Quote:
Originally posted by Aloha Mr. Learned Hand
Where do I sign up (at a low contingent rate, of course)? They jacked my payment up $60 a month.
What I want to know is what they are doing with (or to) the borrowers who were told they were paid in full during the period of the screwup... Probably can't do much to them, so they'd better not be sticking it to the rest of us to make up for it.
Of course, my interest rate is in the neighborhood of 1 1/2% right now, so its hard to complain too much...
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Well, if you're paid off, you're paid off. The alleged issue was that folks were not paying off quickly enough.
Mine went up about $40 a month.
Nonetheless, a lot of money in the aggregate.
Say, 800,000 affected borrowers. Multiply that by increase of $40 additional a month. Multiply that by 50 (ballpark number of payments left on each borrowers loan term) = $1.6 billion.
