Urgency is another common sign of all types of scams. The scammer might encourage you to “act immediately” or to “call now.” With student loan scams in particular, they might claim that there’s only a limited amount of loan relief available. If you don’t do what they need you to...
More than 350,000 student-loan related robocalls have been placed in the last two weeks — roughly as many as in the nine prior weeks, Transaction Network Services (TNS), which analyzes calls across dozens of carrier networks to identify robocall scams, told CBS MoneyWatch. The jump in stude...
Student Loan Forgiveness Scams– One of the biggest giveaways to a student loan forgiveness scam is a high-pressure sales environment. If somebody is aggressively trying to push you into a program that willerase your debt, it should be a red flag. Another huge red flag is any fees associate...
How to Avoid Student Loan Scams More Getty Images Be aware of scammers who are out to take your money. Managing student loan repayment can be complicated. If you're like most borrowers you many need help from an expert at some point, whether it's with navigating repayment plans, understand...
"Scammers know borrowers are often vulnerable and desperate, so they target them with scams promising to relieve their hardship," RoboKiller said in apost. They likely know if you have considerable loan debt — they may have gained access to your credit report illegally, so they can pull num...
Student loans can be overwhelming and impact a lot of people. Student loan scams have plagued the U.S. for years. Fortunately, a little bit of caution can help avoid most student loan scams. Generally, a good rule of thumb regarding student loans is to double-check everything you are tol...
Student loan debt relief scams.Representatives from private debt relief companies may contact students with promises to reduce or eliminate their student debt for a fee. While some of these companies are legitimate, many are scams, and most will use pressure tactics — such as limited-time offers...
While not all such companies are scams, bad actors are rampant. More than 130 student debt relief entities have histories that give consumers reason to be wary, according to a 2017 NerdWallet public records investigation. » MORE: If a stranger offers you student loan forgiveness, hang up Som...
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years. Oct 1, 2023 Student loan forgiveness scams are surging: "Full discharge " of debt Scammers are seizing on "chaos and confusion" ahead of the resumption of student loan re...
If a company promises to negotiatestudent loan forgiveness, a student loan debt settlement, or have student loans discharged in bankruptcy on a borrower, it’s likely a scam. These scams typically involve a company or individual advising a borrower to pay a large sum to get their loandischarged...