Salle Mae / student loan
Salle Mae is really a lousy organization. I was the cosigner for my friend’s Salle Mae loan. My friend had made 24 payments on time. I doubled check with TransUnion report and it clearly indicates that there was no late payment.
According to the contract by Salle Mae. I should be released from the loan contract. For some strange reasons, my friend and I have made several request to Salle Mae to release me from the contract, Salle Mae would not compliance. Also, my friend should be eligible for forbearance due to his financial hardship. One customer service rep. granted ok to him and my friend has paid $40 for forbearance process fee. Later he got the letter from Salle Mae and told him that he was not eligible for forbearance. My friend was really angry and called Salle Mae. They kept bouncing phone around and pretended didn’t know what was going on. (a typical scheme by Salle Mae.)
They keep calling me and my friend and try to threaten us continuously times to pay back the loan. I don’t really know what to do. The economy has been very bad and life has been rough for me and my friend. We are just trying to survive. I am not trying to criticize Salle Mae but they have made life tough for my friend and other students. I have heard that many students are being taken advantaged by Salle Mae with matters similar to ours.