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Anyone thinking about refinancing student loan debt

Posted on 5/25/17 at 6:41 am
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/25/17 at 6:41 am
Stay as far away from Sofi as possible. Some of you may remember my post about my father in law asking me to take over my wife's loans after 13 years of marriage over a month ago. Well, as of yesterday Sofi was still f'ing around with the loan. It was always the same bullshite about many checks and balances. The even approved the loan in which we signed then they pulled it again for further review. I could go on but I don't need to. Just stay away from them, it is a total clown show.
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16311 posts
Posted on 5/25/17 at 7:30 am to
Maybe it is just you. I and many others on this site have had great success refinancing with them. Sorry to hear about your troubles with them.
Posted by PillPusher
Gulf Coast
Member since Oct 2009
5710 posts
Posted on 5/25/17 at 7:38 am to
Yeah I'm not sure about your exact situation but I used SoFi and it took about 15 minutes and was and has been painless.
Posted by bwallcubfan
Louisiana
Member since Sep 2007
38122 posts
Posted on 5/25/17 at 7:43 am to
So will you not be going to the SoFi social gatherings that look so fun on the commercials?
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/25/17 at 7:45 am to
Was that for a re-fi? My stituatuin should be a no brainer in my opinion. We make plenty of money, have little debt, own a home with a low mortgage payment and both have excellent credit.

Like said, they approved us and the docs were e-signed. Then they pulled it for whatever reason.

ETA: the only thing I can think of is my 1099 form of income, but I gave them tax returns for as far back as they requested. Those 1099s showed increasing g income every year.
This post was edited on 5/25/17 at 7:48 am
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 5/25/17 at 7:58 am to
I refi'ed with SOFI.

Could not be happier.

It is probably something up with your application. Instead of bad mouthing them on here which will get you nowhere, how about you work to address the issues on your application.

Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/25/17 at 8:01 am to
If it's something with my application you would think they would have pointed this out in the last month. They deserve to be bad mouthed in my opinion. Their communication was horrible too.
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 5/25/17 at 8:02 am to
There is something you are not telling us. Which is fine we don't want to know.

Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/25/17 at 8:03 am to
Nope. Nothing that I am aware of.
Posted by Mossive
Member since Nov 2016
358 posts
Posted on 5/25/17 at 8:21 am to
they are OT regulars and pulled it after they found out your name is Janky
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/25/17 at 8:21 am to
That makes more sense than anything else.
Posted by lilsnappa
Red Stick
Member since Mar 2006
1794 posts
Posted on 5/25/17 at 11:10 am to
I've had a great experience using Sofi.
Posted by Indigold
Baton Rouge
Member since Sep 2013
1702 posts
Posted on 5/25/17 at 3:21 pm to
As others have said, I used SoFi and got approved within 4 hours and got the money the next day. Customer service has been great. Sorry to hear though.
Posted by lilsnappa
Red Stick
Member since Mar 2006
1794 posts
Posted on 5/25/17 at 4:34 pm to
Sounds like they don't really want to refinance your loan.

There are about 10 other options, maybe try one of those?
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