Tag: loan

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...

Are you a former ITT Tech student trying to plan your next steps? You’re not alone. Thousands of former students have questions about the status of their student loans and the future of their education.

As you consider what to do next,...

Buying a car can be exciting, but what if there are strings attached? Some buyers told us that they financed a car through a dealership, signed a contract, and drove the car home, only to be told that the financing didn't go through and they had...

When you apply for credit, insurance, phone service, or even to rent a place to live, providers want to know if you’re a good risk. They use credit scores to help them decide.

A credit score is a number. A high credit score means you have...

Before you head to a car dealer, take a few minutes to watch four new 60-second videos from the FTC: Spotting Deceptive Car Ads, Buying a Used Car, Financing a Car, and Understanding Car Add-ons. You’ll get quick, important tips for each stage of...

Do you have a lot of student debt? Wish it would disappear? You’re not alone. Scammers know that people are struggling with debt. They’re targeting borrowers with phony student loan debt relief schemes that can make things worse. Today the FTC...

On the heels of the FTC’s List of Banned Debt Collectors comes the sequel: The FTC’s List of Banned Mortgage Relief and Debt Relief Companies and People. Why would someone be banned? Well, here’s the story.

Debt relief is any program or...

Are you struggling to pay off your student loans? Debt relief companies will say they can help reduce your monthly payment or get your loans forgiven. But after you pay, you might be worse off. You don’t get the promised help — or your money...

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