Student Loan Consolidation?
I have a question about student loans that are consolidated. I always make my payemnts on time. As soon as I receive the bill, I send the payment out the next day, have never missed a payment or been late. Aslo, I have a fixed interest rate. HOWEVER, MY INTEREST balance fluctuates every month. When I asked the people direct loan servicing center about this, I was told that they have to have a payment EXACTLY every 30 days in order for the interest not to fluctuate. What’s going on here? Isnt this the biggest load of crap you have ever heard? Anyone else experience this?
By: girllygirllyheart
About the Author:
I have a question about student loans that are consolidated. I always make my payemnts on time. As soon as I receive the bill, I send the payment out the next day, have never missed a payment or been late. Aslo, I have a fixed interest rate. HOWEVER, MY INTEREST balance fluctuates every month. When I asked the people direct loan servicing center about this, I was told that they have to have a payment EXACTLY every 30 days in order for the interest not to fluctuate. What’s going on here? Isnt this the biggest load of crap you have ever heard? Anyone else experience this?
By: girllygirllyheart
About the Author:
The loan servicing center are not read up about them.
The number of days between each billing cycle it will also vary as per the number of days between each billing.
Left by Debt Guru on November 14th, 2009