The operators of a student loan debt relief scheme are banned from providing debt relief services and have agreed to settle Federal Trade Commission charges that they collected illegal upfront fees and falsely promised to lower or even eliminate consumers’ loan payments or balances. In its 2019 complaint the FTC alleged that Student Advocates Team … Read more
The operators of a student loan debt relief scheme are banned from providing debt relief services and have agreed to settle Federal Trade Commission charges that they collected illegal upfront fees and falsely promised to lower or even eliminate consumers’ loan payments or balances. In its 2019 complaint, the FTC alleged that Student Advocates Team … Read more
Question: Dear Steve, My student loan service, Student Advocates, turned my loan over Titan home loans. Is this company working with the Federal Dept. of Ed.? Is this company (honestly) helping me with my student loan? Patrick Answer: Dear Patrick, I have no clue why a student loan assistance company would redirect you to a … Read more
Earlier today I wrote NY Sues a Bunch of Student Loan Debt Relief Companies and Equitable Acceptance Corporation and now I have a few minutes to take a deep dive into the complaint. Let’s see what the State of New York claims the facts to be against Debt Resolve, Hutton Ventures, Progress Advocates, Progress Advocates … Read more
The State of New York has announced a sweep against student loan assistance and debt relief companies. The New York AG office announcement boldly says, “Companies Contacted Borrowers through Direct Mail, Facebook Ads, and Telemarketing – Falsely Claiming to be Affiliated with Federal Government; Making Multiple Misrepresentations to Get Consumers to Enroll; and Charging Illegal … Read more
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 … Read more
Question: Dear Steve, Recent grad. Loans are coming up. Consolidated my loans, and mom doesn’t know I took out loans in her name (13,000). Need help figure out which plan is best to repay hers so that she won’t find out and possibly kill, sue, or stab me. Have a few questions on what am … Read more