Official looking loan documents – a fake?

Official looking loan documents – a fake?

As the deadline approaches for the first payment on our student loans, I’ve been getting an increasing number of official looking letters – I always rush upstairs to tear them open, worried that Ive missed a deadline or forgotten a form, to discover that they are just advertisements – advertisements for debt consolidation.

While its true that we’ll likely be looking into consolidation of some sort down the road -  as I understand it, it usually makes sense – I’m pretty put off by the sneaky tactics these loan consolidation companies are using.  How many people get duped and think they’re calling the government or the private entity they’ve taken out a loan with when in reality they’re calling a debt consolidation company?

I’ll be looking long and hard before we choose a company to consolidate our loans – anyone who is willing to trick you to get you in the door will have no problem lying to you once youre a customer.

Loans Coming due

My wife graduated last May, and we’ve really been dreading the next few months – we know that her student loans will be due soon, but we don’t really know when, or what will happen. Finally we got a statement in the mail today giving us more information and a deadline.