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1file.org

Started by Jmstroj2000, May 18, 2016, 08:46:05 am

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Jmstroj2000

Is this company 1file.org legit? I'm feeling kind of skeptic about it. They say everything they do will come back to me from Fedloan.. 😐😐😐

TheCollegeInvestor

They are a document preparation company. All they do is fill out paperwork for you, which may or may not work for your situation. They also charge you a huge fee, but you didn't share what it was (my guess is $599, but it could be higher).

Yes, you will hear everything back from FedLoan because this company simply sends the documents you fill out to them. Just a middleman. You could simply call FedLoan yourself and do it yourself for free...

Read this article: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/

seng.vang

I saw an advertisement on FB about student loan forgiveness. I clicked on the ad and it took me to an article claiming that they're an organization where they help eligible students to either lower their student loan debts and/or see if they qualify for student loan forgiveness where I wouldn't have to pay my student loans back after a total of service fee of $1199 (4 payments) and then $39/ month afterwards for 3 years. Then after that 3 years, all my student loans would be wiped out clean. I told the guy that it's too good to be true and he agrees; however informed me that they have been doing this for a couple years now and has been successful. He also said that I would have 5 days from my phone call to pay the first $299.75 to ensure my place for the student loan forgiveness program. So I gave him all my information and proceed. I receive all the electronic documents that stated exactly what he told me on the phone. After explaining this amazing news to my husband, I felt a little weird. Weird as in.... is this a scam? Is this legit? After researching for the company and reading a lot of mixed reviews of the company... I still don't know if this is a scam. I would like some help ASAP because they're planning to automatically withdrawal the first payment on Monday 11/21/2016.  :'(

TheCollegeInvestor

Without knowing anything about your loan situation, it's hard to say what this company is actually offering you.

What program are they putting you in? Who are you paying this $39/mo fee to - your lender or this company?

For reference, there are no forgiveness programs that are 3 years. The shortest program is Public Service Loan Forgiveness, and it's 10 years or 120 payments. Here's a list of the Federal loan forgiveness programs: https://thecollegeinvestor.com/578/ways-to-get-student-loan-forgiveness/

There are also repayment programs that have forgiveness as part of them, and you can learn about them here: https://thecollegeinvestor.com/11856/secret-student-loan-forgiveness/

Finally, remember that anything to do with your Federal loans can be done for free by calling your own loan servicer or going online to StudentLoans.gov. Read about that here: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/