Scare Tactics!

| June 28, 2012 | 0 Comments

 

“American Student Assistance” a.k.a. Sallie Mae, has turned to more conventional means in order to get you to pay your student loans: fear. Assuming you don’t already live with the daily fear of not being able to pay your rent, buy your $4 per gallon milk, medical bills, etc., now you can receive e-mails like the one below: 
Dear ______: 

Did you know that the average college graduate has about $24,000 in student loans? Ever wonder what happens if they don’t make their payments? There are serious consequences like credit damage and wage garnishment. Not only that, but interest and collection costs can add thousands of dollars to the outstanding balance. Here’s an example:

EventAmount Due (Approximate)Enter repayment$24,000Miss nine payments, enter default$25,520Four months into default$25,827After collection costs
$30,475

Click Here to Get Help

Don’t let that happen to you! There are plenty of good ways to avoid default. If you are having trouble making your payments, contact American Student Assistance® (ASA) right away at  800.999.9080, extension 4777.

Student Debt

Student Debt

Fri: 8:00 a.m. – 5:00 p.m.
Sat: 8:00 a.m. – 12:00 p.m.
Sun: 5:00 p.m. – 9:00 p.m.
Please note: All times Eastern.


We can help you: Contact a repayment counselor

More at OccupyStudentDebt.com

 

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Category: Do Not Default

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