1 Jan, 2018 → by ClaimboUser802042
Co-signer Release Form
*SOLVED

3

So I graduated college back in June 29, 2007 and have been looking for a career ever since. I have been paying on my Sallie Mae loan for a little over 2 years now and yet I still owe $79, 000 even though I borrowed $80, 000 I cant believe it has not gone down even though my payments were $800 a month the first year and $550 a month this year. Back on September 14, 2010 I called Sallie Mae to get a co-signer release form application so that way my parents could get their names off my loan. First of all it took Sallie Mae 2 weeks just to send me the application and its only 5 questions. I faxed them the completed application on September 26, 2010. I called them On Oct 4, 2010 to ask them what the status was and the lady told me it would be another 2 weeks to do a background check on me which was a complete lie because it does not take that long to do a background check. So on Oct 27, 2010 I called them again to ask the status and the lady said it would be another 30 days. I asked why and the lady just kept repeating herself of how it will take 30 days. Then on December 6, 2010 my dad called to find out and they said the same crap another 30 days. The next time my dad called he finally got a hold of a supervisor and they said it should have only taken 4 days. I dont see how Sallie Mae can get away with false promises, missinformation, and their sales people have no clue whats going on. Not to mention if your unemployed like me and have been busting your ### to find a job the loan payments each month are so ridiculously high that there is no way you could ever live on your on and have a normal life. Dont ever get a Sallie Mae loan its just a scam!!!
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