This is an incredible audience for student
loan forgiveness scams.
Now those examples may be more bad advice than outright student
loan forgiveness scams where you get mugged in a dark alley, but when you are paying good money to someone who is selling you a professional service and they can't even get the basics right, that's a scam in my book.
Are you aware of the numerous student
loan forgiveness scams taking place across the United States?
Although the programs above are legit, you'll want to be on the lookout for
loan forgiveness scams.
Along the way, be on the lookout for student
loan forgiveness scams that are after your money, not your well - being.
Although you have to watch out for student
loan forgiveness scams, you can find legitimate forgiveness programs offered by the federal government.
Only
loan forgiveness scams will ask you for advance fees.
So if someone is promising to erase your debt with a private lender, it's probably a student
loan forgiveness scam.
Don't fall into a student
loan forgiveness scam!
Read on to learn some other warning signs of a student
loan forgiveness scam.
Chyna didn't do anyone any favors late last month when she advertised a phony student
loan forgiveness scam on her Instagram account.
Not exact matches
Many of them are
scams, and won't tell you the most important fact about student
loan forgiveness — you don't have to pay for access to these programs (such as the ones mentioned above), they are free to apply for through the federal government directly.
But no matter how many
scam letters you get in the mail about «qualifying for
loan forgiveness,» you're probably going to have to pay them all back.
I just set up a consolidation and possible
forgiveness program with The
Loan Center Helpmyloan.com and then panicked about a possible
scam which led me here.
I'm reading a lot about
loan consolidation
scams, but is the for - profit university
loan forgiveness thing true?
I signed up with their 20 year
loan forgiveness, but I am concerned now after talking with my father that it may be a
scam.
This company allegedly
scammed student
loan borrowers out of at least $ 11 million by falsely promising
loan forgiveness, lowered monthly payments, and reduced interest rates.
First off, there is no such thing as «Art Institute
Loan Forgiveness Program», so any company advertising that is a
scam.
The
forgiveness myth and
scam has gotten so bad that Facebook completely banned most student
loan related ads.
How do you recognize legitimate personal
loan, debt
forgiveness, and
loan consolidation companies that are not
scams?
In short, there are many ways to fall victim to a
scam, but one of the simplest and easiest
scam opportunities lies in the prospect of student
loan forgiveness.
In this case, the prospect of student
loan forgiveness is being exploited by today's
scam artists.
Student
loan forgiveness is pretty much every borrower's dream, but the prospect of
forgiveness can also be used to
scam people which is what the Better Business Bureau (BBB) is warning students about in St. Louis, Missouri.
A sure sign of a
scam is any company that offers to secure
loan forgiveness, or get you out of default.
Student
loan debt
scam companies prey on desperate borrowers, selling free government services as their own and over-promising debt relief like
forgiveness and settlement.
To avoid falling prey to these types of
scams, borrowers should avoid any companies that are offering quick
loan forgiveness or require large upfront fees.
Similar text message
scams were reported in 2015 throughout the country, stating that the recipient's student
loans were pre-qualified for
forgiveness.
It may be easy for student
loan borrowers with multiple student
loan balances and servicers to fall for the
forgiveness text message
scam.
Over the last year, thousands of student
loan borrowers have been involved in a student
loan forgiveness text message
scam.
Furthermore, student
loan forgiveness and debt relief
scams have popped up around the country in various different ways.
Student borrowers, known for desperation and high levels of debt after graduation, are often the target of
scams that promise debt relief, student
loan forgiveness, and more.
Unfortunately, the
forgiveness text message
scam is just that — an enticing text from a fraudulent person or company, trying to gain information from a student
loan borrower and ultimately, money in exchange for whatever service they purport to provide.
Though the promise of complete
loan forgiveness may appear to be the solution for college graduates bogged down with student
loan debt, accidentally getting
scammed can create far more trouble.
When it comes to student
loan forgiveness, a
scam typically involves charging a fee for a service without providing any service, or it involves making a payment for a service that could easily be done for free.
So when a woman heard about a
loan forgiveness program from President Obama she was thrilled, until she learned she, like so many other recent grads, had just been
scammed for several hundred dollars.