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Student Loan Rescue or Assistance

Why Income Based Student Loan Payments Can Be a Terrible Trap

danger

What Student Loan Assistance Companies Are Not Telling You With the surge in companies that are selling student loan assistance programs it seems their product is most commonly just filling out paperwork to enroll people in income driven repayment programs for federal student loans. It’s an easy sale, “We Can Lower Your Payment,” is a powerful message that resonates with ... Read More »

    Student Loan Forgiveness Scams

    Signs, Road Stencils

    For those looking for legitimate student loan forgiveness help it seems there are bad actors and scammers just waiting to take advantage. Some of the most ridiculous scams I’ve seen seem to circle around misinformation and bad advice for ridiculously high fees. Don’t get me wrong, it is entirely possible for have federal student loans forgiven. I personally think the ... Read More »

      AFBC and Student Loan Payment Reduction Department

      inside of mailer

      An amazing reader, JMAN sent in a new debt relief mailer through my I Buy Junk Mail program. This one is for something called the Student Loan Document Preparation and Processing Services Program, Student Loan Payment Reduction Department, and AF Student Services. The key here is nothing in this self mailer is clearcut. The outside of the mailer looks like ... Read More »

        Government Goes After Student Loan Assistance Companies

        The Consumer Financial Protection Bureau (CFPB) has taken action against some student loan assistance companies that are selling programs to consumers saying they can offer great benefits to those with student loans. The CFPB went so far as to say they “took action to put an end to two student “debt relief” scams that illegally tricked borrowers into paying upfront ... Read More »

          Is This the Same Tim Daniels That Settled With the FTC?

          Google Map street view of 9145 Narcoossee Road,  Orlando, Florida 32827

          A reader sent in an email and said a Tim Daniels was running Student Help Network at IBRPlan.com. So the first thought to come to mind was, “Who the hell is Tim Daniels?” Figuring the reader sent me the email I thought it must be about someone I’ve written about before. Otherwise, the email really made no sense, at all. ... Read More »

            Student Debt Solutions Scares the Hell Out of This Consumer

            begging

            Yesterday I received a call from Matt, a friend, who said he just received a very disturbing call from someone who identified himself as Agent Raymond with the Department of Education. Matt said the call really rattled him and was frightening. Matt said Agent Raymond even gave Matt his badge number. I’ll let Matt tell you what his impression was ... Read More »

              How Can Reven Media be Student Loan Experts?

              puzzled looking little boy looking to the left

              Update and Response from Reven Media I’d like to offer a hat tip and pat on the back to Reven Media for responding to the story below. It is truly uncommon for a company to be open, transparent, and offer a public comment. Reven Media Response to the Story Steve, We sincerely appreciate your concerns to consumers and welcome any ... Read More »

                What Should I Do If My Student Loan Relief Company is Not Delivering Results?

                AFSLR Cover

                I recently asked the Association for Student Loan Relief (AFSLR) to submit a guest post that described what consumers should do when a student loan relief company, and even an AFSLR member, didn’t deliver as promised. Imagine my pleasant surprise when they stepped-up and accepted the challenge. A big hat tip goes out to Ward Welke and Robby Birnbaum for ... Read More »

                  Student Debt Doctor Decides Use of Department of Education Logo is OK

                  oops

                  UPDATE 8-27-2014: Hat tip to Gary White from Student Debt Doctor for pulling the Department of Education logo from the site following the article below. Gary said, “I had no idea that was the Department of Educations logo and have taken it the logo down. I had a friend do the site for me, I asked that he put a ... Read More »

                    Did This Student Loan Relief Company Just Put Out the Worst Ad Ever?

                    Actual event photo. Notice a different website is actually in the banner.

                    A reader and tipster sent in the image below of an advertisement they saw on Facebook. They said, “Check out the attached Facebook ad – they are implying that their website, studentdebtsupport.org, which redirects to Streamline Student Loan, is a part of the College Affordability Act. They also claim in the same ad that “EVERYONE” qualifies for forgiveness, and to ... Read More »

                      Federal Student Loan Notice Mailer Review

                      Click image for larger view.

                      An amazing reader Alicia sent in a new debt relief mailer through my I Buy Junk Mail program. Alicia received a mailer from good old postal permit 1297 in Sacramento, California which promises some amazing student loan benefits including total loan forgiveness. The outsides of the mailer does not say who the sender actually is and my opinion is it ... Read More »

                        It’s Official Now, Student Loan Assistance is the New Debt Settlement

                        Certain death

                        This week has been a big week for the student loan assistance niche. Not only were groups like the New York Times and Wall Street Journal publishing articles about this vertical but a tipster (send in your tips here) just pointed out the Scott Law Group in Washington State is on the hunt for harmed consumers. And let’s not forget ... Read More »

                          Student Loan Rescue Offers Draw Growing Concern and AG Suit

                          law books

                          Just recently more press has appeared about the growing market of student loan assistance companies. One article even said, “For the debt settlement industry, all this means a tantalizing gold mine of new customers. “Your entire student loan can be forgiven,” Broadsword Student Advantage of Carrollton, Texas, boasts in radio ads. Debt settlement companies, which offer to help borrowers lower ... Read More »

                            Deaf Reader Sends in Student Aid Center Transcript

                            Mature woman confused

                            An apparent deaf reader sent in the following TTY transcript of a sales pitch from Student Aid Center. It appears the group is charging the deaf consumer a total fee of about $14,000 ($199 x 3 plus $56 per month for 240 months) for a service the consumer could get for free directly from the Department of Education. If that’s ... Read More »

                              New York Goes After Companies Offering Student Loan Assistance

                              student loan debt

                              Governor Andrew M. Cuomo announced today that his newly established Student Protection Unit took its first official action by issuing subpoenas to 13 student debt relief companies as part of an investigation into concerns about potentially misleading advertising, improper fees, and other consumer protection problems in that industry. In particular, the Department of Financial Services’ (DFS) Student Protection Unit is ... Read More »

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