Tag: loan

You’ve probably seen ads promising help with your student loan debt. Some are scams – here are tips to avoid them.

Paying for school can be a big undertaking. Understanding the difference between federal and private loans and your consolidation and repayment options can save you thousands of dollars.

Some companies promise to help reduce student loan...

Usually, when I pay with a check, I write it out and sign it, or I direct my bank to send it on my behalf. But what if a check is drawn on my account but I didn’t write it, sign it, or tell my bank to send it? It can happen...

When you want to know what’s going on with a group, you go directly to the source, right? That’s exactly what the FTC did last week when it held a Military Consumer Financial Workshop in San Antonio, Texas. The day’s purpose was to take a look at...

Some scammers build and market websites that claim to offer loan-matching services. The sites convince people to share personal information, but instead of delivering help, the operators scoop up people’s information and sell...

Servicemembers and veterans face unique challenges dealing with financial issues, managing their money, and avoiding scams. For servicemembers, frequent relocations mean regularly shopping for housing and buying or selling a car. And...

If you’ve defaulted on a federal student loan, chances are you’ll hear from a debt collector.

Debt collectors must obey the law when trying to find people who owe money. One student loan debt collector — GC Services, LP — failed to follow...

Debt buying is big business. That’s the sale of old debt, for pennies on the dollar, by creditors to buyers who then attempt to collect the debt or sell it to other buyers.

But when a person or company sells fake debt portfolios, that’s...

If you’re paying back your federal student loans, you might be interested in online ads saying things like, “Erase Default Statuses in 4–6 Weeks!” or – for the next few weeks – “Obama Wants to Forgive Your Student Loans!” Erasing default and loan...

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