Paying off student loan debt takes time. That’s why getting a call from someone who says…
Tag: Loan
Student loan delinquencies trigger massive credit score drop for millions
Dips of 150+ points can derail major life events By Truman Lewis of ConsumerAffairs May 27,…
FTC shuts down transnational student loan scam
$1 million in assets recovered from the promoters By Truman Lewis of ConsumerAffairs May 22, 2025…
Student Loan Debt Relief Scam Operators Agree to be Permanently Banned from Industry, Turn Over Assets to Resolve FTC Charges
The operators of an alleged transnational student loan debt relief scam have agreed to be permanently…
Feds tame student loan debt relief operation
Defendants face a $16.8 million judgment By Truman Lewis of ConsumerAffairs May 16, 2025 Afraudulent student…
Student Loan Fraudsters Permanently Banned From Debt Relief Industry And Required to Turn Over All Assets as Result of FTC Action
As a result of a Federal Trade Commission lawsuit, a fraudulent student loan debt relief operation…
Hat trick? FTC charges violations in auto loan servicing, debt collection, credit reporting
Sometimes good things come in threes, like Musketeers, Bronte sisters, and Stooges. (Shemp doesn’t count.) But…
Student loan delinquencies surge, lowering credit scores for millions of borrowers
Credit scores can easily fall by more than 100 points By Dieter Holger of ConsumerAffairs May…
How missing student loan payments affects your credit score
More than 9 million borrowers are seeing their credit scores lowered By Dieter Holger of ConsumerAffairs…
Millions of borrowers face collections as student loan default referrals resume
More than 5.3 borrowers are at risk of garnishment, other actions By Truman Lewis of ConsumerAffairs…
FTC 86s LOAN MOD TXTS
FTC watchers will remember Phillip A. Flora. In the first case of its kind, the FTC…
The “law” of averages: FTC challenges SoFi’s student loan refinancing claims
Imagine a baseball scout is taking a look at a prospect. On paper, the slugger’s batting…
FTC sues marketers of student loan “debt relief” – and financer who helped it happen
Every spring at colleges across the country, many graduates receive a diploma in their hand –…
Big concerns about small business loan pitches
Many small businesses are looking for a financial life preserver to help them stay afloat until…
Student loan debt and COVID: FTC sends warning letter to Frank Financial Aid
For people dealing with student loan debt – your employees, a family member, or maybe you…
How this week’s Fed meeting might help auto loan borrowers
Consumers struggling with high-interest car loans might get relief By Mark Huffman of ConsumerAffairs September 16,…
FTC Names Additional Defendants in Student Loan Debt Relief Case
The Federal Trade Commission named five additional corporate defendants and two individuals in its ongoing case…