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 …
The Federal Trade Commission and the State of Florida have taken action against two operations charged with running phony student loan debt relief schemes, and defendants in a similar FTC action brought earlier this year have agreed to a ban on participating in any debt relief business, as part of a consumer protection crackdown to …
The Federal Trade Commission has charged a debt relief operation with falsely representing to financially distressed homeowners and student loan borrowers that it would help get their mortgages and student loans modified. At the FTC’s request, a federal court has temporarily halted the operation. The agency seeks to permanently stop the alleged illegal practices and …
I received an email asking me if I knew anything about a new website SelectSLHelp.com. I have to admit, I’m scratching my head about the website. According to public domain records the domain name was created on July 1, 2015 but their testimonial page has testimonials that appear they have been around longer. One testimonial …