Federal student loan scams. FTC Takes Action against Operators of Student Loan Debt Relief Schemes and the Financing Company that Assisted Them

How to spot a student loan scam

federal student loan scams

Hi Robert, Thank you for insight. What Sorts of Student Loan Scams Should I Watch Out For? There is not a bunch of paperwork to fill out, it has all been streamlined to that one website. I just have a feeling that this is too good to be true. There is no guarantee it will work, and even if it does, it takes months or years. I have received a call from student advocates saying they can help me with my student loans.

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How to spot a student loan scam

federal student loan scams

I told them I would call them back bc I felt really uneasy with them having my ssn and my work information. My wife contacted a company by the name of 1file. That is how I start research and find out your article. I called them recently because I got a letter from a collection agency charging in full. Is it possible to return to the gov. The company is The Student Loan Relief Department. On the agreement says that I can cancel it anytime with 50% money refund.

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Scam Alert: Student Loan Forgiveness Scam

federal student loan scams

Hi, my roommates and I went to a college that was run by edmc and is being sued by numerous people and the government for fraud and a bunch of other things. But they do not mail anything and would not when I requested information. Could you please give some advice or insight on this company and my current situation before they take money out of my account next week? So I am being charged money for them to do nothing. If so, then it should be stopped! Other numbers noted are 866-855-3443, 866-262-6116, 866-456-9828, 866-472-9458. No one can help you but The Department of Education, Fed Loan Servicing,Nelnet, Navient or Great Lakes. This all sounds great, and I can pay it! It just combines them to make it easy to manage.

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2019 Guide to Avoiding Student Loan Forgiveness Scams

federal student loan scams

I answered the call and talked with a live person. Please cancel and use the money directly to pay off your student loans. Hi Robert, Thank you for all your very helpful answers. Please note that it will take longer to process your complaint if submitted by mail or fax. That it is not possible or feasible for a company to offer lower rates than studentloans. They literally called me very single day, multiple times for about 5 months from different numbers yet I still gave them my credit card info? They lie when they say that they can do that. I am pretty sure they are a scam.

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The Most Common Student Loan Scams (And How To Avoid Them)

federal student loan scams

They gave me options of loans and even an option to have a income based loan I would need to verify my income every year. Why trust your federal loan servicer? I suggest people try to do the same and sip these scammers. The fee can be anywhere from 1-5% of the loan amount. However, I asked that they email me a website to check out the company and reputation. Most borrowers who get involved in this don't realize they took out a new loan, and there are repercussions if you cancel or don't pay such as interest and collection fees. We expect participants to treat each other and the bloggers with respect. Basically they would be dealing with my lender.

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The Most Common Student Loan Scams (And How To Avoid Them)

federal student loan scams

Should I look to work with a government company for this or should I try to work something out with my current lender. Did They Contact You Using An Auto-Dial System or Robo-Dialer? Third, as a last resort, you can consider enlisting the help of a student loan lawyer to look over your situation and see if they can help. Also, with Federal student loans, the options are very cut and dry. Now I am having to go through a friend of mine who has helped me more in 3 months, than the Square One Resolutions people did in the time I was paying them! Little bit later I called and cancelled as I got nervous about it. He claimed I never called, he also said I could not cancel, until I told him that I can and he did not even have all my documents. You can do it all for free at StudentLoans. What do I do know now that I already signed forms? We just wanted to know if any others in this forum has experiences with them.

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Scam Alert: Student Loan Forgiveness Scam

federal student loan scams

Should I be concerned be the deal offered from Student Aid? So I received a call yesterday, I think it was from something I filled out online off of facebook about seeing if you qualify for student loan forgiveness. I signed the paperwork to get the new loan to pay off my old loan in 2007. Or is that simply a scenario that is too good to be true? But the person on the phone said other wise. I emailed them after they had me electronically sign paperwork as well. You are simply paying them to rehabilitate your student loan. Am I going to get scammed any more, you think? According to what I am reading here, you are saying that I could have gotten this information for free and without the hassle.

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FBI Warns of a New Student Loan Scam

federal student loan scams

You should consult a licensed financial professional before making any financial decisions. I contacted my bank today and they are filing a dispute on 2 of the transactions, but the other 2 transactions were paid with my welfare card back in February and March. Did you check with your lender directly to follow up on the progress? We recommend you do the paperwork yourself and not pay a service fee. The school went bankrupt several years after i had left. Comment Policy: We invite readers to respond with questions or comments.

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