bankybruce Posted November 5, 2007 Report Share Posted November 5, 2007 I was apporved for $4000 to cover what my regualar government loans did not (Devry is expensive)and got instant approval with a 656 EQ(who they ran) and 5 deg's incase anyone wanted to know. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted November 13, 2007 Report Share Posted November 13, 2007 I was apporved for $4000 to cover what my regualar government loans did not (Devry is expensive)and got instant approval with a 656 EQ(who they ran) and 5 deg's incase anyone wanted to know.Wonder how hard it is to get 56k. I'm really thinking about goint to Airline Transport School. Was this loan with Sallie Mae or SLM, a company of Sallie Mae. Link to comment Share on other sites More sharing options...
bankybruce Posted November 20, 2007 Author Report Share Posted November 20, 2007 A applied though the Sallmie Mae site after I logged in where my current government loans are, but the EQ shows SLM as the company who ran my credit. Link to comment Share on other sites More sharing options...
CleverCynic Posted November 25, 2007 Report Share Posted November 25, 2007 see if your state has a standard educational loan organization. In north carolina we have CFNC.org which is the college foundation of NC. You'd be silly not to get your loans for school through them, and it would probably be the same with whatever you have in your state. Link to comment Share on other sites More sharing options...
skinny Posted December 5, 2007 Report Share Posted December 5, 2007 I was apporved for $4000 to cover what my regualar government loans did not (Devry is expensive)and got instant approval with a 656 EQ(who they ran) and 5 deg's incase anyone wanted to know.That is so encouraging , bc my school claims Sallie mae will not do a loan with derogs . Where any of your derogs tax liens or unpaid accounts? Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted December 5, 2007 Report Share Posted December 5, 2007 That is so encouraging , bc my school claims Sallie mae will not do a loan with derogs . Where any of your derogs tax liens or unpaid accounts?and how old are they (derogs), when do the repayment terms begin and how long are the terms? (if you don't mind asking). I'm really considering hitting the Sallie Mae Loan button, although I've heard they are close to the devil. Link to comment Share on other sites More sharing options...
skinny Posted December 7, 2007 Report Share Posted December 7, 2007 btw did you know Sallie Mae and Arrow are one in the same ?.. Close to the devil is right:evil: Link to comment Share on other sites More sharing options...
LynnInMN Posted December 7, 2007 Report Share Posted December 7, 2007 btw did you know Sallie Mae and Arrow are one in the same ?.. Close to the devil is right:evil:No they are NOT one and the same. Sallie Mae has many divisions, as do many companys. Wells Fargo owns Aman Collection Service. Each company in each division operates independantly of the other. You might want to look at their corporate stucture. http://www.salliemae.com/about/corp_leadership/corp_str/corp_str.htm Link to comment Share on other sites More sharing options...
hi-liter Posted December 7, 2007 Report Share Posted December 7, 2007 I got a Sallie Mae loan with a good 5 or 6 derogs- all over 3 years old. It wasn't a huge amount ($3000), but it was much needed at the time. Link to comment Share on other sites More sharing options...
bankybruce Posted December 8, 2007 Author Report Share Posted December 8, 2007 That is so encouraging , bc my school claims Sallie mae will not do a loan with derogs . Where any of your derogs tax liens or unpaid accounts?They ran EQ and I have 5 derogs all paid, none of which were unpaid or tax liens. One was a paid repo though. I had paid 2 of them off just 4 weeks earlier. Link to comment Share on other sites More sharing options...
skinny Posted December 9, 2007 Report Share Posted December 9, 2007 No they are NOT one and the same. Sallie Mae has many divisions, as do many companys. Wells Fargo owns Aman Collection Service. Each company in each division operates independantly of the other. You might want to look at their corporate stucture. http://www.salliemae.com/about/corp_leadership/corp_str/corp_str.htmI looked at their corporate structure and i understand your point. However, if one has future issues with a sallie mae loan and their "independantly operated" collection arm Arrow Financial is the CA , based on numerous post on this site, you can expect very aggressive and illegal tactics. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted December 9, 2007 Report Share Posted December 9, 2007 I looked at their corporate structure and i understand your point. However, if one has future issues with a sallie mae loan and their "independantly operated" collection arm Arrow Financial is the CA , based on numerous post on this site, you can expect very aggressive and illegal tactics. Link to comment Share on other sites More sharing options...
LynnInMN Posted December 9, 2007 Report Share Posted December 9, 2007 You have to understand that the collection agencies that are part of Sallie Mae, do not collect for Sallie Mae, at least for federal loans. Sallie Mae is a lender/servicer....when a loan defaults, a default claim is filed with the guarantor. Sallie Mae is paid off. The FFELP lenders have no connection to Sallie Mae. These agencies collect for both FFELP lenders and the DOE. Sallie Mae owns these CA's because they are profitable, a good move for any business. Link to comment Share on other sites More sharing options...
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