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Old 03-11-2009, 08:37 PM   #7 (permalink)
Junior Member
Join Date: Mar 2009
Posts: 4
Actually the promissory note does not have any loan terms on it because I signed it before the loan was approved. The only thing it says on it is my basic information and a long paragraph which I have read over and over that says it gives them the right to check my credit, it gives them the right to contact Sallie Mae regarding my original loan, and I LOVE the very last line that says: By signing this promissary note and application you understand that you are under no obligation to accept credit from this bank even if you are approved for the loan. When I read that line to them on the phone they didn't really have alot to say. I recieved the term of the loan after I signed that and my loan was approved on the Loan Disclosure form which also says that if I don't want the loan I should contact them which I did....and here we are now.
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