Scam Type
Credit Repair/Debt Relief Scam
Business Name Used
SPS
Date Reported
Sep 13, 2022
Victim Postal Code
15218
Total Dollars Lost
0
Scam Description
I received a letter in the mail from this company. The letter states that it’s my final notice to take advantage of the Biden student loan forgiveness law. They attempt to pass themselves off as part of a gov’t program by not mentioning they’re a private company and instead describe themselves as a ‘department’. The letter prompts you to visit the real studentaid.gov and create an FSA ID, after which you should call them to complete the action. After closer inspection, I noticed in the fine print that they explicitly state they are not part of the government and are instead a fee based student loan consolidation agency. If I fell for this, I would be locked out of forgiveness and would instead owe this company all my student loans.
