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
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.
Not exact matches
On top
of this, she has put pressure on student
debt relief scams with strict oversight.
Since those searching for
debt relief have been warned about
scams, and have already read countless articles on saving money, paying down
debt, borrowing from family and friends and shopping for lower interest credit opportunities, I wanted to liven things up a bit with a different type
of get out
of debt plan.
A growing number
of student loan borrowers in distress have been
scammed by
debt relief companies promising to resolve student loan repayment issues.
The
Scam «We'll reduce your
debts by 70 % through a government mandated
debt relief program» «We restructure your
debt through a 100 % legal program approved by the court» «We work for you and not your creditors» Have you heard
of these catchy slogans from
debt consultants who will tell you anything you would like to hear?
And some
of the companies that promise student loan
debt relief are
scams.
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.
There are many programs promising
debt relief out there, and many
of them are
scams.
No matter what
debt relief program you want to try, it's always important to beware
of scams.
In dealing with consumer
debt, every single day, I've seen so many
scams and companies that take advantage
of people in trouble that it's about time I wrote a comprehensive guide about what to look for and how to identify a great
debt relief company.
Many
debt relief scams are out there to take advantage
of people who are already in difficult financial situations.
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.
One
of the more recognizable
scams involved Blac Chyna, a reality TV personality, who promoted a phone call
scam offering
debt relief
The
scam companies are shrouding like a black cloud over the
debt relief market and take advantage
of the susceptible debtors to extract money from them.
In my
debt relief law firm, I regularly take on clients who have been the victims
of scams from
debt settlement companies.
Beyond the blatant
debt relief scams, most
of the
debt relief industry is trying to get you to... [Read more...]
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.
Lack
Of Business Address Debt relief scams are easy to conduct and are difficult for any government agency to stop because they can be operated from anywhere in the world, including someone's basement, and reach a large number of people in a short period of tim
Of Business Address
Debt relief scams are easy to conduct and are difficult for any government agency to stop because they can be operated from anywhere in the world, including someone's basement, and reach a large number
of people in a short period of tim
of people in a short period
of tim
of time.