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Federal Student Loan Scam

 

Just this morning, on the CBS This Morning news show, this scam for federal student loans was discussed.  The scam is where you will receive a phone call about paying federal student loans.  Even before the TV broadcast, I have received these phony phone calls for several weeks now.

 

What I aim to do, is to keep these jerks on the phone as long as I can.  My logic is, if I can keep them busy and talking with me, then another senior that may have difficulties realizing a scam would not receive a call from the jerk on the phone with me.  Yes, I know they have hundreds of low-life employees and auto-dialers, but if I can tie up 1 phone line and 1 low-life scammer, it is worth every minute of delay.

 

If other young seniors repeat this same process, maybe we could tie up additional phone lines and keep these jerks busy with seniors fully aware of the scam.

 

Some examples for a script that I use when talking to them is to appear much older and concerned about the loan.  Then have a 2nd simultaneous conversation with an imaginary person in your home.  This could be about stopping at the local Piggly Wiggly for some smokes, milk or anything.  Then continue to talk to the scammer about anything to eat up time.  

 

Wish we could isolate the source of these scams easily and have them arrested them on the spot.   Maybe with a few more advancements in technology.

 

 

 

 

 

 

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I would agree that it will beneficial to all AARP members and non-members alike to begin working with each other to add to the frustration of the scammer and if possible expose them to Federal agencies. 

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Yup, it is a really big problem. My mum had some experience with scams, they stole 2000 pounds several year ago. Lawyer wasn't able to help us, they did it very quickly and without a trace. It was awful. I agree with you, we should to select only famous and good companies. I have choose secured loan because it is really protected. In UK there is one quality company for it. Usave.co.uk offers you all the information about this type of loan and on their website you can compare the best offers. Also you can find all answers on your question about paying.

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Just thought you should know that the link does not work for me. I get a Usave web site but it may or may not be the site you shared.
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Scams are very often happen to the biggest part of the population, and in the most of the cases the oldest part of it. So to say those scammers are taking money from people who are not able to understand most of the things those credit companies are telling them. To be honest, I heard a lot of times about scams, but most of the times the scams were made on paper, when you take a loan from a local company and sign a contract. That's why it is really important to ensure yourself that you are taking a loan from a well known credit company. For example, you can take a small loan from a credit-10 company, and be sure that you won't be deceived. I took over 5 small credits from that company and it was a perfect partnership. So if you want to take a short term loan you better take it from a well known company to avoid the scams

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oh my mum also had expirience with scams

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Honored Social Butterfly

It's been said so many times before. Don't answer the phone unless you know the number. Let them leave you a message. You can go online to check the phone number to see if others have reported a scam. It's so easy to stay out of trouble if you know that business is not done over the phone unless you have initiated it.


"...Why is everyone a victim? Take personal responsibility for your life..."
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