At least $95 million was deceptively obtained from American consumers by scam-artist student loan debt relief groups over the past couple years, according to crackdown results revealed by the Federal Trade Commission.
In the first-ever coordinated federal-state initiative targeting deceptive practices aimed toward those struggling to repay college loans, 36 actions including several lawsuits were taken by the FTC and state attorneys general against groups such as Student Aid Center, Student Debt Relief Group and A1 DocPrep, Inc.
The FTC alleges that the defendants charged consumers illegal upfront fees, made false promises to help reduce or eliminate debt burdens and pretended to be affiliated …
Read the full article at: http://nj1015.com/student-loan-debt-relief-watch-out-for-scams/