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re: 401k loan default question
Posted on 12/21/13 at 4:36 pm to dillpickleLSU
Posted on 12/21/13 at 4:36 pm to dillpickleLSU
Why would they need to send you something telling you to make payments on the loan? We're you not already making them before the account transferred?
You sound at fault on this one completely, but best of luck!
You sound at fault on this one completely, but best of luck!
2
Posted on 12/21/13 at 6:03 pm to HurricaneDunc
quote:
Why would they need to send you something telling you to make payments on the loan? We're you not already making them before the account transferred?
Ehhhh, If I have a loan transferred and after checking my online statement/no paper statements are coming in and maybe, let's say, not even a balance is showing, I'm definitely not just "sending in a payment" until I can reasonably rely that they have their shite together. Believe me, I've ran into a really shite situation with one of my student loans being "lost" for almost a year due to a transfer.
Of course, I was also on the phone maybe 50 times during that period working to get it figured out. I wouldn't just sit around either.
Posted on 12/22/13 at 4:04 pm to HurricaneDunc
Well a coupon book would have been nice....they never sent that....the only thing I ever got was a notice that my initial payments were late...so I called and got that straightened out and got the payments straight...the lady said she'd send me a form for auto pay....I got the form...sent it back....noticed that the payments hadn't gone through in a couple months....hadn't received any further notices...so I went check into it and sure enough it said I defaulted
Eta....before the account was transferred Wells Fargo automatically took the payments out of my paycheck.....no action was required on my part.....if it were any other bill I'd have been on top of it, I just don't have the time to look at my 401k once a week
Eta....before the account was transferred Wells Fargo automatically took the payments out of my paycheck.....no action was required on my part.....if it were any other bill I'd have been on top of it, I just don't have the time to look at my 401k once a week
This post was edited on 12/22/13 at 4:08 pm
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