Even Lower!
I received a letter in the mail this week informing me that since I've made 36 consecutive on-time loan payments, they're lowering my interest rate by 1%. Hurray!
When I looked closer, though, they had only applied it to one of the two loans in consolidation, and the smaller one at that. So, I picked up the phone and I asked them why.
The customer service girl was very friendly, couldn't find a reason why, and is sending a claim to the interest rate billing department to have the discount applied to the full loan.
As if a 2.625% rate wasn't low enough. Try 1.625% on for size!
Nothing but minimum payments will be coming from us - we can always earn more interest in savings than we'll have to pay toward this loan. (It will still be almost 10 years before it's paid off, though.)
When I looked closer, though, they had only applied it to one of the two loans in consolidation, and the smaller one at that. So, I picked up the phone and I asked them why.
The customer service girl was very friendly, couldn't find a reason why, and is sending a claim to the interest rate billing department to have the discount applied to the full loan.
As if a 2.625% rate wasn't low enough. Try 1.625% on for size!
Nothing but minimum payments will be coming from us - we can always earn more interest in savings than we'll have to pay toward this loan. (It will still be almost 10 years before it's paid off, though.)
posted by Amberlynn @ 11/14/2006 10:13:00 AM
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