John asks…
Pulman Financial Services Loan?
Pulman Financial Services
291 Malden Street
Malden, MA 02148
1-877-570-2835
www.pulmanfinancialservices.com
i have been approved by this lender for 20,000 dollars and they want a 1000 dollar down payment by money gram if i want the loan direct deposited in my bank or i can send a check and wait 7 days
has anybody used them or know if their even a real company ive never heard of them and its seems to good to be true because i have poor credit
Nagesh answers:
This really sounds like a scam.
If it sounds too good to be true, it probably is.
Lisa asks…
can i recieve loans even though on academic warning?
i have a big dilemma. i received my financial aid letter in mid-july and it states “Our records indicate that you are not maintaining SAP standards (which means i’m on academic warning), and therefore, are not eligible for federal or state aid.”
Okay, so i know that means i can’t get any scholarships, grants, awards etc. but does that ALSO mean I cannot receive LOANS? I just recently applied for a loan through the direct loan service website, since my school (Virginia Commonwealth Univ) does ONLY direct loans instead of private lenders. Would this academic warning impede me from getting a loan cause i DESPERATELY need it since my bill is due august 21st, 08. and my parents have insufficient funds to pay for that.
PLEASE HELP! get back to me asap.
Nagesh answers:
Yes, this means you can not get loans either. Loans are federal financial aid. You must get your GPA up before they’ll give you loans or grants or any more financial aid. The school will send it back if they get it because of your grades. Your best bet would be to tell your parents you can’t get fin aid and ask for money or get a job and save up enough to pay a semester at a time. These are the consequences of bad grades in college.
Helen asks…
I rehabilitated my student loans, now they say I have more in default. What gives?
Rehabilitated $18,000 in defaulted student loans and penalties and have been making my payments to the direct loan service center. Service Center says I am good. DIVERSIFIED COLLECTION SERVICES says I have 3 loans in default, yet they do not bug me, never informed me of these and that no bugging part is not in their nature. They total of the loans that are defaulted and rehabilitated equals the 18,000 I rehabilitated.
I am just confused and a little mad at this. I just wanted some info and advice.
thanks
ps.
I know DCS is the scum of they earth. Feel free to vent but I want some advice.
Nagesh answers:
You should contact DCS and have them send you detailed information on the loans they claim are in default. Then you should compare them to the loans that you have rehabilitated to ensure that you have not overlooked money borrowed at another time or school. If the loan(s) they are attempting to collect are the exact ones that you have rehabilitated, send them a short letter indicating that those loans have been satisfied and then ignore them.
Joseph asks…
Student Loans (ICR + Consent to Disclose Tax Info)?
I just finished a 9-month rehabilitation repayment program for my student loans. I was paying $140/mo for 9 months..
Now I’m dealing directly with Direct Loan services. I spoke with the lady at customer service to try and lower my monthly payment, they put me on a pgram called (ICR) Income Contingent Repayment Plan.
I wanted them to lower my monthly payment and told them I make much lower than what I really make. They told me fill out 2 forms “Alternative Documentation of Income” & “Consent to Disclose of Tax Information”
My question is: If I fill out theses 2 forms and send them in, and they check my IRS records and see that I make more than what I told them, will they make me pay more than what I was paying $140/mo for the student loans???
Nagesh answers:
Possibly, yes.
The Income Contingent Repayment Plan is designed to directly relate your monthly payment to your income (as the name suggests). The lender or loan servicing agency uses a mandatory formula to calculate your ability to pay – so, once they get an accurate picture of your actual income, it’s that income that will determine your monthly payment obligation – not some other random amount that you have been paying in the past.
It’s a virtual certainty that Direct Loan Services will contact the IRS for a copy of your tax transcript – after all, that’s the whole point of them asking you to sign that disclosure form.
I think you’re being drawn into exactly the verification mechanism that lenders use to prevent what you’re trying to do – understate your income, so that you can limit your monthly loan payment. It shouldn’t surprise you that lenders don’t just take the borrowers word for what they can afford. I think most borrowers would tell the lender they can afford about $5.
So, yes. If you’re understating income, I think the Direct Loan Services is about to find this out. Sorry for the disappointing news.
Mary asks…
Where can I find a payday loan that instantly deposit money into your account?
I have tried so may payday services and i keep getting matching services. I just need if someone knows of a direct payday service to get only $500.00 right now?
Please respond back and let me know.
I would appreciate it very much if someone can help me. I am stuck in a emergency and i need some money today no later tommorrow,
Nagesh answers:
Don’t mess with payday loans… Unless you like paying 300% interest and getting ripped off.
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