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Why would it be unconscionable? I don’t understand why people would care if their loan is sold. My student loans have been sold a couple times and I didn’t mind
by gnicholas 3y ago
Why would it be unconscionable? I don’t understand why people would care if their loan is sold. My student loans have been sold a couple times and I didn’t mind. What’s the downside for the borrower?
- toast0 3y agoWho owns the loan doesn't make a lot of difference, really, compared to who services the loan. But even still, you may not want to do business with some company for any number of reasons: maybe they treated you or someone you know poorly in the past; maybe you don't like how they do business; etc. The loan servicer is more important --- some of them are terrible at their job and tend to misapply payments etc, causing extra work for the borrower.