I called AES about a loan I have been making payments on through ACH every month as one of the first steps to repair my credit. When I agreed to this, I received a wage garnishment letter and probably would have agreed to anything at that point. I wanted to see which loan this actually was, if I was rehabbing it by making payments and a few more things. Here is what I found out:
1-This is for FIVE loans that I took out through ACS. I seriously thought it was just one!
2-I have been doing these ACH's for 2 years now.
3-I could have been out of default status a long time ago if I opened the mail they sent me. They need a letter from me and I never sent it back. I just assumed that it was a notification that they were going to deduct from my account on the 1st of every month.
I'm mad at myself for ignoring the mail, but better late than never, right? I will be out of default on Nov. 4th!
What should I do next? My payment might go up because it's for 5 individual loans, so the rep I spoke to recommended consolidation. Is this the right choice?
Message Edited by liltickledpink21 on 10-09-2008 04:08 PM
