From: oa.kderouen {Karen DeRouen} (oa.kderouen@forum.utexas.edu)
Date: Wed Jan 29 2003 - 09:24:19 EST
Our collection agencies as well as the University accept credit card
payments for loans at a collection agency.
Karen
*******************************************
Karen DeRouen
Loan Collections Supervisor
Student Accounts Receivable
The University of Texas at Austin
(512) 232-4063
(512) 471-0212 fax
*******************************************
-----Original Message-----
From: Keith Fitzsimmons [mailto:kfitzsim@kumc.edu <mailto:kfitzsim@kumc.edu>
]
Sent: Tuesday, January 28, 2003 4:24 PM
To: bursar-l@virginia.edu
Subject: Re:
>>> Linda Winslow <lwinslow@clarku.edu> 01/27/03 11:08 AM writes in
part>>>
It was my understanding that it was a Federal Law that Collection Companies
could not allow a borrower to pay off their student loans using a credit
card... this is illegal?
Linda:
Below is a response from one of our third party collection agencies, Credit
World Services of Mission, Kansas. Hope is it helpful. Keith Fitzsimmons
Univ of Kansas Medical Center
<schappel@creditworldservices.com> 01/28/03 12:48 PM >>>
Keith,
I haven't ever heard of this rule before. Could someone let us know where
it came from? We, like all other agencies that I know of, accept credit card
payments. If you have a source, please send it to me and I'll check it out
for you. Shirley
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