What Student Loan Assistance Companies Are Not Telling You With the surge in companies that are selling student loan assistance programs it seems their product is most commonly just filling out paperwork to enroll people in income driven repayment programs for federal student loans. It’s an easy sale, “We Can Lower Your Payment,” is a powerful message that resonates with ... Read More »

An amazing reader Alicia sent in a new debt relief mailer through my I Buy Junk Mail program. Alicia received a mailer from good old postal permit 1297 in Sacramento, California which promises some amazing student loan benefits including total loan forgiveness. The outsides of the mailer does not say who the sender actually is and my opinion is it ... Read More »

For companies interested in selling student loan debt relief it appears a new organization has formed, led by noted debt relief attorney Robby Birnbaum of Greenspoon Marder. The group, Association for Student Loan Relief (AFSLR) is holding their first meeting in Las Vegas on December 12, 2013 at Mandalay Bay. Early sponsors of the association are listed as Greenspoon Marder, ... Read More »

Both the National Consumer Law Center and this site have provided warnings to consumers over student loan assistance programs that can do more potential harm than good. But an insider with a student loan assistance company and now tipster (send in your tips here) sent in the following warning for readers. “I’m not using my real name for employment reasons. ... Read More »

Thom Fox co-hosts a radio show “The Engine” and spent some time talking to me recently about the debt relief world today and what good options are available for consumers. It was a great interview since Thom knows the credit counseling world like a Boss! He used to work for Cambridge Credit Counseling but has moved out on his own ... Read More »

The flurry of student loan assistance programs exploding is the latest debt relief pitch rolling out. I’ve covered these here, here, here, and here. An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. The consumer lives in Canada but the mailer came from the same notorious postal permit 1297 in Sacramento, California. ... Read More »

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. The report is titled “SEARCHING ... Read More »

“Dear Steve, I am a bankruptcy attorney and looking to provide services to those with student loan problems, as well. You appear to believe most or all companies that help you with student loan issues are scams. Do you think there is any student loan service that can be provided to the public that is not a scam? I genuinely ... Read More »

Recently the site has received a number of great comments about if student loan consolidation assistance services should be regulated or are already regulated under state laws.You can read all the article on this topic, here. When talking about compliance issues for student loan assistance programs the argument seems to come down to one of two statements. We Are Not ... Read More »

The more I talk to regulators around the country the more I’m hearing that student loan assistance companies that charge advance fees are operating illegally in a number of states. The issue is a bit murky at the moment but the argument is student loan assistance companies are charging advance fees and charging a fee for a service to assist ... Read More »

Company Name My College Loan Support Default Student Loan Specialists Our Impression of What the Company Offers to Consumers Student loan consolidation services. However, the company can’t be verified, the management is a mystery, the local appears to not be a real address and the domain ownership is hidden. The company also did not send the client agreement for review ... Read More »

Since I started writing about student loan rescue or assistance programs that look like they take unfair advantage of consumers I’ve heard from some that would like to know what a “legitimate” student loan assistance program actually would look like. You can see the current list of articles on this subject of student loan assistance or rescue issues, here. My ... Read More »

There has been a sudden rise in the number of companies that are selling purported student loan assistance programs. Recently I covered three such programs here, here, and here. You can see all the stories on student loan rescue companies here. One of these programs was even being sold by an IRS approved non-profit charity that targets military members. The ... Read More »