Home Business BBB Sees Increase In Student Loan Consolidation Scams

BBB Sees Increase In Student Loan Consolidation Scams



Green Bay, Wisconsin (WBAY) – College students are always looking to save money, but the wave of reports of fraud should make anyone paying off student loans to be extra careful.

The Wisconsin Better Business Bureau (BBB) ​​has received an alarming number of reports of student loan consolidation scams.

“We see a lot of reports from scammers – especially in Wisconsin – about false promises to consolidate student loan debt. Obviously people get text messages for this, ”says Susan Bach of the Wisconsin BBB. “Report it to the fraud tracking system, we are monitoring them very closely, we want people to know about this in the area because it happens to the people of Wisconsin. Again, if you are interested or need to consolidate your student loan debt, go to a legitimate government website. studentaid.gov… ”

Another warning to consumers – be careful about how much you share online when submitting photography back to school.

Children holding whiteboards detailing their first day of school can attract more than just friends and family.

Police Grand Cute issued a warning to parents to be careful with what they share – Too much detailed information can open the door for scammers or someone who wants to harm your child.

Travis Vaas, community resource specialist for Grand Chute, says a predator can say, “I know you! Your favorite color is blue and you love donuts, and your birthday is April 25th. I know your mother! ”

“This creates a false sense of security in that person that shouldn’t really be around your child,” adds Vaas.

For security reasons, police say do not include the child’s name, class, school, teacher’s name, or potential security concerns on photographs.

Follow basic rules such as the child’s name and the current year.

Some information may be related to passwords, so think before posting and keep it in general terms.

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