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Messages - TheCollegeInvestor

511
I've never heard of them, but if you didn't contact them, and they reached out to you, I'd be concerned.

Next, make sure you read through our checklist and see if they are a scam or simply something you should avoid: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/
512
General Discussion / Re: Welcome! Read the Rules
November 30, 2015, 02:48:41 pm
There are two overlooked ways:
1. Earn more money
2. Enter public service

I'm a big believer that anyone who wants to can earn an extra $100 per month fairly easily. That's $1200 per year that could go to your loans. If you worked hard enough, you could easily pay down even more per month.

Next, any public service profession will get you forgiveness after 10 years. People over look a lot of public service jobs beyond teaching. Yes, the military is one, but so is public safety, working for your government officials in any field, being a preschool teacher, and more.
513
Ok great!
514
Are you positive? Many "help" companies have similar names to FedLoan to prey on unsuspecting borrowers. I've seen Fedloan Student Services, Fedloan Servicing Aid, and many other similar companies that aren't the real FedLoan.
515
Student Loan Scams / Re: Is this a legit company?
November 25, 2015, 01:02:24 am
If they complete the work for you, it's not a scam. But... there is no student loan forgiveness program that lasts just 5 years. And there is no guarantee it will work. So I'd be concerned.

You can see the difference between scams and simply not needing to pay for it here: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/
516
I would be concerned that it is a scam. You will never make payments to a "company" with Federal loans, always to a Federal Loan Servicer (listed here: https://thecollegeinvestor.com/9892/the-complete-list-of-federal-student-loan-servicers/)

If this company was charging you a fee to them, you didn't need to even use this company and pay it. Here's an article that explain this: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/

Bottom line - you paid and didn't get what you were promised. That's a scam every time. Call your credit card and dispute it. Call the company and cancel. And call your lender to make sure everything get's back on track.
517
Student Loan Scams / Re: What can you do after?
November 21, 2015, 10:54:20 am
Call the company and cancel. Change your FAFSA pin. Call your lender and make sure everything is okay (and talk to them about the repayment plan you want for free).

If you paid via credit card, you can dispute the charge.

Finally, you can always report the company to the CFPB (Consumer Finance Protection Bureau), the FTC (if they marketed to you), and your state.
518
If they complete the work for you, it's not a scam. But you're paying them $800 to process some paperwork that you could have done for free on StudentLoans.gov. That $800 would have been better spent paying down your debt.

You can see the difference between scams and simply not needing to pay for it here: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/
519
It's not legit - no company should put your loan into forbearance. It's a warning sign you're overpaying or being scammed: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/
520
NO! Do not do this. If you need to change your pin, just do it yourself and don't worry about that spam letter.
521
Student Loan Scams / Re: Aiding Student Relief
November 03, 2015, 05:55:39 pm
Never heard of it but these companies spring up with new names about 6x per year. What are you looking to do?
522
Student Loan Scams / Re: Student Advocates
October 30, 2015, 07:04:22 pm
That's pretty shady, especially since they won't cancel right away, and they couldn't even do what they promised.

Did you pay by credit card? Maybe dispute it on your card?
523
Don't give it to them - it's not necessarily a scam but it's likely a service you simply don't need to pay for. There is nothing they can do for you that you can't do for FREE!

What are you looking to do?
524
Student Loan Scams / Re: Aiding Student Relief
October 29, 2015, 10:06:29 am
Thanks for sharing. You don't need to pay anything to change your repayment plan or consolidate your loans - so always be on the lookout.
525
Possibly if one of your loans is on IBR and one isn't. You can consolidate for free at StudentLoans.gov. Reset your password there - never call an agency.