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Is American Student Assistance a legit company?



MKM

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Sub: Is American Student Assistance a legit company?
Tue, 12/07/2011 17:08

Hi, all,
For a few years now I have received a letter every 5-6 months from American Student Assistance, saying there is "a data discrepancy between the information they have for your social security number and the social security number we [ASA] supplied in our recent electronic submittal." Then the letter asks me to "please provide at least two forms of the requested supporting documentation listed below so that we can resolve this matter. Please be sure that at least one form of identification contains your social security number." The list of acceptable documentation includes passport, drivers license, W-2 form, pay stub, etc. And plus, they want a signature.

Talk about sending up red flags all over the place...

So my question is: are these guys legit? Has anyone else ever gotten a letter like this? Because it sounds like a snail mail identity theft phishing scam.

My student loans were taken out in 1998-99, and have always been in good standing. I bought a house a week ago, and my credit scores were very good (791, 800, 801), so I know whatever "discrepancy" this is hasn't affected my credit.

Should I contact the servicer on my student loans (Access Group)?

Any advice is greatly appreciated. Thanks!

-Mike



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Sub: #4 Follow upTue, 07/12/2011 - 17:08



I'm the same lazy Unregistered who posted above. When I talked to them they encouraged me to check www.nslds.ed.gov and I would say it is pretty hard to argue against the validity of that website. When I logged in there with my fafsa pin it showed me the amount of my loan, that the loan was from citibank, and sure enough American Student Assistance is listed as the guaranty agency.

So, check for yourself if you don't believe me but they are completely legit and not phishing for anything.


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Sub: #5 LegitTue, 07/12/2011 - 16:52



I got a call from them after I graduated. They seemed legit, just letting me know that I would have to start paying my loan after my grace period ends and giving me contact information of citibank so that I can check that everything is in line with them.

I assume if I don't pay my loan or something like that they will start getting mean but that is too be expected.


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Sub: #6 Sallie Mae was your lender/servicer. ASA was the guarantor behiSun, 02/13/2011 - 05:36



Sallie Mae was your lender/servicer. ASA was the guarantor behind the loan.

You probably should have consolidated. You would have had much lower payments under the income contingent repayment plan.

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


lena0624
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Sub: #7 That was never explained to me. I didnt know there was a guaranSat, 02/12/2011 - 21:50



That was never explained to me. I didnt know there was a guarantor and that if I defaulted they took over. That explains how they ended up writing to me.

I do not recall consolidating with anyone. I always got letters from sallie mae. Last I spoke to them I requested a hardship forbearance and they denied me. What happened next is letters from ASA I guess.

My financial situation has always been extremely tight since graduating from school. The high monthly payments they ask for are simply something I have not been able to afford. I really am in a very big mess right now and I do not see any financial breakthrough any time soon.

I am being sent a financial hardship form to see if I can get all or part of my tax return back. They said I might get it back if I can prove hardship-which will NOT be hard at all.


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Sub: #8 ASA are the guarantor of your loans...you dont choose them per sSat, 02/12/2011 - 19:51



ASA are the guarantor of your loans...you dont choose them per se. When you borrowed, they were the ones who guaranteed the loans. When you defaulted, ASA paid the claim. Did you consolidate with Direct loans?

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


lena0624
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Sub: #9 Okay so I went there and saw they list 9 different small loans cSat, 02/12/2011 - 19:48



Okay so I went there and saw they list 9 different small loans consolidated together into 1 under FFEL. So was ASA assigned to my loans then? I never chose them.


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Sub: #10 you didnt answer my question..,.how many loans did you borrow? Sat, 02/12/2011 - 18:55



you didnt answer my question..,.how many loans did you borrow? ASA is a federal lender under the FFELP program, totally different from the Direct Loan program with the DOE. THink you need to get logged into www.nslds.ed.gov/ to look up who has what

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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