Date Received: 2017-05-08T00:00:00 Product: Federal student loan debt Issue: Communication tactics Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: Received a missed call to my business phone number on XXXX / XXXX / XXXX at XXXX XXXX XXXX from XXXX XXXX XXXX XXXX . They did not leave a message. Received another call …
“Dear Steve, I was one of the Everest Students of Anaheim where they illegally forced us into multiple loans including their private Loan company Genesis. They lied to me on multiple occasions, and forced me to take out more money on my loan AFTER they told me I was graduating that month, only to find …
Today, the Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education announced more than $480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans. ECMC Group, the new owner of a number of Corinthian schools, will not operate a private student loan program for seven years and agreed …
Bloomberg Businessweek is reporting that Educational Credit Management Corporation, an IRS educational charitable nonprofit group, paid Joshua Mandelman, a student loan debt collector for ECMC, nearly $500,000 in a single year. ECMC’s debt collectors earn bonuses as a reward for extracting money from defaulted borrowers. In 2010, the bonuses for top performers amounted to as …
