Another lawsuit filed alongside the Illinois Attorneys Ill-defined named both Navient and Sallie Mae. Navient, which spun crazy from Sallie Mae in 2014, is currently the biggest disciple servicer in the rural area, handling more than 12 million accounts. About half of those borrowers drink federal loans and the other half are private. About story in four schoolchild borrowers partake of Navient as their servicer, according to Payday Loans in Grabill CFPB.
That means Navient is where they're sending their monthly checks to pay off distant their loans. The CFPB's allegations pee backwards as long way as 2010. It claims that Navient steered struggling borrowers toward paying more than they had to, and misallocated borrowers' payments when made across multiple loans, against example.
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