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Jason Spencer Learns the Hard Way That Student Loan Assistance Sweeps Continue in TX and PA

It now appears the sweep recently announced by the Federal Trade Commission against student loan assistance companies was wider than first thought. Although Jason Spencer, Student Loan Relief, Student Loan Relief Texas, and Your Student Loan Relief were not named in the federal action there was an apparent coordinated effort by Texas and Pennsylvania against … Read more

It’s Official Now, Student Loan Assistance is the New Debt Settlement

This week has been a big week for the student loan assistance niche. Not only were groups like the New York Times and Wall Street Journal publishing articles about this vertical but a tipster (send in your tips here) just pointed out the Scott Law Group in Washington State is on the hunt for harmed … Read more

Consumer Assistance Project Website Raises Real Concerns. Be Careful.

A reader just submitted a complaint report about a company called Consumer Assistance Project. The consumer said the company said that for a fee they could “help eliminate debt and because I am a teacher, it was to be very successful.” The fee charged is alleged to be $5,698. This of course raised substantial red … Read more

Student Loan Assistance Report Out. Shows Danger of Such Programs.

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. … Read more

Is Student Loan Relief a Legitimate Company to Help Me With My Student Loans? – Andrew

“Dear Steve, My wife has defaulted on a student loan (federal). We just received a first call from a collection agency. (Performant Recovery Inc.) They stated we have 48 hours to supply them with all bank statements for 2012 and fill out a very personal form. We are not making enough money to pay this … Read more