Got Student Loan Debt? Beware of Scams!

by DeLadurantey Law Office, LLC on October 16, 2014

20747872_sIf you have been paying your student loans for years and you feel like you are not making any progress, it is important to not to be taken advantage of by predatory companies promising to eliminate all of your student loan debt. These types of companies made large profits when the housing market declined by preying on individuals desperate to save their homes. Now that the housing market is improving, many of these scammers are turning to the student loan market.

How do you know if a company is a fraud? Typically, they make promises that sound too good to be true. For example, they may claim they can get your student loan debt cancelled. They also say they can help you get debt relief for free or they offer zero percent interest rates. However, the catch to all of this great relief from debt is that you are required to pay upfront fees for their services. What typically happens is that the scammer takes your money and does nothing to assist you with your student loan debt.

Even more worrisome is the con artists who require you to submit personal financial information such as your Social Security number and account information. Once they have this type of information, it is easy for them to commit identity fraud. This can wreak havoc on your financial life.

There are student loan debt relief companies that are legitimate, but it is important that you take the time to investigate and verify the validity of the firm before paying any money. For professional services you can rely upon, let our student loan lawyers assist you. You can easily verify our good-standing with the Bar Association or, even better, ask any of our clients for a recommendation! We have helped numerous student loan borrowers with a variety of matters, including deferment, forbearance, rehabilitation, consolidation or obtaining student loan forgiveness/cancellation.

For your student loan, bankruptcy, foreclosure, and debtor’s rights matters, contact DeLadurantey Law Office, LLC at (414) 377-0518. We serve the counties of Milwaukee, Waukesha, Kenosha, and Racine, including such areas as Milwaukee, Merton, Delafield City, Waukesha City, and Kenosha. Visit our web site and like us on Facebook.

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