As fears of higher student loan payments and wage garnishment increase among borrowers, so does the opportunity for scammers to prey on your desperation.
Elaine Rubin, a student loan policy expert, wants borrowers to be on high alert for student loan scams offering to lower their payments, get their debt canceled or make sure their wages aren’t garnished.
“All the noise, the concern and the fear starts to bring about more predatory or scam companies to contact borrowers to offer them an ‘easy way out,'” Rubin said.
It’s always important to stay vigilant and look out for scammers, but student loan borrowers should be even more cautious right now, since the Consumer Financial Protection Bureau has been…
