Debt settlement companies offer, for a fee, to help those in debt lower their monthly payments, and some of the businesses have been criticized over the years as not really helping borrowers. The New York Times reported that these companies, which have focused on credit card and mortgage debt, now see those with student loan debt as potential customers, and are increasingly going after that business.
- Obama expands income-based repayment to older borrowers, pushes Democrats’ student loan refinancing bill
- CFPB report looks for solutions on private student loan debt
- Education Department renegotiates contracts with student loan servicers
- Easing Borrower Angst
- CFPB accuses two "debt relief" companies of predatory practices
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