Consolidating direct loans sallie mae
The company is offering student loan forgiveness, a lower payment, or consolidation.
In exchange for doing it for you, you just have to make 3-6 payments of 9.
Is this a student loan consolidation scam or legit company to work with? If you're even asking me, it means you went online, searched the company's name, or found my article on Student Loan Scams, and it raised a big red flag. There are many scams out there, and the CFPB, along with multiple government agencies, have issued warnings to be on the lookout.
However, there are some good players out there as well.
This is where you pay for a service (in this case something to do with your student loans) but the company never does any work or produces any results for you.
When it comes to student loans, the scam typically unfolds something like this.
You pay the money, the firm does nothing at all and is shut down 6 months later. However, many totally legitimate student loan assistance companies simply charge you for services that you can go do yourself for free.
A legit company will charge you an amount, but should put that amount into a special third party account and only get paid when they have successfully completed the work.It’s important to do your homework and know what to look for so that you can make a smart choice.One company that I’ve personally vetted and have direct contact with the CEO is Ameritech Financial.If you’re going to pay a company to help you with your loans, you should know specifically what you’re paying them for.You are paying them to help you decide what the best repayment strategy are, and which forgiveness options are available for YOUR student loan debt, then to manage and process the paperwork on your behalf, on time, and in the correct order.