MUSINGS BY DIANE:
Yet 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.