Problems with consolidating student loans


06-Nov-2019 04:09

They also took months of effort and coordination to resolve.I am ecstatic that we obtained good outcomes for my clients and got the errors fixed, but unfortunately these problems are not exactly uncommon.But far too often, I see major errors during this process.For example, the consolidation servicer may accidentally underfund the payoff payment to one of your loan holders, resulting in a small balance remaining on a loan that should have been entirely paid off.

of Education and an assortment of student loan guaranty agencies, servicers, and debt collectors.Or the consolidation servicer may send the “check” to the wrong company.



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