Archiv der Kategorie: Speedy Cash Pico Rivera

Education loan servicer shuts down, grads left in standard

Education loan servicer shuts down, grads left in standard

Karen Morris will pay all her bills on time. Regrettably, which will n’t have assisted within the full instance of her education loan.

The former university student recently received a letter through the FTC informing her that it is freezing the assets of speedy cash her education loan servicing business, Mission Hills Federal of hillcrest.

„The Federal Trade Commission ended up being closing them down because they say it had been a student loan scam,“ she said.

The FTC claims Mission Hills took much more than $23 million from university grads like Morris, then again presumably kept the cash and did not repay their figuratively speaking.

But that is perhaps perhaps not the part that is worst. Now the usa Department of Education tells her it shall just take her taxation return or garnish her wages to acquire the cash she owes.

„Now figuratively speaking wants to take my taxation return,“ she said, „because we owe $2,000. Plus they are planning to take my taxation return this year“

Warning indications of a loan servicing scam

This is simply not a separated case.

Loan servicing scams and loan forgiveness frauds target a large number of pupils each year. Education loan servicer shuts down, grads left in standard weiterlesen