federal student loan consolidation

Since most students are not familiar with a lot of money, it seems for a thief to target them unwise. However, some people are willing to steal even from students who are already short of money. Thank you very much good press in recent years, many students benefit consolidation loan clearly demonstrated. You can prevent successful student loan consolidation fraud by some commonSense.

Student Loan Consolidation Fraud: Social Security Number Scam

A cheater that people use to commit fraud consolidate student loans is through e-mail and phone calls that supposedly come from financial institutions established. Contact students who submit claims to work with students. To provide basic information for the names often and sometimes can get phone numbers, e-mails from students who haveapplied for student loans. This limitation will be asked to share information with one hand, if not your social security number to verify all.

This fraud is not new. were added many years for a scam similar to countless spam e-mails ask recipients to "our security department immediately." can use e-mail address for these scammers, officially. These are tricks before, most notably worked with users of eBay and PayPal.

What should pay attention

Student consolidation loan scams use e-mail, mailing and phone calls that fraud is the following characters:

- Interest rates amazingly low

- Errors in spelling and grammar

- Written letters or e-mail only with capital letters

- The address of a company you've never contacted

What to do if you were Scammed

The first thing you should do what, when you think you know that you cheated on student loansconsolidation fraud> is down to the right information about the interaction with the company. Then contact the creditor and the Better Business Bureau, so that they become the cheater.

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