Education loan consumers had been hit having a keen onslmers was contacting, texting, and you will emailing, angling for money and personal information, according to Federal Trading Payment (FTC).
This type of telemarketing enterprises could be capitalizing on misinformation and you will frustration surrounding the new longer stop into the federal student loan money and you may a massive expansion away from a federal loan launch program, the Short term Offered Public-service Student loan Forgiveness (TEPSLF) Program and you will a temporary waiver .
As well as confusing borrowers, such education loan forgiveness fraud calls can get break a federal confidentiality law you to definitely covers users from false and you can misleading telemarketing, the phone User Safety Act (TCPA) .
Further, student loan maintenance enterprises, like MOHELA, may be having fun with sales people to try to get borrowers in public areas services that have government education loan personal debt to refinance towards private pupil money, although which can be eligible for forgiveness not as much as TEPSLF. Read More
