To those interested in filing a Class Action Lawsuit against ACS - Affiliated Computer Services, a student loan servicing company,
I've formed a Complaints Board Group to inform and coordinate people who believe they are victims of ACS's deceptive and fraudulent practices.
Have you noticed that your principle doesn't decrease as it should? That every year you pay more interest than that appropriate for your interest rate? That ACS has misapplied your payments? Have you received phone calls and letters that your payment wasn't received only to look at your bank statement that ACS cashed the check? Do you have to supply proof for months only for ACS to deny having received the proof? Have you noticed that ACS holds your payment checks and deposits them on the date that most benefits ACSI? Did you know that for some people, if their check is not received and cashed on the EXACT date that the payment is due, the vast majority, if not all of the payment will go towards interest and therefore never be applied to pay down your principle?
I'm currently in touch with lawyer who successfully argued and opened the door for a Class Action Lawsuit against ACS.
See the lawsuit here:
And a summary of it here:
Please join and help to document this company's practices. This is going to take a group effort.
The group is titled ACS - Class Action Lawsuit for fraudulent and deceptive practices.