If you plan to finance a large purchase, the Sallie Mae Accelerate℠ card can let you to do so without paying interest on those transactions for a year. So I would just decline them. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. I was somewhat swayed by their reputation and business mission in addition to their competitive MMA rate. You should look at it and explain to me how they are applying my money correctly. How would knowing Sallie Mae isn't one help you? *Advertiser Disclosure: Are they worth a shot if I can manage to get a fixed-rate loan? 0% Introductory APR for purchases for 12 months, then 14.74% to 24.74% variable, 0% Intro APR for 15 months, then a 14.99% - 23.74% variable APR applies, N/A, then a 14.99 - 23.74% variable APR applies, Ability to instantly pause your card if it is lost or stolen, Cell phone protection (up to $600 per claim). Did you get them refinanced via SoFi? If you’re hoping to earn an influx of cash back in a short period of time from a sign-up bonus, the Sallie Mae Accelerate℠ card is not the card for you, since it does not offer a sign-up bonus. No sign-up bonus. Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases. Although the Sallie Mae Accelerate℠ card doesn’t offer the highest rewards rate among flat-rate cashback cards, it does offer a unique opportunity to earn a bonus when you use your rewards to pay down your student debt.

What is crazy about signing as a co-signer is having your credit destroyed and that Sallie Mae is really only about the money and not the student or customer service. SallieMae credit cards: Which is best for you? I've got/had a couple loans with them. Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Here are some other helpful features of this card. All tools and calculators are deemed examples and are for illustrative purposes only. For the most accurate information, please consult the issuer website. I reached out to the financial aid office and they kept referring me to Sallie Mae for a private loan. It offers competitive rates starting at 6.99% and no origination fee. We are no way affiliated with better business bureau or yelp reviews platform. Nowhere on Sallie Mae's site do they make it clear that they aren't a federal student loan provider. There's so many federal loan providers, but Sallie Mae is still one of the largest scams loan providers, let alone private ones, in the country. Have you filled out FAFSA and accepted any federal loans at all? However, all credit card information is presented without warranty. The main feature of the Sallie Mae Ignite℠ credit card is that it rewards good personal-finance habits. If you’re a graduate who is trying to pay off student loans, you may be intrigued by the Sallie Mae Accelerate℠ credit card — but you might end up earning more cash back rewards with a regular cash back credit card. I went to a private school, accrued much debt and was left with a great education, a great job and student loans from 3 major banks. hey friend. ), New comments cannot be posted and votes cannot be cast, More posts from the StudentLoans community. No minimum to redeem for cash back. I was in a bind and they were the only place I knew to get private loans at the time. They even pretend to be helpful with guides like these, but you'll notice that they don't actually say what they are themselves.

© 2020 All Rights Reserved. Not sure for myself. Are all your loans private? And with the 25% cash back bonus, students might be incentivized to form good financial habits. If you don't mind sharing, what did you do that made you unable to consolidate your loans? DO NOT take out any loans thru them. BBB reports on known marketplace practices. Who the card is best for The First Progress Platinum Prestige Mastercard® Secured Credit Card is a just-OK card for people with limited/bad/poor credit looking to start building credit or rebuild credit. Sorry if I'm too blunt. It is incredibly confusing and infective. In the past I did and they ruined my credit for a very long time due to fraudulent reporting. Any and all advice or help is greatly appreciated, thanks :). If you’re a student who is trying to build credit, then the Sallie Mae Ignite℠ credit card might be a good fit for you. All my federal loans were from Sallie Mae (now Navient). BBB remains operational and focused on serving our business community.

I’ve just started the search for student loan options for next year, 2018-19, and Im starting to explore Sallie Mae. I got the standard deferment grace period after I graduated, then began making payments. Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. I'm happy to report that, in the end, I was able to get a letter saying the account was paid off and I turned that into the lender which bumped me up on their terms to where I needed to be. BBB Business Profiles generally cover a three-year reporting period. Sure, but there’s nothing you can do about it besides do your best to get this shit off your back ASAP. Then you can be out of debt in 2 years if you live on nothing. Mr. Kevin Ognibene, Vice President, Office of the Customer Advocate, Ms. JoEllen McCauley, Director, Office of the Customer Advocate, International Association of Better Business Bureaus. Believe me when I say these people are crooks and give no fucks: I was never given a reason why they reported my account the way they did, I was just told that basically even if I kept paying it would keep posting my payment as late because once it'd been marked as in default they could not change it (which is bullshit) so I was like hell no I'm not going to keep paying you pieces of shit on time for you just to keep fucking me so I ended up settling on a payoff amount and had to go get a loan from the bank so I could pay them off. They are very helpful and my credit has drastically improved just like they said.

