Why do I have the sneaking suspicion this is also underhandedly meant to put the kibosh on borrowers snowballing loans, in order to increase interest payout to the lender? Say I’m not going to be able to focus on eliminating the loans with the highest interest first, then it is just going to cost me that much more over time in paid interest.
Not a fan of handing over the control of payments to someone else, either. You know that if there’s a screwup somehow the borrower will get the shaft either way.
