Last week, I got a call on my cell phone. I didn’t recognize the number, but it was from my own area code; I had gotten several of these calls during the prior week or two, but I had not picked up, suspecting it could have been a robo-dialer. But this time, curiosity got the better of me, so I answered.
A pre-recorded message said the following to me: “You are being offered a lower monthly payment and loan forgiveness for your student loans. Due to our numerous attempts to reach you, this offer will be revoked if we don’t hear from you within 48 hours. If we don’t hear from you, you will no longer be eligible for these programs. Please press 2 to be connected to a customer service representative.”
I promptly hung up. This, folks, is a scam, and it’s the latest tactic being employed by predatory student loan “assistance” companies who are trying to prey on student loan borrowers desperate for a solution to their debt. And while I can easily spot these types of schemes as a student loan lawyer, for many other people it’s a lot tougher to discern a scam from a legitimate program.
If you’ve been contacted by a student loan assistance company and you’re not sure whether or not the company is legitimate, here are some things to consider:Read More