NerdWallet has published a list of 130+ student loan assistance companies that they say consumers should be wary of. They say “This Watch List names companies that charge for fraudulent or questionable debt relief services.” Companies that made the list have been investigated, penalized, or sued by state or federal authorities. The companies they list …
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’ …
The National Consumer Law Center has just released their latest report. This one is all about student loan assistance programs. While I have been reporting about this new debt relief solution, the NCLC report goes into more detail. I was happy to see they referenced a number of the articles I’ve written in the footnotes. …
“Dear Steve, I have been speaking with the Federal Student Aid Relief I havent signed or paid anything yet. I was hoping this was for real because I really need help. So this is a scam? What should I do? What company can help me with my loans because I am drowning.. Kari” Dear Kari, …
Consumer Statement: I was a victim of scam. I was told by Rick that he is a debt consolidate counselor and here to help me consolidate my student loan. He has a power to stop wage garnisent, stop tax refund offset, and since my salary is under $23000 annually family of four, I do not …
Consumer Statement: I was told they could lower my student loan rates and cut my loan almost in half. They said the fee was six hundred and I could use a payment schedule. I told them that the loan was in default. My husband had been out of work for a short while, but his …
A reader wanted to know more about a company called Federal Student Aid Relief that operates a website (FederalStudentAidRelief.com) with a picture of a capitol building on the site. The reader claims they did a bit of secret shopping as well and said, “When I called them I got a guy with a heavy New …