Regulators land hard on student loan debt settlement frauds

Regulators land hard on student loan debt settlement frauds

Figuratively speaking will be the 2nd biggest type of financial obligation into the U.S., surpassed just by mortgages. Over 42 million Americans of all of the ages have education loan debt totaling significantly more than $1.4 trillion. The typical 2016 graduate owes $37,000. Standard prices are in an all-time high, with about 8 million borrowers having stopped making repayments altogether.

Most of these figures are fodder for scammers. The FTC and Attorneys General in eleven states together with District of Columbia have actually launched “Operation Game of Loans, ” the very first ever coordinated enforcement that is federal-state against education loan credit card debt relief frauds. Continue reading “Regulators land hard on student loan debt settlement frauds”