailed them about obtaining a PIN.
Here's the issue:
I've tried to dispute these for YEARS, because I only received/signed TWO checks...I've asked for proof of my endorsement on the check and what I received was a BAD photo copy of a piece of paper SHAPED like a check, no copy of the front, nothing on the "back" but MY name NOT my signature, written by somebody other than myself.
The school has signing authority on the loan checks, thus they can cash the without your signature. Funds are applied to your student account.
After 1.5 semesters, I quit school because I literally was not being taught enough to make it worth the time to attend...the school was a joke. Subsequently, the school was disaccredited for theft of financial aid funds and shut down. For a couple of years, off and on, I spent hours & hours on the phone, trying to obtain information about the school, my records...anything, all to no avail.
A few years ago, I decided to bite the bullet and pay the loans, to get them off my back and off my CR so they wouldn't haunt me forever. I set up a rehab with the accounts holder at the time, which included dropping the interest and penalties & began making payments. After a year of on-time payments, they sold my account and the new lender tacked BACK ON all those fees and interest. I don't remember, at the moment, the specifics of the conversations I had with the new accounts owner, however, I know it was wholly unproductive, so I said *BLEEP* IT and stopped making payments, based on my feeling that they were in breach.
Rehab never drops interest and since you had a FFELP lender, neither are the collection costs. This is federal law.
Basically, I know they've got me by the...well, you get the point...and I still want to be a homeowner one day, while I'm still young enough to enjoy my home with my children!!!
Any suggestions??? Thanks so much!!!
I emailed the ombudsman's office tonight, they say I'll hear from a "specialist" in 7-10 days...
Three of them are listed with Collegiate Funding Services
*ALL of these say "claim filed with government"*
1- opened 7-1991 $533
2- opened 7-1991 $533
3- opened 7-1991 $1313
Three are listed with ECMC (Chase JP Morgan)
1- opened 8-2007 $3466
2- opened 8-2007 $1410
3- opened 8-2007 $1410
Although it appears CFS was the OC, I don't believe they were. I believe, upon applying for financial aid, I received a Pell grant or two, I believe there was a Stafford loan and something else (it was, after all, FOREVER ago)!
These would be stafford loans. ECMC is not chase...it is a guarantee agency.
I tried to check the financial aid database, however, I don't have a PIN; therefore, I emailed them about obtaining a PIN.
Here's the issue:
I've tried to dispute these for YEARS, because I only received/signed TWO checks...I've asked for proof of my endorsement on the check and what I received was a BAD photo copy of a piece of paper SHAPED like a check, no copy of the front, nothing on the "back" but MY name NOT my signature, written by somebody other than myself.
The school has signing authority on the loan checks, thus they can cash the without your signature. Funds are applied to your student account.
After 1.5 semesters, I quit school because I literally was not being taught enough to make it worth the time to attend...the school was a joke. Subsequently, the school was disaccredited for theft of financial aid funds and shut down. For a couple of years, off and on, I spent hours & hours on the phone, trying to obtain information about the school, my records...anything, all to no avail.
A few years ago, I decided to bite the bullet and pay the loans, to get them off my back and off my CR so they wouldn't haunt me forever. I set up a rehab with the accounts holder at the time, which included dropping the interest and penalties & began making payments. After a year of on-time payments, they sold my account and the new lender tacked BACK ON all those fees and interest. I don't remember, at the moment, the specifics of the conversations I had with the new accounts owner, however, I know it was wholly unproductive, so I said *BLEEP* IT and stopped making payments, based on my feeling that they were in breach.
Rehab never drops interest and since you had a FFELP lender, neither are the collection costs. This is federal law.
Basically, I know they've got me by the...well, you get the point...and I still want to be a homeowner one day, while I'm still young enough to enjoy my home with my children!!!
Any suggestions??? Thanks so much!!!
I emailed the ombudsman's office tonight, they say I'll hear from a "specialist" in 7-10 days...
