Quick Answer: Student Loan Rescue USA appears to be a questionable company based on consumer complaints about upfront fees of $500 and promises to cancel all debt. Legitimate federal student loan programs don’t charge upfront fees, and consumers should verify any debt relief company through the BBB before paying.
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:
Every weekday I read the enforcement actions, filings and fine print the outlets skip, and turn them into the one or two moves that actually improve your position — a rate worth moving for, a fee you can refuse, a deadline to beat before it costs you.
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I want to know if they are a legitimate company?
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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
If you feel you’ve been financially hurt by a debt relief company and deserve a refund, read these step-by-step instructions on how to proceed to attempt to get your money back.
If you do get your money back, come back and leave a comment about it. I’d love to praise companies that step-up and do the right thing for people.
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Before You Sign Anything: Run any debt relief contract through the free Contract Decoder to spot hidden fees and unfair terms. Check the company’s complaint history with the Scam-O-Meter.
Compare Your Real Options: Most debt relief companies won’t tell you about all your options — especially the ones they can’t profit from. Credit counseling has a 21-27% completion rate. Settlement resolves about 1% of enrolled debts fully. Bankruptcy has a 95% discharge rate — and protects your retirement. Take the Find Your Path quiz for a recommendation based on your actual numbers.
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