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I argued with the guy that I needed validation of the debt and was told that he was looking at a paper that I signed and that my only option was to set up 4 EFT payments and then the loan would be turned back over to TERI and no longer be in default. I agreed to this once I saw paperwork. He told me I would have it in a week. Since then I have had two payments drafted from my account but have seen no paperwork after several times of being told it has been sent but will send it out again. Is there anything I can do to demand the paperwork?
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Report (0) (0) | 10 years, 2 month(s) ago
When applying for student loans, the borrower should realize the following basic attributes of the prospect loan such as the procedures, legal dynamics and basic attributes of the finance company or the loan itself. Interest rates, payment options, incentives and origination fees should be understood by the borrower very well.
http://www.worldbestloans.com/
However, financing companies deem students as high - risk costumers since the students does not have definite source of income to repay the debt. Some companies will require the student to furnish documents that will serve as proof or evidences that the student applying for the loan is capable to repay the debt. This is what we call credit history.
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Latest activity: 10 years, 2 month(s) ago. This question has 2 answers.