Why am I getting phone calls about student loans?

Why am I getting phone calls about student loans?

Many borrowers receive a call from an unknown number with a promise to help them repay their student loans. You only need to provide some personal information and pay an upfront fee. Many debt relief companies charge a fee when providing services that you can do yourself for free by contacting your loan servicer.

Is the loan forgiveness program legit?

There are legitimate government programs, such as Public Service Loan Forgiveness, that can reduce or eliminate federal student loans after a certain amount of time. Borrowers on income-driven repayment plans can get their remaining loans forgiven after they make payments for 20 or 25 years, depending on the plan.

What is debt from college called?

What Is Student Debt? Student debt is money owed on a loan that was taken out to pay for educational expenses. Rapidly rising college tuition costs have made student debt the only option to pay for college for many students.

How do I stop student loan robocalls?

To avoid telemarketing robocalls and texts, you have the right to add your phone numbers for free to the National Do Not Call Registry, which was created by the FTC. To do that, go to www.donotcall.gov or call 888-382-1222 from the number or numbers you wish to add.

Are phone calls about student loan forgiveness real?

Just because a caller says they can reduce your monthly payments doesn’t mean it’s a scam. However, many repayment companies will charge you a fee for something you can do in less than 30 minutes online. A common way to reduce monthly payments is to change your repayment plan.

Who do I call about student loan debt?

The myeddebt.ed.gov website helps student loan borrowers, who are in default, to arrange debt payments. There are multiple ways to contact the Default Resolution Group, or you may call 1-800-621-3115.

What is the average debt of a college graduate?

Among the Class of 2019, 69% of college students took out student loans, and they graduated with an average debt of $29,900, including both private and federal debt. Meanwhile, 14% of their parents took out an average of $37,200 in federal parent PLUS loans.

How can I block bot callers?

The national Do Not Call list protects landline and wireless phone numbers. You can register your numbers on the national Do Not Call list at no cost by calling 1-888-382-1222 (voice) or 1-866-290-4236 (TTY). You must call from the phone number you wish to register.

What is the best free robocall blocker for iPhone?

Best spam call blockers for iPhone:

  • Robo Shield Our top pick for spam blocking.
  • Truecaller Best free option.
  • Nomorobo Robocall Blocking Good for complete blocking.
  • YouMail Voicemail & Spam Blocker Great for business users.
  • RoboKiller Well-known blocking method with a twist.

What happens when you get a call from a debt collector?

Debt collector phone calls can catch you completely off guard. And when you’re unprepared for a conversation with a debt collector, you can end up making an agreement to pay a collection you can’t afford.

How does a debt collector get your credit report?

Debt collectors can get some of this information from your credit report and may even use it to get you to make immediate payment. For example, they may say “I see that you’re current on all your credit card payments. Surely you can make payment on this debt.” Or “Aren’t you employed with ABC Company. That means you can pay this.

Do you have any questions about debt collection?

Find Answers! Debt Collection Questions? Do you have debt collection questions? We have answered more than 3,000 of them on this site! You’ll find many below. Need help right now?

When was I sued by a debt collector?

I was sued by a Debt Collector in March of 2012 For a Discover Card Debt for Aprox. $7,000.00 Destroyed my Credit, I just found … My daughter broke her lease now her landlord is hitting me up for months missed in paying. I received a civil suit asking me to pay back months and damage. … 2010 truck repo – we can’t pay!

Is it legal for a debt collector to call my cell phone?

The FDCPA prohibits debt collectors from calling your cell phone in certain situations. The federal Fair Debt Collection Practices Act (FDCPA) restricts certain types of debt collector calls.

What should I write down when I get a call from a debt collector?

Here’s some basic information you should write down anytime you speak with a debt collector: date and time of the phone call, the name of the collector you spoke to, name and address of collection agency, the amount you allegedly owe, the name of the original creditor, and everything discussed in the phone call.

Where do I report a debt collector for an alleged violation?

Where do I report a debt collector for an alleged violation? Report any problems you have with a debt collector to: your state attorney general’s office; the Federal Trade Commission; the Consumer Financial Protection Bureau; Many states have their own debt collection laws that are different from the federal Fair Debt Collection Practices Act.

How often can a debt collector call a consumer?

A debt collector may not call a consumer more than seven times within seven consecutive days or within a period of seven consecutive days after having had a telephone conversation with the person in connection with the collection of such debt.