If you have thousands of dollars of student loan debt hanging over your head the promise of debt reduction can be very appealing.
But federal and state investigators say a lot of the companies that promised to help with student loan debt were really scams designed to trick people into paying more than $95 million in illegal fees.
Investigators say the companies used telemarketing, interent ads and social media to prey on people who were struggling to pay off student loan debt.
“I thought they were helping me.” said debt relief scam victim Matt Dixon.
Dixon signed up with a student loan adjuster more than 2 years ago. He learned about the company from a co-worker.
He says almost everything was done by email, including arrangments for automat…
Read the full article at: http://komonews.com/news/consumer/operation-game-of-loans-targets-student-loan-debt-relief-scams