I called a similar agency to get help with my student loans. Initially I received a litigation letter in regard to my private student loan. They were threatening to follow through thus garnishing my wages. Upon calling “My student loan relief” they asked for my FAFSA pin, I gave it to them, she accessed my information. She proceeded to explain that the private loan should not be at the forefront of my mind because she can guarantee that they cannot do anything for a year because it is costly to them. She then explained that I should be concerned with paying my federal loans first.
She’s charging me an initial entry fee of $299. She’s forwarding me paperwork and asked that I send in copies of my ID, and social security card. She also told me that the paper work she’s sending me needs to be notarized. I’ll be making them my power of attorney. I’d be making my payment for 9 months to the government and pay the 29.95 fee per month. Is this a SCAM. I’m so confused as what to do. Is the information about the Private loan accurate? I need HELP!
Thank you for reaching out to me with your question.
If the company is charging you $29.95 a month until your loans are fully repaid, over 20 or 30 years, then that would be a huge red flag for me.
You might want to read Student Loan Assistance Rescue Scams On the Rise – Buyer Beware and the review I did on My Student Loan Relief.
The Department of Education is very clear that you do not want to give your FAFSA number out to anyone.
Consolidating your student loans or getting them out of default is something you can do yourself for free. Did they tell you that?
That being said, if you want to pay someone to do this for you, that’s your choice. If you’d like for me to look over the client agreement they send you, you can upload it to me here.
You should take threats of wage garnishment very seriously and call the private student loan lender and work out a repayment plan. Then consolidate your federal student loans and consider enrolling them on the pay as you ear, income based repayment plan or income contingent repayment plan.
In the meantime here are some helpful links if you want to deal with this yourself.
Student Loan Resources
You can use the following student loan resources to help reorganize, discharge or forgive your student loan payments.
The Overall Guide to Dealing With Student Loan Debt
Get Help For Your Student Loan Problem
Discharge Your Student Loans in Bankruptcy
- How to Really Discharge Your Student Loans in Bankruptcy. Many Can. But Never Try.
- A Look at Sallie Mae and Other Student Loans Discharged in Bankruptcy in 2012
- Federal Student Loans Discharged in Bankruptcy. A Look at the Surprising 2012 Data and Cases.
- These Private Student Loans Can Be Easily Discharged in Bankruptcy
- All Student Loan Bankruptcy Discharge Articles
Getting Sued Over a Student Loan
Private Student Loan Help
- Top 10 Reasons You Should Stop Paying Your Unaffordable Private Student Loan
- Private Student Loan Lenders Silently Slash Debt But You Don’t Know It
Student Loan Default
Student Loan Forgiveness and Discharge Information
- The Ultimate Guide to Dealing With Student Loans You Can’t Afford
- Obama Student Loan Forgivess Program
- Military Student Loan Forgiveness and Discharge Programs
- Student Loan Forgiveness or Discharge Can Create a Huge Tax Bill. Watch Out!
- Student Loan Public Service Loan Forgiveness – New Forms and Documentation Released
- Government Student Loan Disability Discharge
Watch Out for Student Loan Assistance Programs
- Student Loan Assistance Rescue Scams On the Rise – Buyer Beware
- Student Loan Assistance Report Out. Shows Danger of Such Programs.
Administrative Wage Garnishment
Student Loan Consolidation Information
- Student Loan Consolidation Payment and Interest Rate Calculator
- Student Loan Consolidation Opportunities and the Best Way to Lower Your Student Loan Payments
- Federal Direct Consolidation Loan Online Calculator
Specific Federal Student Loan Repayment Program Information
- Standard Repayment Plan
- Graduated Repayment Plan
- Extended Repayment Plan
- Income Based Repayment Plan
- Pay As You Earn Repayment Plan
- Income Contingent Repayment Plan
- Income Sensitive Repayment Plan
Maybe College Isn’t the Answer
Please post your responses and follow-up messages to me on this in the comments section below.
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