Strong Potential Of Fraud Collection Of School Loans
This is my personal experience. You will have to decide for yourself.
I finished my masters degree in 1997. I became very ill. I was ill for several years.
I filled out the forms for School Loan Debt Forgiveness. Of course, I kept all of my IRS Returns as well as the official School Loan Debt Forgiveness letter. At that time, it was only around $50,000. The Loan Forgiveness was granted. There is seven year period we all keep the IRS Returns, At that time, I threw those away as well as the legal paperwork for the Federal Loan forgiveness.
Two months ago, I began getting phone calls to pay back over $200,000. I explained that my debt had been forgiven years ago. I told them to review my history.They asked for my bank account number; and I was very foolish giving it to them.. ”This time” they only took out $5.00. I realized what I had done. There was “no paperwork” to fill out. The next month, they could have taken out any amount they wanted. Of course, I went to the bank to close that account and open another.
IF this had been a “real collection”, they would have sent legal paperwork to fill out..
They continued to call until I told them I had contacted the Department of Education and Student Loans.
The calls immediately stopped..
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