Why Am I Getting Calls About Student Loan Forgiveness

February 3, 2022

Why Am I Getting Calls About Student Loan Forgiveness. If you get a call like this and want to make sure it's legitimate, call your bank or whoever your loan is through. But let me first explain why you are getting these solicitation calls.

Pay As You Earn Student Loan Programs PAYE vs REPAYE
Pay As You Earn Student Loan Programs PAYE vs REPAYE from debt.org

In the meantime, con artists take advantage of borrowers who are desperate for financial relief by offering them loan forgiveness, for a fee. Some scams falsely warn that student loan forgiveness programs will end soon. “if they offer this right off the bat, without knowing more about your situation, that's absolutely a scam,” she adds.

Online, On Social Media, And With Stores Where You Shop.

They may even offer to reduce your overall student loan debt. The scam number that called was 6783315731 Quick student debt elimination is a myth.

I Paid Off My Student Loans Months Ago.

But let me first explain why you are getting these solicitation calls. While there are many red flags that can help you decipher whether you are dealing with a scammer or not, here are the most common signs of student loan forgiveness robocall scams: “if they offer this right off the bat, without knowing more about your situation, that's absolutely a scam,” she adds.

So, If Someone Other Than Your Servicer Calls You Offering Lower Monthly Payments Or Forgiveness, Mayotte Says To.

As a borrower, you may receive calls that offer to reduce your monthly payment. I am encountering folks discovering they may be done paying for their education because, believe it or not, until at least october 31, 2022, every type of federal loan you've ever made a payment on is now accepted as a qualified payment for the pslf program which has forgiveness upon reaching 120 of these qualified payments. In the meantime, con artists take advantage of borrowers who are desperate for financial relief by offering them loan forgiveness, for a fee.

So, If Someone Other Than Your Servicer Calls You Offering Lower Monthly Payments Or Forgiveness, Mayotte Says To Hang Up The Phone.

Here's the simple mistakes you need to avoid to make sure you get out of student loan debt. Some scams falsely warn that student loan forgiveness programs will end soon. 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.

Are Student Loan Forgiveness Calls Real?

I guess since the deferment period is ending at the end of january these places are ramping up call volume. The same thing goes for student loan forgiveness. So if you receive a phone call from a student loan debt relief company promising fast debt cancellation, you’re likely dealing with a scam.

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