Millions of Americans took out student loans to pay for their education, which means criminals have plenty of targets who are already stressed about debt.
Currently, federal student loans are issued at 0% percent interest and do not require any payments until Sept. 30, so anyone who gets contacted should be cautious about any calls saying their federal student loan payments are about to resume.
There are a few things to think about if you get a call about student loans that isn’t from your loan provider:
- Who is the company that is calling? Is it trying to sell you a loan or a deal on making payments?
- Are they promising that they can reduce your monthly payments? If so, by what amount?
- Do they say they can have your loan forgiven and say if it is a quick process?
If you haven’t heard of the company before, try to do some research before calling back or answering their questions. Do your own research and don’t rely…