Consumer Statement:
First off, They are asking 500.00. 125.00 in 4 payments starting in Sept. I don’t have there phone number just the company they are calling from. 305-330-9947. The company is Student Loan Rescue, USA. then they said all money owed will be cancelled after they sent in paperwork.
Consumer Action Taken:
I want to know if they are a legitimate company?
Date This Problem Happened: August 12, 2014
State You Live in: Oklahoma
Race/Ethnicity: White
Age Range: 51-65
Total Amount of Fee Paid:
Company Name: Student Loan Rescue USA / Rescue My Student Loans
Company Address:
Company Telephone Number: 305-330-9947
Website of Company: studentloanrescueusa.org, rescuemystudentloans.com
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1st you can do one of two things, call your bank to stop any payment being drafted from that company if you don’t feel comfortable. They are a 3rd party service , that puts you through a government program.
Your loans will not forgiven and canceled until a certain period of time goes by 10 years public, federal, and non profit workers…20-25 years private workers. You will need be IBR payment plan for the whole term to qualify for any forgiveness . Your loans will accrue interest if your not covering the full payment. You payment based on 150% of the US Dept of Education Poverty Line index time 150%. You be liable pay 10%-15% depending of your income after that toward payment. Up to max repay.
Only cancellation you can get is a total discharge if your 100% disabled .
Make sure your comfortable working with them sometimes working with someone easier then doing yourself since , it can get complicated if you situation is complex. If you dont want to visit http://www.studentaid.ed.gov for info… or to consolidate studentoans.gov.
Good Luck