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Student loan debt has become a huge burden on recent college graduates, with figures from credit-reporting agency TransUnion showing that the average student loan balance approached $30,000 this year.
Also in August, the FTC shut down additional scams operations that falsely promised to reduce or eliminate student loan payments under "Biden Loan Forgiveness," even though the president’s up to ...
Debt relief and credit repair scams involve a scammer who claims to be able to eliminate your debt or increase your credit score by a specific amount. They typically request a large upfront ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
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Before standardization of credit scoring, statements of character were integral to credit reports well into the 1960s. [3] With credit reports containing probing details about personality, habits, and health, in the hearings on the Fair Credit Reporting Act lawmakers were troubled that individuals were helpless to clear up errors.
In January 2021, ECMC Foundation launched the Catalyzing Transfer Initiative, a grant program said to be focused on student transfer. [ 33 ] In February 2021, New Mexico State University (NMSU) launched a financial literacy platform for its students as part of ECMC's Project Success, which is a three-year project to retain and graduate students ...
Getting a bunch of texts, emails and calls about student loan forgiveness? Scams come in different forms, so it’s best to take extra caution. Here are a few ways to spot a scam:
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