Imagine charging someone for debt relief, when all youre
doing is filling out government forms. Thats what has been going on for years when it comes to college loans. And its classic financial exploitation.
Desperate borrowers go
to websites claiming loan forgiveness and often get charged for free
government services. Its clearly a swindle, but federal regulators have
been slow to shut it down.
When I
started looking at these firms more than two years ago, I noticed that they
would always pop up first in online searches for student loans. But none of
them were legitimate government sites run by the U.S. Department of Education,
which can help you consolidate or change loan repayment plans for free.
Al…
Read the full article at: http://www.cbsnews.com/news/student-debt-relief-companies-are-still-a-plague/