Friday, December 12, 2008

Sallie Mae Really Sucks

"Just got dinged with a $25 forbearance 'processing' fee. You think Aunt Sallie would be content with her sky-high accruing interest. Even though Sallie Mae just received a 3.6 billion dollar bailout gift from the American taxpayers in the third quarter, looks like she doesn't want to turn around and share the holiday love by waiving the fee.

The Sallie Mae customer service operator was apparently from India. I wonder if any of her friends are working on any of our outsourced document review gigs."

7 comments:

Anonymous said...

The processing fee is less disturbing than the fact the customer service center is located in India. Maybe after the auto bailout, GM can start building all their cars in India to avoid U.S. labor costs.

Anonymous said...

so, any bets on when the student loan crisis hits? At this point the massive unemployment must be running down a lot of deferments.

Anonymous said...

$25.....I get charged $50. WTF! I did get the customer service center in the U.S. Go figure.

Anonymous said...

Elizabeth Warren is sitting on the TARP oversight committee. I hope she does something to reign in Sallie Mae's predatory lending practices before they get anymore taxpayer money.

Trollop said...

3:01

Now don't you wish all call centers were in India instead of the US? Could've saved you $25 big ones.

Anonymous said...

Can you believe we are fighting for jobs to answer a phone and get yelled at? what a country!

Anonymous said...

Figure out who on The Hill is receiving campaign funds during election and re-election and run their "lines" through to see how they voted on anythng pertinent to SLM Corporation.......I'll bet Biden (from the state of Del where many usurious credit card and banking practices incorporate to avoid being slammed on their usurious practices) has done nothing but accommodate them, along with many of his other cronies. SLM has too many legs into too many people in D.C., from lobbyists, to judges, to legislators - both Congress and Senate...nothing, absolutely nothing will be done. They provide great earnings for those larger pension funds that hold their stock........it is a racket..no one could even dare take them on....unless O has the spine once he is in office - but I doubt he had as many loans as many of us since he probably got money from HLS or other resources......for many reasons not pertinent to many of us....