How Student Loan Servicers Misapply Your Payments

Lucas and Luna dive into a hidden but costly student loan servicing issue: payment misapplication. Using a real example from a borrower with multiple loans at different interest rates, they explain how servicers can apply extra payments to the wrong loan, costing borrowers thousands in extra interest. They discuss how to check your loan statements, what to look for in the fine print, and how to request a correction. Specific tips on requesting written confirmation and escalating to the Consumer Financial Protection Bureau. A must-listen for anyone with multiple student loans who wants to avoid overpaying. #StudentLoans #LoanServicing #PaymentMisapplication #DebtPayoff #Finance #PersonalFinance #FexingoBusiness #BusinessPodcast #LucasAndLuna #CFPB #InterestCosts #LoanRepayment #BorrowerRights #ExtraPayments #LoanConsolidation #FinancialLiteracy #DebtStrategy #MoneyTips Keep every episode free: buymeacoffee.com/fexingo