#1
|
|||
|
|||
Can I sue my student loan people?
Here is the story.
I was given a $9,000 student loan in payments of $1,500. I received the first payment. Then they pulled back the rest of the loan after saying they didn't know I was enrolled in a community college (even though I listed the college on the application). They are now saying I still have to pay the interest rate on the original $1,500, thus violating the contract. Also, it leaves me in a [censored] situation as I have no job. |
#2
|
|||
|
|||
Re: Can I sue my student loan people?
suing costs money...doesn't sound like youi have that much of it [img]/images/graemlins/frown.gif[/img]
|
#3
|
|||
|
|||
Re: Can I sue my student loan people?
Well actually it is very likely that there never was a contract. They obviously thought you were going to a different class of institution.
|
#4
|
|||
|
|||
Re: Can I sue my student loan people?
You can sue pretty much anyone. I think your question is "Am I likely to win if I sue?"
Look up what the limit for small claims is in your state, and if it's 10k or under, knock yourself out. Otherwise, it may be time for that job. |
#5
|
|||
|
|||
Re: Can I sue my student loan people?
They probably have encountered this before and have the proper legal terms in the contract to not lose in court. What would you be suing for - to get your interest rate down? That would save you like $50 over the life of the loan.
|
#6
|
|||
|
|||
Re: Can I sue my student loan people?
I would be suing for stress because they put me in a bind money wise to pay my rent and utilities when I was relying on their money to do this. Also hurting my schoolwork.
|
#7
|
|||
|
|||
Re: Can I sue my student loan people?
I have an LLB not a JD but the US system is similar enough that I don't see how you could win.
More importantly I don't see how you could afford to hire a lawyer. Did you give the student loan people the name of your school when you applied? |
#8
|
|||
|
|||
Re: Can I sue my student loan people?
Yes I gave them the name of the school.
|
#9
|
|||
|
|||
Re: Can I sue my student loan people?
Your best bet is to attempt to locate other individuals facing a identical situation from the same lending institution.
If this is a one time "clerical" mistake on their part, you are probably out of luck. If there is a pattern of this mistake occurring, then your prospects brighten a bit. Should the latter prove to be true, contact a attorney specializing in consumer law. If a class can be established, they will likely take up the cause pro bono. |
|
|