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I did not expect for the interest rate to double with two missed payments. (yes there were low at 2.5% ). I did not expect to be financially responsible for th
by gamechangr 8y ago
I did not expect for the interest rate to double with two missed payments. (yes there were low at 2.5% ).
I did not expect to be financially responsible for the entirety of the loan - but not be allowed to know if it is current or behind.
I did not expect that when an interest rate is capped for student loans, that there is an unlimited and compounding penalties that you are again - responsible for - but not allowed to know if you are in good standing.
Every other loan that you owe - they have to tell you what you owe and what the terms are. Not co-signing though
- harryh 8y agoThey have to do that for student loans too. Even if you're co-signing. You should go back and look at the document you signed. It's a contract just like anything else and if your counter-party doesn't abide by the terms then you have grounds to get out of the contract.