Student Loan Scam Phone Calls

March 09, 2023 Post a Comment

The caller is asking about your student loans. Additionally if you start getting hounded with phone calls after reaching out to a seemingly legitimate student loan relief company or just.

3 Ways To Spot Student Loan Scams Federal Student Aid

But get this the person they left the message with doesnt even have a student loan.

Student loan scam phone calls. As a borrower you may receive calls that offer to reduce your monthly. If you are constantly getting calls about student loans although you do not have any then you should instantly think of it as a red flag and put your guard up. Calls About Your Student Loans.

Student loan calculator websites with poor encryption are hotspots for scammers to gather the information they need to engineer their scam including your name email address phone number and. Mia Torres phone calls claiming to offer student loan forgiveness are scams. Phone calls emails or text messages promising access to student debt relief programs for a one-time or monthly fee.

Offers of assistance that require borrowers to give power-of-attorney to interact with the loan. With skyrocketing student debt and the Biden administration hinting towards eventual loan forgiveness plans watch out for scammers cold-calling to capitalize on your sense of hope. Missed a call from an unknown number and the voicemail that was left came from a different number than the one on the call log.

These student loan voicemail scams work by telling you to call back right away or risk losing your offer. Whenever a scam caller offers you student loan forgiveness services but requests up-front payments for them hang up immediately. Student loan debt relief scams are rampant making it even more important to differentiate fraud from a solution.

So if someone other than your servicer calls you offering lower monthly payments or forgiveness Mayotte says to hang up the phone. But if someone has called you on the phone to tell you about a new student loan relief program like a COVID-19 forgiveness program which doesnt exist chances are youre dealing with a student loan forgiveness scam. Student loan scams are common and it can be easy to fall for them.

Commissioner Presley says the companies accused made phone calls regarding pharmacies and student loans. They Convince You to Act Quickly. The only thing they want is your personal information saying you need to act quickly or bad.

More often than not these student debt relief robocall scams come with recurring monthly charges to your account. Many of these scams take advantage of consumers by offering bogus services and charging high fees for loan consolidations that can be obtained for free through federal government programs. This is because these calls are most definitely fake and a big scam.

More news will be released about vehicle warranty scams in the coming days said Presley. Student Loan Scam Tactic 3. Scammers will target borrowers through online ads social.

Requests for an FSA ID or Social Security number to confirm eligibility for loan forgiveness programs. All government programs that provide these types of reliefs are always free of charge. Its a classic poser scam in which the caller pretends to be someone from a student loans center.

You can also call your student loan servicer to discuss your options. But you should never be pressured into an offer. With mounting student loan debt to the tune of 16 trillion nationally companies.

The Younger You Are The More You Need AARP. Many people have trouble paying student loan debt. What to do if you are the victim of a student loan forgiveness call scam.

The same thing goes for student loan forgiveness. Student Loan Scam Red Flags. One service that blocks robocalls reports that roughly 165 million illegal student loan-related calls are made monthly.

Not all calls related to student-loan debt are made illegally but clearly many of them are. Heres how to avoid scammers whether by phone email text message or social media. If they offer this right off the bat without knowing more about your situation thats absolutely a scam she adds.

Ad Get Scam Prevention Tips Useful Articles and Expert Advice from AARP. Top 5 Warning Signs That May Signal A Student Loan Debt Relief Scam Part 2 of 2 December 19 2019 Last week we shared that the best way for borrowers to avoid a student loan debt relief scam is to fully understand their student loans and to remember theres nothing a company can do for them that they cant do for themselves for free. Expert tips from student loan and identity theft professionals about how to tell whether those student loan forgiveness calls are a scam.

Try not to be deluded by an official-sounding name like Student Advisory Board.

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