Student Loan Processing.US Shut Down by CFPB

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, … Read more

Government Goes After Student Loan Assistance Companies

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 … Read more

I Feel Like I Made a Mistake Going With Student Loan Processing.us – Terry

“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 … Read more

Student Loan Processing.US – My Observations and Site Review

A tipster (send in your tips here) alerted me about a company called Student Loan Processing. Can the names get any more generic? The tipster (send in your tips here) said “They charge 1% of the debt amount” for student loan assistance. It is unclear from the information I was given if there were any … Read more