A very kind reader sent me the following letter they received and they wanted to know if the government was really going after them. After all, they didn’t have any past due student loan debt.
The mailer below raises a number of issues. Probably the most important is the appearance can easily confuse people this is official communications from the federal government regarding student loans. It’s not.
This is a marketing letter which wants people to call in and talk to a sales or marketing representative so services can be sold.
It’s also strange the letter specifically states the data was pulled from credit bureau reports. It’s not clear at all what permissible purpose the sender of the letter could have to do that. Other debt relief companies are being sued over such actions.
What makes this letter very deceptive from my point of view are the statements regarding settling the debt, stopping collection calls, and avoiding costly debt management. It’s not so cut and dry when it comes to federal student loans.
The letter reads like one of the many debt relief mailers sent over the years for debt settlement services.
If you have received one of these Department of Treasury Publication 4681 letters than you should exercise some good consumer smarts and carefully investigate the claims and company, whoever they are, before jumping.
I would recommend that anyone considering using such a company should read the following free guides.
- The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
- 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
- How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.