Archive for the ‘School Loan’ tag
How to fight a creditor about an illegal school?
Years ago in my youth… I went to a vocational school designed to teach the trade of Medical Assistance. Well I was passing and doing well until the last class, Medical Billing. The Medical Billing teacher quit and the school was unable to hire another teacher.
After making payments directly to the school I foolishly took out a student loan for the remaining $3400 and put a $400 cash payment down. Well after I took out the loan along with several other students the school closed down without notice!
I was out of the money, education and still responsible for paying back the loan even though I didn’t have atransfer transfer with transcripts for another school.
The original loan holder never came after me. I asked for a loan forgiveness considering what the school did and I believed they granted it. The original loan holder sold the debt to a collection agency and now ten years later the creditor is after me for over $4000! After contacting the state and Washington DC I found out the school never existed. The $4000 isn’t enough for a lawyer to fight. The department of education will not get involved because this was never listed as a school loan. After receiving a verification from the collection agency I saw the original contract was made under a retail loan installment with the school’s name on it. No one person’s name is legible on the contract and I have no one to complain to about a non-existant school or business (it was never registered). When I contacted the big credit agencies they verified the loan on my credit once they saw the original retail loan installment contract.
This was a fraud altogether! I have no other outstanding bills and yes I later enrolled in college and I’m almost finished paying off my Sallie Mae loan. However, I can’t get this removed or get the collection agency off my back. If I’d finished the school or dropped out I would pay it back but they closed without notice one morning out of the blue.
Any directions on how I can fight this? Where else can I try?
Thank you.. I welcome all answers!
The original debt began July 2000 so I’m just shy of 10 years.
