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Category: Legal
Satisfied Customers: 57381
Experience:  Licensed attorney helping individuals and businesses
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I tried to have a student loan of mine consolidated so that

Resolved Question:

I tried to have a student loan of mine consolidated so that all my loans would be in one place a few years ago. The original lender said it was not able to be sold/transferred when the consolidating lender tried to purchase the loan. however. Recently i have found out that I have been paying for the same loan twice--both with the original lender and the requested consolidating lender. Both are claiming to own the loan. I requested an investigation to be conducted. Is this grounds for legal action?
Submitted: 6 years ago.
Category: Legal
Expert:  INFOLAWYER replied 6 years ago.
Hello, I am legal expert at Justanswer and I will be helping you with your question today. What are your damages,
Customer: replied 6 years ago.
just that I have been paying the same orginal loan amount of $3500 to two different lenders. Why is it that one lender says it was consolidated and added to my principal balance and the other lender says it was not?? Thus, I am paying both!
Expert:  INFOLAWYER replied 6 years ago.
How much is your overpayment then?
Customer: replied 6 years ago.
I am not sure of the exact amount. Likely $1200-1500. I have requested my payment history from both lenders to determine since it spans over 4 years.
Expert:  INFOLAWYER replied 6 years ago.
You can pursue it by complaint to the attorney general office and the BBB.

If need be, consider a complaint in small claims court.

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Customer: replied 6 years ago.
If i file a complaint to the attorney general or BBB, will they investaigate to make sure this hasn't happened to other student loan payees? I trusted that all was well when i consolidated my loan, not knowing both lenders would continue charging me!
Expert:  INFOLAWYER replied 6 years ago.
That is right. They normally will review it on a broader basis than simply a lawsuit would.
INFOLAWYER and other Legal Specialists are ready to help you
Customer: replied 6 years ago.
How efficient is the BBB and attornery genreal in investigating matters like this? is this something worth pursuing or should I just let the investigation happen and get my reimbursement?
Expert:  INFOLAWYER replied 6 years ago.
They are quite good but results vary on their interest and resources. Nothing to lose in getting them involved.