Many debt relief scams are out there to take advantage of people who are already in difficult financial situations.
A lack of assistance for struggling borrowers that can lead to loss of critical student loan benefits and protections, borrowers being victims
of debt relief scams, and ultimately default, and
To Read
About Debt Relief Scams and How to Avoid Them — And How to Find Reputable Debt Relief Assistance VISIT THIS PAGE NEXT.
Twitter Office Hours took place on Wednesday, Nov. 15, from 5 — 6 p.m. Eastern time: Federal Student Aid's @FAFSA account partnered with the Federal Trade Commission (@FTC) to answer questions about repaying student loans and how to
avoid debt relief scam companies.
While the Consumer Federal Protection Bureau is expected to scale back on enforcing consumer protection statutes, the FTC has increased their efforts to
target debt relief scams.
In May, the Federal Trade Commission and Florida announced that they took action against two companies who were running fake student
loan debt relief scams.
If you spot
a debt relief scam, we want to hear about it.
If a debt relief company tells you they can settle your debt for «pennies on the dollar,» or that they can «remove bad information from your credit report,» this is a sign of
a debt relief scam.
He'd always been apprehensive about reaching out for help because of all
the debt relief scams in the news.
We invite you to make use of the educational materials posted on the Credible Resource Center, including our comprehensive guides and how - tos on topics like building a strong credit score, claiming the student loan interest deduction, and ways to spot student loan
debt relief scams.
Filed Under: Saving Tagged With: Credit, Debt, Debt Relief Companies,
Debt Relief Scam, Saving Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.
Furthermore, student loan forgiveness and
debt relief scams have popped up around the country in various different ways.
This is the eighth action the FTC has taken in Operation Game of Loans, the first federal - state law enforcement initiative targeting deceptive student loan
debt relief scams.