#Freedom debt relief scams how to

“And if you do that, you’ll avoid many of these scammers.”ĭetails on whether you are eligible for federal student loan forgiveness can be found on the Department of Education’s Federal Student Aid website. “Don’t take instructions from anybody other than an official government website and follow that path,” he said. And make sure you’re not applying for help on a fake government website.

The Department of Education is not going to call or text to sign you up for student debt relief. If you get a call, text, email, or even a direct message on social media out of the blue from a company you’ve never heard of – it’s likely a bad guy. Ramzan said scammers might know or take lucky guesses that you have a federal student loan. “It can be used five, 10, 15 years from now in a way that’s quite daunting to think about.” “I’m never getting that back when it’s out there,” Ramzan said. Ramzan warns once you share any personal information – including your federal student aid ID, you cannot pull it back. Sometimes, the scammers are snagging money they will demand upfront fees for guaranteed access and that is illegal. because they thrive on that misinformation, they thrive on that ability when people are confused,” he explained. “And it’s in that moment of chaos and confusion that scammers thrive. Besides, we are still weeks away from even knowing the details of how the programs will work.

#Freedom debt relief scams how to

How to qualify for Biden’s new student loan forgiveness plan