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Great Lakes Student Loan

Heather Said:

Who owns Great Lakes Higher Education Guaranty Corporation?

We Answered:

the company can let you know if your loan has been sold to another company

Jon Said:

Has anyone had to deal with DCS collections agency before?

We Answered:

Some lenders do outsource their collections to debt collectors, if this is the case it will tell you on any letter you receive to make your payments out to ABC Corp.

However I personally would never give a debt collector access to my bank accounts and neither should you.

When collectors first attempt to collect they can be very aggressive and may refuse to cooperate. They are trained to only accept certain types of payments such as full payments, post-dated checks, electronic payments and so forth.

Send your payment offer in writing certified mail/return receipt and let them accept or decline your offer. If they accept, you'll probably never receive anything in writing that says they accept your plan however, make sure that your letter includes this statement, "Please note that accepting (cashing) this payment constitutes a payment agreement between us according to the terms outlined above."

Keep accurate records! Keep copies of every letter you send and everything they send including the envelopes.

Derrick Said:

is my lender bank of america or great lakes?

We Answered:

go to www.mygreatlakes.com. You can get all your payment information from the web site.

Sue Said:

Does "great lakes" Have any right to send unsolicited e-mail, paid off a federal student loan w/o signature?

We Answered:

It's probably a spam e-mail. I would E-mail the people you took the loan through to confirm, and let them know whats going on.

Ryan Said:

If I file a consolidation loan for three student loans is it legal for them to only consolidate one?

We Answered:

You can not consolidate federal loans in with private loans. This is probably what happened, and it sounds like you were really screwed over. You need to contact them and tell them this is NOT what you wanted. The whole concept of "consolidation" is combining more than one loan into just one. This did not occur, obviously. Take a week off of work, and be on the phone 8 hours a day for a solid week until you can get this UN done because it's not right. When it isn't UN-done (because they aren't going to do anything about it) you need to hire yourself a lawyer.

Angel Said:

Great Lakes Loan Payments?

We Answered:

how would anyone on his site unless they work at great lakes and has access to your account could answer this question -- so do just that -- contact them!!!!

Naomi Said:

Student loans...advice needed....my husband has great lakes student loans...what are his options?

We Answered:

Student loans can only be consolidated once so his options are pretty limited. About the only thing he can do now is pay on them.... for the next 100 years.

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