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 …
Today the Consumer Financial Protection Bureau (CFPB) requested that a federal district court enter a final judgment and order that would shut down a student debt relief scheme that charged borrowers millions of dollars in illegal upfront fees for federal student loan services. If approved by the court, the proposed judgment would ban the company, …
The Consumer Financial Protection Bureau (CFPB) has taken action against some student loan assistance companies that are selling programs to consumers saying they can offer great benefits to those with student loans. The CFPB went so far as to say they “took action to put an end to two student “debt relief” scams that illegally …
“Dear Steve, I have used student loan processing.us to help consolidate my student loans. Unfortunately, I didn’t do good enough research before, now I am stuck. Their payments and interest rates are higher than quoted and they did not tell me this before sending my loan info on to my new lender. Now they refuse …
“Dear Steve, I just signed up yesterday with student loan processing. US, but have paid no money as of yet. I signed an agreement that says I will get 100% of my money back if I am rejected for a federal student loan consolidation by Dept of Ed. The contract states how much, what the …