QUOTE (LynnInMN @ Jul 7 2008, 08:14 AM)
QUOTE (WhatzUrPlan @ Jul 7 2008, 12:09 AM)
Okay, I allegedly have THREE student loans, showing as SIX separate loans on my CR.
Three of them are listed with Collegiate Funding Services
*ALL of these say "claim filed with government"*
1- opened 7-1991 $533
2- opened 7-1991 $533
3- opened 7-1991 $1313
Three are listed with ECMC (Chase JP Morgan)
1- opened 8-2007 $3466
2- opened 8-2007 $1410
3- opened 8-2007 $1410
Although it appears CFS was the OC, I don't believe they were. I believe, upon applying for financial aid, I received a Pell grant or two, I believe there was a Stafford loan and something else (it was, after all, FOREVER ago)!
These would be stafford loans. ECMC is not chase...it is a guarantee agency.
I tried to check the financial aid database, however, I don't have a PIN; therefore, I emailed them about obtaining a PIN.
Here's the issue:
I've tried to dispute these for YEARS, because I only received/signed TWO checks...I've asked for proof of my endorsement on the check and what I received was a BAD photo copy of a piece of paper SHAPED like a check, no copy of the front, nothing on the "back" but MY name NOT my signature, written by somebody other than myself.
The school has signing authority on the loan checks, thus they can cash the without your signature. Funds are applied to your student account.
After 1.5 semesters, I quit school because I literally was not being taught enough to make it worth the time to attend...the school was a joke. Subsequently, the school was disaccredited for theft of financial aid funds and shut down. For a couple of years, off and on, I spent hours & hours on the phone, trying to obtain information about the school, my records...anything, all to no avail.
A few years ago, I decided to bite the bullet and pay the loans, to get them off my back and off my CR so they wouldn't haunt me forever. I set up a rehab with the accounts holder at the time, which included dropping the interest and penalties & began making payments. After a year of on-time payments, they sold my account and the new lender tacked BACK ON all those fees and interest. I don't remember, at the moment, the specifics of the conversations I had with the new accounts owner, however, I know it was wholly unproductive, so I said *BLEEP* IT and stopped making payments, based on my feeling that they were in breach.
Rehab never drops interest and since you had a FFELP lender, neither are the collection costs. This is federal law.
Basically, I know they've got me by the...well, you get the point...and I still want to be a homeowner one day, while I'm still young enough to enjoy my home with my children!!!
Any suggestions??? Thanks so much!!!
I emailed the ombudsman's office tonight, they say I'll hear from a "specialist" in 7-10 days...
Three of them are listed with Collegiate Funding Services
*ALL of these say "claim filed with government"*
1- opened 7-1991 $533
2- opened 7-1991 $533
3- opened 7-1991 $1313
Three are listed with ECMC (Chase JP Morgan)
1- opened 8-2007 $3466
2- opened 8-2007 $1410
3- opened 8-2007 $1410
Although it appears CFS was the OC, I don't believe they were. I believe, upon applying for financial aid, I received a Pell grant or two, I believe there was a Stafford loan and something else (it was, after all, FOREVER ago)!
These would be stafford loans. ECMC is not chase...it is a guarantee agency.
I tried to check the financial aid database, however, I don't have a PIN; therefore, I emailed them about obtaining a PIN.
Here's the issue:
I've tried to dispute these for YEARS, because I only received/signed TWO checks...I've asked for proof of my endorsement on the check and what I received was a BAD photo copy of a piece of paper SHAPED like a check, no copy of the front, nothing on the "back" but MY name NOT my signature, written by somebody other than myself.
The school has signing authority on the loan checks, thus they can cash the without your signature. Funds are applied to your student account.
After 1.5 semesters, I quit school because I literally was not being taught enough to make it worth the time to attend...the school was a joke. Subsequently, the school was disaccredited for theft of financial aid funds and shut down. For a couple of years, off and on, I spent hours & hours on the phone, trying to obtain information about the school, my records...anything, all to no avail.
