The student is not eligible to be a borrower or cosigner. Parent Loan: This information is for borrowers with students attending participating degree-granting schools. American First Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers. These loans are made by Sallie Mae Bank or a lender partner. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Student loans from American First in partnership with Sallie Mae could help!īorrow responsibly. Whether youre an undergraduate student, graduate student, or parent, get money for school from Sallie Mae. Student Loans For American First Credit Union By Sallie Mae If American First Finance has threatened to sue you, contact Agruss Law Firm as soon as possible were here to help. If you receive notice of a lawsuit, contact an experienced attorney as soon as possible, even if you intend to represent yourself pro se. If you ignore the lawsuit, the default will be entered and the agency may seek to garnish your wages. If youve been sued by American First Finance, do not ignore the lawsuit you may have defenses. American First Finance can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs. High levels of debt could constrain management’s ability to react to various economic scenarios and business conditions.įigure 10 – FCFS balance sheet Can American First Finance Sue Me As shown in the Figure, net debt stood at $1.2 billion at the end of Q2 and is 3.3x LTM adj. Balance Sheet Also A RiskĪnother risk to FirstCash is that it took on significant amounts of debt to complete the AFF transaction. They refuse to correct their own mistakes half the time, and have absolutely 0 viable solutions for errors they make when withdrawing payments. They charge you when they shouldnt, they don’t follow their own guidelines or abide by the agreements made with the customers. Listen to some phone calls and complaints customers have made. This institution needs to be reviewed by a governing body.They do not even give you monthly statements. No one even explains the 101 day policy to you at the start. They put you on a scheduled payment plan and charge you a fee 3x the amount of your credit after 101 days even though you have not missed any payments. They are robbing people with vague and bogus contracts and no explanation of contracts details. We bought a bed and mattress for around $1000.00 and change but they’re charging us almost $3000.00 if we don’t pay off early.
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