Wednesday, January 14, 2015

New Scamming Industry growing ... targeting student loan debtors

If you have student loans or know someone who does, you know how much of a drag they can be on 
Image courtesy of David Castillo Dominici at
a person's finances. As student debt grows and people search out ways to limit its effect, fraudsters are developing a new scam to take advantage of those in trouble. If you have been paying attention to the news recently, you may have heard about the legal actions being taken against some of the companies duping unsuspecting and desperate debtors.

The scammers are basically offering to help former students enroll in government loan forgiveness programs. The companies are charging large fees for the services. The problem is the government offers free help for legitimate forgiveness programs. Here are two recent articles explaining the scams in a little more detail:

Blog: Pursuing student loan scammers -

Looking for student loan forgiveness, do your homework -

The problem is compounded by the fact student loans are extremely tough to discharge in bankruptcy. Sometimes discharging other unsecured debt in bankruptcy can free up cash to help pay student loans. Remember, if it sounds too good to be true... it usually is.

If you want assistance, legal representation, or just want to know more about Medvesky Law Office, LLC, check out our website at

#bankruptcy #Chapter_7 #Chapter_13 #Montgomery_County #law_firm #Bucks_County #Pennsylvania

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