A few years ago, I decided to bite the bullet and pay the loans, to get them off my back and off my CR so they wouldn't haunt me forever. I set up a rehab with the accounts holder at the time, which included dropping the interest and penalties & began making payments. After a year of on-time payments, they sold my account and the new lender tacked BACK ON all those fees and interest. I don't remember, at the moment, the specifics of the conversations I had with the new accounts owner, however, I know it was wholly unproductive, so I said *BLEEP* IT and stopped making payments, based on my feeling that they were in breach.
Rehab never drops interest and since you had a FFELP lender, neither are the collection costs. This is federal law.
Basically, I know they've got me by the...well, you get the point...and I still want to be a homeowner one day, while I'm still young enough to enjoy my home with my children!!!
Any suggestions??? Thanks so much!!!
I emailed the ombudsman's office tonight, they say I'll hear from a "specialist" in 7-10 days...
Wow, so am I basically screwed???
I was never told the school had signing authority...the first checks that came in, they called me out of classes to sign.
Why is the second set listed "ECMC (Chase JP)" on my CRs? Is this b/c Chase owns them & ECMC guarantees them?
When I entered into the rehab, they told me they would drop the interest & penalties...what can I do about this, isn't it fraud? I hope I still have, and can find, the paperwork ~ we've moved cross-country since then!!!
Dammit I feel really dumb...is there ANYTHING that can be done???
Thank you so much for your help, LynnInMN!
bump
thanks for the bump 
QUOTE (WhatzUrPlan @ Jul 7 2008, 10:00 AM)
QUOTE (LynnInMN @ Jul 7 2008, 08:14 AM)
QUOTE (WhatzUrPlan @ Jul 7 2008, 12:09 AM)
Okay, I allegedly have THREE student loans, showing as SIX separate loans on my CR.
Three of them are listed with Collegiate Funding Services
*ALL of these say "claim filed with government"*
1- opened 7-1991 $533
2- opened 7-1991 $533
3- opened 7-1991 $1313
Three are listed with ECMC (Chase JP Morgan)
1- opened 8-2007 $3466
2- opened 8-2007 $1410
3- opened 8-2007 $1410
Although it appears CFS was the OC, I don't believe they were. I believe, upon applying for financial aid, I received a Pell grant or two, I believe there was a Stafford loan and something else (it was, after all, FOREVER ago)!
These would be stafford loans. ECMC is not chase...it is a guarantee agency.
I tried to check the financial aid database, however, I don't have a PIN; therefore, I emailed them about obtaining a PIN.
Here's the issue:
I've tried to dispute these for YEARS, because I only received/signed TWO checks...I've asked for proof of my endorsement on the check and what I received was a BAD photo copy of a piece of paper SHAPED like a check, no copy of the front, nothing on the "back" but MY name NOT my signature, written by somebody other than myself.
The school has signing authority on the loan checks, thus they can cash the without your signature. Funds are applied to your student account.
After 1.5 semesters, I quit school because I literally was not being taught enough to make it worth the time to attend...the school was a joke. Subsequently, the school was disaccredited for theft of financial aid funds and shut down. For a couple of years, off and on, I spent hours & hours on the phone, trying to obtain information about the school, my records...anything, all to no avail.
A few years ago, I decided to bite the bullet and pay the loans, to get them off my back and off my CR so they wouldn't haunt me forever. I set up a rehab with the accounts holder at the time, which included dropping the interest and penalties & began making payments. After a year of on-time payments, they sold my account and the new lender tacked BACK ON all those fees and interest. I don't remember, at the moment, the specifics of the conversations I had with the new accounts owner, however, I know it was wholly unproductive, so I said *BLEEP* IT and stopped making payments, based on my feeling that they were in breach.
Rehab never drops interest and since you had a FFELP lender, neither are the collection costs. This is federal law.
Basically, I know they've got me by the...well, you get the point...and I still want to be a homeowner one day, while I'm still young enough to enjoy my home with my children!!!
