New Stats Out Paint Depressing Outlook on Student Loans

The Consumer Financial Protection Bureau just published their annual report on student loans. Some of the data jumped out at me. Fun Facts Students who take out college loans but don’t graduate are three times more likely to default than borrowers who complete. The average amount of recent defaults, as of March 31, 2020, is … Read more

Venable Attorneys Win a Divorce From Albert Kim and Kaine Wen

Last week we had the messy divorce between Albert Kim and Kaine Wen and their attorneys at Venable in the action against Premier Student Loan Center. Venable was caught in a tough spot with the “it’s not us, it’s you” dilemma, and anyway it was said Wen and Kim were not going to be able … Read more

Premier Student Loan Center – Consumer Complaint – July 17, 2018

Consumer Statement: Betrayed and violation of trust! My daughter graduated from college in May 2018 and Liz claiming to be from Premier student loan center called offering student loan forgiveness assistance. The phone # she called from was 949-202-4805 and her voice mail gave a different name, Shelby. Liz requested my daughter and I pay … Read more

Premier Student Loan Center – Consumer Complaint – June 15, 2018

Consumer Complaint Submission

Consumer Statement: I don’t even know how they got my name and number I was in the hospital with my husband who had a stroke. They someone said they would help me get out of my student loan debt. I was under a lot of stress thought this was legate. Consumer Action Taken: Well they … Read more

Premier Student Loan Center – CFPB Complaint ID 2764721

Consumer Complaint Submission

Date Received: 2017-12-27T00:00:00 Product: Debt settlement Issue: Fraud or scam Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: In mid XXXX a company called Premier Student Loan Center contacted me and told me about a loan forgiveness program. They stated that this program would forgive all my loans but that I would need … Read more

Premier Student Loan Center – Consumer Complaint – February 20, 2018

Consumer Statement: I was contacted by a member of Premier Student Loans, we went over how much I owed for my student loans, how many people were in my family and how much money I made. He went over the numbers with me and told me that I qualified in partial loan forgiveness. I would … Read more

Premier Student Loan Center – CFPB Complaint ID 2736410

Consumer Complaint Submission

Date Received: 2017-11-22T00:00:00 Product: Debt settlement Issue: Fraud or scam Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: I received a phone call on Monday, XXXX XXXX, 2017 at around XXXX from a company called Premier student loan center claiming that they worked to help people deal with their student debt in which … Read more

Premier Student Loan Center – CFPB Complaint ID 2689151

Consumer Complaint Submission

Date Received: 2017-09-30T00:00:00 Product: Debt settlement Issue: Fraud or scam Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: On XXXX XXXX, I contacted the Premier Student Loan Center as a way to help consolidate my loans and possibly forgive a portion of my loans. I spoke with someone who was a representative of … Read more

Premier Student Loan Center – CFPB Complaint ID 2437472

Consumer Complaint Submission

Date Received: 2017-04-17T00:00:00 Product: Debt settlement Issue: Excessive fees Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: I received a call from XXXX XXXX of Premier Student Loan Center explaining that his company could reduce my student loan debt through debt consolidation. I explained that I had never qualified for a program like … Read more