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Wednesday, May 6, 2015

When ‘student debt relief’ isn’t what it seems (@JillianBerman @MarketWatch)

If you have student-loan debt, and have been contacted by anyone claiming that they can help enroll you in a new government program that will forgive part of your debt, make sure you aren't getting scammed:

Full article at Market Watch

"“What we’ve seen is a cottage industry of companies making false promises that they can rescue borrowers,” said Rohit Chopra, the CFPB’s student-loan ombudsman. Chopra said that shortly after the bureau opened in 2011, officials started seeing signs that some of the same tactics companies used to lure mortgage borrowers into scams were showing up in the student loan market."



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