Why do I keep getting calls about student loans? Many borrowers receive a call from an unknown number with a promise to help them repay their student loans. You only need to provide some personal information and pay an upfront fee. Many debt relief companies charge a fee when providing services that you can do yourself for free by contacting …
collect your loan payments;answer any questions you have about your loans;help you decide which repayment plan best suits you; andhelp you switch to a new plan at no cost.
How to block student loan robocallsAdd your number to a ‘Do Not Call’ List. You can register your phone number for free with the National Do Not Call Registry. …Employ a robocall-blocking mobile app. You might also have tried blocking a specific number using your smartphone, only to find robocalls reaching you from a different line.Report any student loan robocalls. …Consider legal help. …
Place your number on FTC’s Do Not Call listKeep your personal information to yourselfDo not answer unknown calls
If you provided a scammer with credit card or bank account information, call your bank and card company right away to close your accounts or stop payments. You should also call your student loan…
Student loan forgiveness calls (especially those featuring a robotic voice) are usually trying to get you to tell them your sensitive information in order to scam you. These calls will ask you to give up your social security number. Once they have this number, they will send your life into disorder by stealing your identity.
Another common scam has to do with loan consolidation. “Student loan consolidation is a free service offered by the Department of Education, but companies will charge you $1,500 to consolidate your loans when it’s a free service,” says Robert Farrington, founder and editor-in-chief of The College Investor. It can be even worse.
While some of these are legitimate messages from federal loan servicers, many are scams. One service that blocks robocalls reports that roughly 165 million illegal student loan-related calls are made monthly. If you have unpaid student loans, you may be contacted by a loan servicer for different reasons.
Latreille, from the SBPC, says that under these plans, your monthly payments could be as low as $0, depending on your circumstances. Another way to quickly spot a scammer is if they ask for money …
The scam student loan call usually sounds something like, “we’ll release your student loans for a nominal, upfront fee.”. The red flag is the advance payment – something legitimate organizations would never do. It’s actually illegal for …
If you get a call, text, e-mail, or message on social media from someone about your federal student loan, here are some things to keep in mind: Never pay an upfront fee. It’s illegal for companies to charge you before they help you. If you pay up front to reduce or get rid of your student loan debt, you might not get any help — or your …
The caller is asking about your student loans. But get this, the person they left the message with, doesn’t even have a student loan. We wanted to know if it was a scam so we called the number they…
