How Student Loan Servicers Misapply Your Payments

Lucas and Luna reveal how student loan servicers systematically misapply payments, causing borrowers to accrue unnecessary interest and delay forgiveness. They dive into a 2025 Consumer Financial Protection Bureau report showing that over 1.2 million borrowers were affected by payment allocation errors in 2024 alone. The hosts explain the specific tactics servicers use, like applying payments to fees before interest, and how to protect yourself by submitting written payment instructions. A concrete guide to fighting back against servicer mistakes. #StudentLoans #LoanServicers #CFPB #PaymentMisapplication #BorrowerRights #Finance #DebtPayoff #InterestAccrual #ConsumerProtection #LoanForgiveness #PaymentAllocation #ServicingErrors #FexingoBusiness #BusinessPodcast #LucasAndLuna #FinancialLiteracy #DebtManagement #LoanRepayment Keep every episode free: buymeacoffee.com/fexingo