Consumer Protection Law
Consumer Protection Law Questions? Ask a Lawyer Now.
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I am a retired attorney with over 30 years of experience and I use to work in student loan collections.
Beware of this company. They are a collections agency and they are going to push you into signing an agreement which is not necessarily good for you.
Are these federally guarantted loans or private loans?
Please let me know so I can provide you a more detailed response.
I need to opt out because my availability is going to be limited. Another expert should pick this up for you.
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Then I talked to them 3 or 4 times and each time the payment I was going to be paying them was smaller and smaller and the time involved longer. In the contract it says 38.00 for 9 months, but two clauses lower it basically says I pay them until they say I stop. Should I sign this?
Response: No, you should not. The payment plan must have payment amount and end date. You cannot have open-ended agreement. It is very deceiving to have a paragraph that states the amount that you need to pay and for how long, but another paragraph state that you have to pay them until they say it is enough. That is too vague and broad.