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Debt Consolidation Forums Student Loans and Education Debt

SLRO





Sub: SLRO
Wed, 27/04/2011 03:08

Hello,

I am in need of some advise. I have many loans in default and are due for garishment. The collectors want 900 a month for 36 months for a 31K loans. I can not afford this, but it my only option to stop garishment. I obtain SLRO services out of frustration and not knowing what else to do. I tried settling my account on my own but I can not afford this monthly repayment amount. I have 3 days to cancel SLRO and recieve my full refund. What can I do. The collector is CBE for Edfund.



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Sub: #1 He signed an agreement which is a contract. Did he ever read itWed, 04/27/2011 - 03:08



He signed an agreement which is a contract. Did he ever read it?

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


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Sub: #2 SLRO is a Joke!!!!!!! My friend applied to use their service. HeTue, 04/26/2011 - 16:56



SLRO is a Joke!!!!!!! My friend applied to use their service. He was told he had to pay a service agreement retention fee. I believe it was about $800. He told them he couldn't pay all of it at that time. He said he would write them a check for $400 and then the other $400 in a month. They told him they couldn't do anything until they got the whole amount. He sent them a check for $400. He then spoke with the loan people and they came up with a plan that he could afford. He never sent SLRO any more money and never used their service. SLRO never contacted him again. Now, after almost two years, they are saying that he owes them $800. They sent it to a collection agency. They are now threatening him with litigation. Why does he have to pay them anything if he never used their service? Sounds like total bull to me!!!!!!


Unregistered

Sub: #3 Hey Mr. Tony Rahil, 1.) It's only slander if their "story" is uWed, 03/24/2010 - 19:31



Hey Mr. Tony Rahil,
1.) It's only slander if their "story" is untrue with the intent to harm your reputation.
2.) On 02/23/2010 your companies alleged good name BBB Accreditation was revoked, with
D rating.
3.) Threatening legal action in an online post that someone who posts their opinion OR experience with you and or your company in an open forum may land them in court is not only immature but totally unprofessional.


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Debt Samaritan
Posts: 17094
Credits: 376507.56777267 Send message to SOAPLADY

Sub: #4 What do you mean what happens? There is still a guarantor of soThu, 11/19/2009 - 09:45



What do you mean what happens? There is still a guarantor of sorts on privates and they will persue you the same as federals. Difference is, is that privates will sue.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


Unregistered

Sub: #5 So what happens when the loan is a defaulted private education lThu, 11/19/2009 - 09:38



So what happens when the loan is a defaulted private education loan. You can't go to DOE becasue they only deal with federal student loans.


Unregistered

Sub: #6 wow, did i get a earful. now i know what to do! thanks to all ofMon, 09/21/2009 - 16:06



wow, did i get a earful. now i know what to do! thanks to all of you.
jamie


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Debt Samaritan
Posts: 17094
Credits: 376507.56777267 Send message to SOAPLADY

Sub: #7 Lock in your fees?? Please....fees run from 18-25% and for thosThu, 09/17/2009 - 10:31



Lock in your fees?? Please....fees run from 18-25% and for those with defaulted direct loans, the best option is to rehab to ELIMINATE those fees. Most FFELP lenders drop the fees down to around the 18% range when rehabbing so that will save the borrower some $$$/


The best option for student loans is NOT to pay anyone else to do what you can do yourself. I have heard of people paying SLRO fees and then receive a federal direct consolidation loan application. Federal Direct Loans apps are free, as are rehabs. If the CA is not cooperating, contact the Student Loan Ombudsman, a FREE reservice. Do not pay anyone for anything.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


Unregistered

Sub: #8 I am the President of the Student Loan Relief Organization and IThu, 09/17/2009 - 08:56



I am the President of the Student Loan Relief Organization and I can assure everyone that there is no scam here. We have been in business for over four years working with government agencies to get people situated with their student loan that are in default or even worse. Please stop slandering my companies good name or you might find yourself in court. Stop hiding behind your screen names.

FYI....The Direct Loan route does not even guarantee getting you out of default especially when you have defaulted on a previously consolidated federal loan that is in garnishment. However, consolidating defaulted student loans does insure that you lock in all of your fees (25% of your balance), accrued interest and old principal all into a new loan. In reality, this might make the noose tighter on your neck. Please consult a professional when dealing with student loans. The quick fix is seldom your best option.


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Debt Samaritan
Posts: 17094
Credits: 376507.56777267 Send message to SOAPLADY

Sub: #9 SLRO cannot stop your garnishment....period. So dont waste yourThu, 06/25/2009 - 10:00



SLRO cannot stop your garnishment....period. So dont waste your money. They charge you big bucks for stuff you can do yourself.

You can call your lender and rehab your loan while being garnished. It will require 9 payments over and above your garnishment payment.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


Unregistered

Sub: #10 SLROThu, 06/25/2009 - 08:21



IM THINKING ABOUT TRYING SLRO. IF MY I AM IN DEFAULT AND BEING GARNISHED, HOW LONG DOES IT TAKE TO STOP GARNISHMENT??


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