I've been paying this student loan for 3 years now and recently started getting behind on payments because I wasn't making as much money anymore. I called in to see what my options were and was told by a Representative to ask someone I know for the money and that there was nothing they could do. I was still making payments but I was behind on some. My loan was being serviced by AES and they misapplied a payment and my loan went into default. Then Key bank tells me I have to pay in full or set up a payment schedule. They asked for $300-400 more than I was currently paying then lowered it to $10 more than my current payment. They are aware that my loan was charged off in ERROR of AES . Key bank knows all that is required of them to send my loan back out of this status is to send a letter with the Key Bank logo and fax number over to AES. I sent this information to KEY bank in December and multiple times in the beginning of January. Each time I was assured the letter had been passed along only to then find out on each follow up call that nothing had been done. I'm not even asking for lowered payments or anything just something sent with their letterhead on it and a fax number and they keep giving me the run around. The worst part is, is that I've been paying these loans on time and when i started to get behind aka paying a lower amount but still paying they are treating me as if I've never submitted a payment. I work to pay my student loans that is where all of my income goes and they treat me like a criminal. They are very rude on the phone. I told them that I was recording the call just like they were recording me so that I would have proof that they keep lying and they said they would end the call because no one is allowed to record them and that yes there is a double standard. Is that legal? How is that fair. Meanwhile my loan is in default status and they know its in error. They need to be reported to the BBB.
After I deposited $5000 check my troubles started. It's been held for past 10 days. First I was informed of possible "fraud" rather than " hold is a standard procedure for big checks". Nobody bothered to explain anything to me, but they did freeze all of my accounts, closed one with out my consent and blocked my card. At this point nobody can tell me why is my card blocked even though I have funds on my account aside from 5k that is coming out on Wednesday. Fraud department people are conveniently always unavailable. I have been left with no food and transportation over the Thanksgiving and I am completely denied access to MY money. This treatment is full on profiling of poor people who rarely have big deposits. I am the most bothered my the lack of understanding, complete abandonment an the fact that nobody is willing to tell me what is going on. Shame on you Key bank, even a poor person manages not to be poor anymore, I guess that is too suspicious for you. Shame on you!