Offers which appear on CompareCards.com are from companies with which CompareCards.com receives compensation. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Fuck. Shop around for whoever offers you the best terms (your school can push a lender all they like; doesn't mean you have to go with them). Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. After the on-line research and checking reviews, I took a chance with Sallie Mae. She said I would need to call them to get it straightened out and removed and that should bring my score up to the number they required. I do have a Discover card open that I put some money on every month and pay off right away. You can go to some great consolidation companies (I was not fortunate enough for this step because I was an idiot after graduation). SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking. Re Sallie Mae: They do say on their website that they're private. Does anybody have any … Discover student loans stopped offering cosigner release services. Its private loan company now, so federal regulations for the most part don't apply to them. Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Mortgage products and services offered through Credit Karma Mortgage, Inc. NMLS ID# 1588622 | Licenses | NMLS Consumer Access. Been in my house 5 years in December and the best part is my credit is now back up to almost 800 where it had been It wasn't easy and things were pretty tight for awhile even to the point I eventually had to get a part time job in addition to my full time job, but it got easier (took about 3-3.5 years though). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you.

I’m also in cyber security, you’ll start anywhere from $60-80k and be upwards of $100k in no time. Combine those three things and you hear a lot of bad things about Sallie Mae with no counterpoint.

I'd also paid everything else on time so yes, while I was stupid for not checking it better back then I also wasn't one to let shit go so I had no real cause to think there would be an issue. Why do I have to go to Reddit and websites like student loan hero or whatever to find adequate tools to pay back my debtors? Somedays. I don’t have enough information to formulate a specific question. Hey OP - have you reached you to your school's financial aid office to see if there's anything they can do to undo what you've done for the upcoming year? It's not worth it if you borrow money from Sallie Mae or Navient. 1000% true. This site may be compensated through a credit card issuer partnership. I told her that couldn't be possible as I was making auto payments to them and purposely set it up that way to avoid this exact situation. Like the Sallie Mae Accelerate℠ card, the Chase Freedom Unlimited® card comes with a $0 annual fee. I'll be sure to keep an eye on it and on my credit score. Also, do you recommended that i start making payments while in undergrad? There is no limit on the amount of cash back you can earn, and rewards do not expire as long as the card account remains open. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. This is a multi-location business.Need to find a different location?

There is no way that I would purpose to let any of my obligations go into default. There are three different Sallie Mae credit cards that each cater to a specific type of consumer. Took out one loan my freshman semester, and one my senior year. This compensation may impact the location and order in which these products appear.

I looked it up. 0% introductory APR offer. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site. Sallie Mae offers flexible repayment options and is one of the only lenders serving part-time students.

If you graduate, you can refinance your loans through another group such as Citizens Bank. This offer is no longer available on our site: Wells Fargo Propel American Express® card. You'll be making payments where less than 10% of your payment goes the principal and the rest to your interest and your interest rate will be so fucking high that you'll accrue almost as much as you paid off, and you're making payments for the next 15 years. With no clear target audience, a lack of behavior-based rewards and a mediocre cash back rate, there’s nothing that sets this card apart from other cash back credit cards. Rewards can be redeemed for cash, gift cards, travel and products or services. I really hope so too. So you got your loans through old Sallie Mae back when they were federal... Sallie Mae should really either be defunct or renamed at this point since they're totally different now. Credit Karma Offers, Inc. is not licensed by the New York Department of Financial Services. Press question mark to learn the rest of the keyboard shortcuts. It seems like Sallie Mae could be your only option for your situation. It then became private and started offering private student loans, although at one point it had a contract to service federal loans.

In the end it took weeks and many frustrating phone calls and arguments with them for me to finally be free of them. Otherwise, just piece it off month by month and when you get some extra income put it straight into loans.

The card offers a 0% Introductory APR for purchases for 12 months, then a regular APR of 14.74% to 24.74% variable applies. It then became private and started offering private student loans, although at one point it had a contract to service federal loans.