Complaint - Do Not Use MyRichUncle

Review by evdawg on 2008-08-18
The amount of marketing that MyRichUncle uses in order to portray the image that they are willing to help student's get through school is a joke. I decided to go through summer school a little late so was unable to get federal loans for it so I decided to go the private route. Back in April I applied and was accepted but here I sit in August without hearing anything from them since the start of June. Well today I finally heard from them asking for more documents that they never asked for back in April but knowing how these loans work I sent them in (financial award letter from the school, disbursement info, etc.) well apparently they have lost the paperwork and finally decided to get the information they never asked for but I was nice enough to send them and most likely promptly tossed.

Basically what I am saying is that if you ever need money for school do not go through MyRichUncle. My experience has been horrible and this is for someone with a credit score in the 750's imagine if you have one less than that.

The end result of all of this is that I am sitting less than a week from the start of the fall semester without having paid summer school off which has made me kept me from starting the semester. For those of you saying you should have gone elsewhere well I have done that with one of the bigger banks and the money is already on the way in a matter of a couple weeks. The larger banks may be seen as having higher fees but the ease of their process is worth it to me anyday of the week now. Avoid MyRichUncle at all cost if you really want to attend school on time.

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