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Debt Relief – Insolvency – Bankruptcy Information » Student Loan Help » If I file a consolidation loan for three student loans is it legal for them to only consolidate one?

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

I filed for a student loan consolodation with Great Lakes Borrower Services for three different student loans. I was told I would receive an answer by the second month, I did not, I sent an email asking what was going on and no answer. I then called and was bounced around and never received a call back. After four months went by I sent an angry email requesting they cancel everything. Funny how it should be the loan was filed shortly thereafter, I was never contacted about the approval of this loan not via mail or email. The funny thing is they only put through one loan.. Why the heck would I even have bothered? Now my one loan has moved from one lender to great lakes and my interest is .5% higher.. Is this legal? There is one man I speak to who is very rude and basically calls me incompetent, even though I would love to find out more but he cant tell me..

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

  1. Suddenly Human says:
    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.

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