CFPB Charges Performance SLC and Performance Settlement, Daniel Crenshaw, with Using Deceptive Tactics


student loanYet another student loan “workout” company has been charged with receiving illegal fees and engaging in deceptive acts and practices.  In this case approximately $9.2 million in illegal upfront fees.  I feel bad for the law enforcement agencies seeing this same outrageous and fraudulent actions again and again.  But I really get upset at the pain and suffering these horrible people are suffering on the innocent borrower who is trying to workout payments on their student loans.  I know too well how how this causes unnecessary stress – resulting in difficulty at work and home, physical illness and a general distrust of the entire student loan system.

– Diane L. Drain
Click here for steps to your free bankruptcy consultation