Legal Question in Consumer Law in Idaho
Student Loan Consolidation- 1 lender Rule- HELP?
Hello-
Problem: I want to consolidate two loans (with a new lender)- one owned by a well known financial corporation and one owned by the school I went to. The new lender that I want to deal with says that the corporation will not let them pay off the loan, so they cannot help me. The corporation claims that they do not have to give up the loan if they choose not to, referencing the ''1 lender rule''.
Question: Is there ANYTHING I can do here? Is there any possibility of getting them to give up the loan if I press with a lawsuit (maybe they won't want to take the time or money to appear in court)??
Thx
1 Answer from Attorneys
Re: Student Loan Consolidation- 1 lender Rule- HELP?
The way to get them to give up the loan is to pay it off. I've never heard of the 1-lender rule, so if you want to know what it is, you'll have to ask them to put it in writing.
Related Questions & Answers
-
Is multiple billing legal? In the small town that I live in, the city hall does all... Asked 1/12/04, 12:02 pm in United States Idaho Consumer Law
-
As Is Does an Auto Dealer have a responsibility to disclose known defects to a... Asked 1/10/04, 10:23 pm in United States Idaho Consumer Law
-
Car Rental Agreements I bid on what I thought was a One way car rental via;internet... Asked 10/17/03, 5:05 pm in United States Idaho Consumer Law
-
Buyers rights on used cars I test drove a car yesterday, tonight I went to purchase... Asked 8/12/03, 1:13 am in United States Idaho Consumer Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
