Credit Repair/Debt Relief Scam May 27, 2022

Scam Type

Credit Repair/Debt Relief Scam

Business Name Used

Sl Finance

Date Reported

May 27, 2022

Victim Postal Code


Total Dollars Lost


Scam Description

This company reached out to me via email back in 2021 telling me that they could consolidate my loans or possibly pay them all off if I qualified for their “debt relief program”. At the time I made less than $20,000 a year and I qualified so they sent me some documents and asked for my previous tax returns from the year before. They set me up with a payment plan to pay off all of my student if I would make 5 payments of $199.80 per month, so just shy of 1K. They said if I made all of my payments on time that I would no longer have any student debt to pay back. After I completed all of the payments they told me thank you for my business and it would be taken care of. I left it at that. Fast forward to this year when I’m trying to buy a car, I check my credit score and find that my student loans are STILL THERE affecting my overall credit score. I called the Student Loan Department and the lady who I talked to over the phone was very confused after I explained to her what was supposed to have happened. She then tells me, “I’ve never heard of that company before but they’re not officiated with us at all. I don’t think you did business with a legitimate company. I would call them back and try to get a refund and also call your bank and report them for fraud.” I’ve tried calling them at their “office number” several times to get a refund and no one ever answers the phone. It’ll ring forever and then after a certain point their phone will just end the call and hang up on me. DO NOT GIVE THIS COMPANY ANY OF YOUR INFORMATION!