CFPB Complaint

Navient Solutions – CFPB Complaint ID 2751602

Consumer Complaint Submission

Date Received: 2017-12-11T00:00:00

Product: Private student loan

Issue: Struggling to repay your loan

Consumer Consent Provided to Share Complaint: Consent provided

Consumer Complaint: My niece defaulted on a student loan of {$9100.00} through XXXX XXXX on which I was a co-signer, that was referred to XXXX XXXX. I have now lost contact with my niece ( she finished XXXX XXXX and XXXX XXXX XXXX ). The loan went to Navient and now they have turned this over to XXXX XXXX agency. The have offered two options : Pay a lesser amount on the loan ( {$4400.00} ) or pay XXXX to take my name off the loan.

My question is whether this is even legal since XXXX XXXX says only the original loan holder can ask for the co-signers name to be removed?

I want this to be resolved with least cost to me but that will restore my credit ( otherwise excellent ).

Company: Navient Solutions, LLC.

State/Zip: IN 471XX

Company Response to Complaint: Closed with explanation

Was Company Response Timely: Yes

Did Consumer Dispute Company Response: N/A

Complaint ID: 2751602

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In particular what you are looking for was that the company response was timely and that the consumer did not dispute it. The posting of complaints has proven to be a valuable resource for both companies and consumers.

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