Any suggestions??? Thanks so much!!!
I emailed the ombudsman's office tonight, they say I'll hear from a "specialist" in 7-10 days...
Three of them are listed with Collegiate Funding Services
*ALL of these say "claim filed with government"*
1- opened 7-1991 $533
2- opened 7-1991 $533
3- opened 7-1991 $1313
Three are listed with ECMC (Chase JP Morgan)
1- opened 8-2007 $3466
2- opened 8-2007 $1410
3- opened 8-2007 $1410
Although it appears CFS was the OC, I don't believe they were. I believe, upon applying for financial aid, I received a Pell grant or two, I believe there was a Stafford loan and something else (it was, after all, FOREVER ago)!
These would be stafford loans. ECMC is not chase...it is a guarantee agency.
I tried to check the financial aid database, however, I don't have a PIN; therefore, I emailed them about obtaining a PIN.
Here's the issue:
I've tried to dispute these for YEARS, because I only received/signed TWO checks...I've asked for proof of my endorsement on the check and what I received was a BAD photo copy of a piece of paper SHAPED like a check, no copy of the front, nothing on the "back" but MY name NOT my signature, written by somebody other than myself.
The school has signing authority on the loan checks, thus they can cash the without your signature. Funds are applied to your student account.
After 1.5 semesters, I quit school because I literally was not being taught enough to make it worth the time to attend...the school was a joke. Subsequently, the school was disaccredited for theft of financial aid funds and shut down. For a couple of years, off and on, I spent hours & hours on the phone, trying to obtain information about the school, my records...anything, all to no avail.
A few years ago, I decided to bite the bullet and pay the loans, to get them off my back and off my CR so they wouldn't haunt me forever. I set up a rehab with the accounts holder at the time, which included dropping the interest and penalties & began making payments. After a year of on-time payments, they sold my account and the new lender tacked BACK ON all those fees and interest. I don't remember, at the moment, the specifics of the conversations I had with the new accounts owner, however, I know it was wholly unproductive, so I said *BLEEP* IT and stopped making payments, based on my feeling that they were in breach.
Rehab never drops interest and since you had a FFELP lender, neither are the collection costs. This is federal law.
Basically, I know they've got me by the...well, you get the point...and I still want to be a homeowner one day, while I'm still young enough to enjoy my home with my children!!!
Any suggestions??? Thanks so much!!!
I emailed the ombudsman's office tonight, they say I'll hear from a "specialist" in 7-10 days...
Wow, so am I basically screwed???
I was never told the school had signing authority...the first checks that came in, they called me out of classes to sign.
The checks are made payable to you and the school. They have the authority to cash. Now a days, when student loans pay out, they are transfered in bulk.....no individual checks anyore.
Why is the second set listed "ECMC (Chase JP)" on my CRs? Is this b/c Chase owns them & ECMC guarantees them?
About us
Founded in 1994, Educational Credit Management Corporation (ECMC), a nonprofit member of ECMC Group, is a national guaranty agency that insures loans under the Federal Family Education Loan (FFEL) Program. ECMC is committed to providing benefits, services, and products that really make a difference for our partners and the students they serve.
Additionally, ECMC services loans transferred from guarantee agencies nationwide where the borrower has filed bankruptcy.
When I entered into the rehab, they told me they would drop the interest & penalties...what can I do about this, isn't it fraud? I hope I still have, and can find, the paperwork ~ we've moved cross-country since then!!!
I doubt you ever got it in writing saying they would waive interest and penalties. Depending on the lender, they will waive collection fees but never interest and this does not generally apply to FFELP guarantors which ECMC is. You would have signed a rehab agreement, which would have included the total amount, including the capitalized interest and fees.
Dammit I feel really dumb...is there ANYTHING that can be done???
I really doubt anything can be done now. The rehab is complete and unless you have anything in writing, it is your word against theirs.
Thank you so much for your help, LynnInMN!
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