Beware of Student Loan Debt Relief Promises

button saying register now, early bird discounts availableIf you are like thousands of graduates across the country wondering how you will ever repay all of your student loan debt, it is important to protect yourself from the scam artists looking to take advantage of you. Reports of predatory companies looking to benefit from your feelings of desperation are on the rise. They make promises that your student loans can be eliminated, you can obtain debt relief for free, or they offer zero percent interest rates. The catch – you must pay upfront fees to obtain their services, which accomplishes nothing (if they even do anything for you at all).

In addition to profiting from the fees charged, the so-called debt adjusters also obtain personal financial information from borrowers. Once you provide your social security number and personal identification numbers to your student loan accounts, they have the information they need to commit identity fraud.

Not all student loan debt relief services are fraudulent, but it is imperative that you investigate the validity of the company or firm you intend to retain. Our student loan attorneys can provide assistance with administrative discharge, loan cancelation or forgiveness, deferment, forbearance, rehabilitation, consolidation, and/or repayment. If you have private student loans, we provide you with the same analysis, to determine all of your available options, including proactive or reactive settlement, eligibility for cancelation or bankruptcy discharge, and availability of defenses.

If you are interested in obtaining student loan debt relief services from a source you can trust, contact Leiderman Shelomith Alexander + Somodevilla, PLLC today.

Please keep in mind that every matter is different. If you have questions about your student loan debt and you would like to schedule a no-cost consultation to discuss your options, please contact our office by completing the form on this website or calling us at (954) 280-5066.

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