Category Archives: Debt Relief

← Older posts

All about REPAYE: on Physician Financial Success (podcast)

Posted by .

Last week I had the pleasure of being the featured guest on Josh Mettle’s Physician Financial Success podcast. During our very pleasant and lively chat, we discussed:   the new REPAYE Program – what it is, when it’ll roll out & what it means for you (in plain English) what IBR is & how it compares to the REPAYE Program whether using REPAYE disqualifies you for the Public Service Loan Forgiveness program caveats to the REPAYE program that are essential Continue reading

Posted in Debt Relief, REPAYE | Comments Off on All about REPAYE: on Physician Financial Success (podcast)

Take note of these 5 student loan debt relief agencies (recently sued by Illinois Attorney General)

Posted by .

This past May, Attorney General Madigan of Illinois filed a hefty lawsuit against the following 5 student loan debt relief agencies: Consumer Financial Resources LLC, operating as Student Loan Resolve (based in Texas) Federal Student Loan Alliance (based in California) Interactiv Education LLC, operating as Direct Student Aid (based in Florida) Student Consulting Group Inc., a.k.a. University of One and Help Assist Me Default Resolution Services (based in Georgia) Nationwide Student Aid LLC (based in Chicago) The Attorney General alleged Continue reading

GL Advisor: where’d they go?

Posted by .

For the past few months, I have been receiving many phone calls from worried student loan borrowers concerning GL Advisor. Apparently, this agency, which was designed to help borrowers manage their student debt, has been unreachable for weeks. Unfortunately, this does not surprise me that much — but it did just a little! While scams of all kinds run rampant throughout the student loan debt relief industry, GL Advisor seemed to be on the up and up. They focused on Continue reading

Which student loan debt relief agency is reputable and safe?

Posted by .

I receive many, many emails with the following question: “How can I know if it’s safe for me to work with any student loan debt relief agency?” And my answer is always the same: No debt relief agency is truly recommendable, in my opinion. Debt relief agencies all offer the same services, as though they were “unique” programs that could only be obtained through their agency. For example, things like: federal student loan consolidation access to Obama’s student loan forgiveness Continue reading

Washington Attorney General & CFPB sue Student Loan Processing (debt relief agency)

Posted by .

  Last Monday (April 6, 2015), Washington Attorney General Bob Ferguson filed a lawsuit against Student Loan Processing. Allegedly, this firm had been exploiting student loan borrowers by tricking them into paying for federal loan benefits that were designed to be 100% free. In other words, Student Loan Processing was positioning the benefits provided by the U.S. Department of Education as though they were “unique” programs that could only be obtained through their agency. Oy vey. Interestingly enough, back in Continue reading

All about Parent PLUS Loans

Posted by .

  Recently, I was asked to contribute to U.S. News & Report’s article on Parent PLUS Loans titled, “4 Strategies for Repaying Federal Parent PLUS Loans.” The rules and regulations governing these loans are particularly complex, so I was glad to shed some much-needed light on them (in plain English). Since the article was published, I’ve had many people email me, asking me more questions about their Parent PLUS Loans. So here’s a Q & A format of some of Continue reading

The Truth about “Debt Relief” Agencies

Posted by .

  Presently, there are countless borrowers across the U.S. seeking relief from their student loan debt. And, unfortunately, an entire industry has noticed their vulnerability, and wasted no time in taking advantage of their youthful inexperience, and their search for guidance and financial breathing room. This is the shady student loan “debt relief” industry, and they usually bring borrowers anything but relief! Working with a debt relief agency often wrecks financial havoc on a borrower’s finances, since debt relief agents Continue reading

What to do if You’ve Been Scammed by a Student Loan Debt Relief Agency

Posted by .

  I receive many, many emails from borrowers who fear they’ve been scammed by a debt relief agency. Usually, their emails arrive after they’ve been pressured into giving their personal information to a debt relief sales rep, and their questions sound something like this: ————————— Dear Jan, I just read your “9 Ways to spot – and avoid – a student loan debt relief agency” article online, and realized I’ve just been scammed by a shady debt relief agency. Help! How Continue reading

9 Ways to Spot – and avoid – a Shady ‘Debt Relief’ Agency

Posted by .

Many young borrowers across the U.S. are facing feelings of desperation and confusion about their thousands, sometimes hundreds of thousands, of dollars in outstanding federal and private student loan debt. In response to their vulnerability, a new student loan “debt relief” industry has sprung up, with dubious offers and credentials. These agencies are promising help and relief for borrowers from their student debts; but with investigations running rampant for misleading advertising, improper fees and questionable contracts, these agencies are offering anything but relief. Consumer advocates are Continue reading

To consolidate… or NOT to consolidate? (That is the question)

Posted by .

Student loan consolidation is being pushed by the media, lenders and debt relief agencies alike, as the quick, one-size-fits-all solution to all student loan worries. While consolidation is an attractive option, due to its ability to combine all your payments into one, it’s not the only option you have for repayment assistance… and it’s certainly not the best choice for everyone! Don’t fall for the “quick fix” solution gimmick that debt relief agencies are pushing: consider the following points to find out Continue reading

← Older posts