Soaring Student Debt Opens Door to Relief Scams

Student debt has soared to nearly $1.5 trillion, offering fertile ground to scammers promising debt relief

Financial Preparation Services of Irvine, Calif. boasts on its website three glowing testimonials for its debt-relief services for student loans. It quotes Anthony Zwichirowski of California, Dawn Robinson of New Hampshire and a smiling Dean Edelman of Virginia, who says using the company “was the smartest move I have made since graduating.”

One or more of the three ostensibly happy borrowers also appears, with slight variations, on at least 25 other websites of purportedly different companies offering student-loan debt-relief...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The U.S. States With The Highest & Lowest Student Debt [Infographic]U.S. student loan debt currently stands at $1.52 billion. Where are students facing the highest levels of debt?
Read more »

'Baywatch' Babes Donna D'Errico & Krista Allen Targeted in Dubai Scam'Baywatch' Babes Donna D'Errico and Krista Allen targeted by $300,000 Dubai scam.
Read more »

No ready spark seen for lagging U.S. energy sharesThere may be little relief on the horizon for investors in U.S. energy companies...
Read more »

Paying down debt vs. saving money, explained in plain EnglishDeciding whether to use extra cash to pay down debt or build an emergency fund depends on several factors, from your employment situation to your tolerance threshold for debt stress.
Read more »

More than 1 million people default on their student loans each yearOutstanding education debt in the U.S. has tripled over the last decade and now exceeds $1.5 trillion, with more than 1 million people defaulting on their student loans each year.
Read more »

Pitney Bowes shares soar 9.4% premarket on news of sales of software business for $700 million in cashPitney Bowes Inc. shares soared 9.4% in premarket trade Monday, after the provider of software to e-commerce, shipping and financial services companies said...
Read more »