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Topics - rmorton615

1
Student Loan Scams / American Docu Prep
October 16, 2017, 07:52:30 pm
New to the forum but I wanted everyone to know....DO NOT PAY A FEE TO HAVE YOUR FEDERAL STUDENT LOANS CONSOLIDATED!  I've just realized after dealing with the company referenced above, they will consolidate your loans AND charge you at least $700-$1000 or more to do this!  They promised higher credit scores after consolidation.  My credit score has dropped by at least 15 points!!! This company is only out to charge you $$$ for "processing fees". I've called the department of education to report them as well as the BBB. This is a poor business practice and a complete scam!  They are going to refund my $799 minus $5 fee after I threatened to report the transaction as fraudulent. Beware of these companies and deal directly with the department of education!