Cash Advance America Near Me

Education loan servicer shuts down, grads left in standard

Education loan servicer shuts down, grads left in standard

Karen Morris pays all her bills on time. Regrettably, which will not need aided within the instance of her education loan.

The college that is former recently received a page from the FTC informing her that it is freezing the assets of her education loan servicing business, Mission Hills Federal of north park.

«The Federal Trade Commission had been closing them down because they state it had been a student loan scam,» she stated.

The FTC claims Mission Hills took much more than $23 million from university grads like Morris, then again presumably kept the amount of money and neglected to repay their student education loans.

But that is maybe not the part that is worst. Now the usa Department of Education informs her it will take her tax return or garnish her wages to obtain the money she owes.

«Now student education loans wants to just take my taxation return,» she stated, «because we owe $2,000. And they’re planning to just take my income tax return this 12 months.»

Warning indications of that loan servicing scam

It is not an isolated case….

Февраль 14, 2020 / / в