Are You a Victim of Student Loan Scams?
Student loan scams are on the rise and fraudsters are using more sophisticated and sophisticated methods than ever before.
It’s not hard to see this: students leave their studies in debt on average $ 30,000, with all the attendant concerns about how to get it back. In other words, they are ideal targets for scammers who exploit people’s emotions and financial insecurity to get what they want.
As we said earlier, services that offer to lower your payments or provide you with forgiveness in exchange for a fee are most likely scams – you can do it all yourself and for free. Another red flag: a company that reaches out to you first, perhaps by leaving voice messages, emails, or text messages asking you to “act now” to qualify for forgiveness programs before they end, or if the company asks for your federal a student card that you should never share with anyone.
But there are undoubtedly many other scammers awaiting disclosure. If you have been a victim (or attempted victim) of a student loan scam, I would like to hear from you. Let me know in the comments or email me at alicia.adamczyk@lifehacker.com .