snowy76
<font color=blue>I do a panic dance<br><font color
- Joined
- Apr 13, 2004
I just checked the account for DH's student loans. We were having payments taken out of our checking account every month. Today I suddenly noticed the loan company had lowered the monthly payment by $40. We did not ask for a lower amount; if anything, our goal is to start paying over the monthly amount to get this loan paid off. It's our biggest debt at $14K.
Anyone have this happen to them? DH plans to call them and ask for the payment amount to be brought back to what it had been. I know some people would be excited at having a lower bill but I suspect they're doing this to extend the life of the loan and get more interest money out of us. And we do NOT want that!
Anyone have this happen to them? DH plans to call them and ask for the payment amount to be brought back to what it had been. I know some people would be excited at having a lower bill but I suspect they're doing this to extend the life of the loan and get more interest money out of us. And we do NOT want that!