Student Loan Consolidation Fraud - Beware Of Scam

Since most students are known for not having a lot of money, it seemed sensible thief target. However, some people are willing to steal the students, who are already short of money. Thank you a lot of good reputation in recent years, many of the benefits of student loan consolidation is clearly described. You can prevent successful participation in the scam, and student loan consolidation by using common sense.

Student Loan Consolidation Fraud: Fraud in Social Security Number

A scam in which people use to commit fraud loan consolidation students through emails and phone calls that would come from well established financial institutions. They contact students who claim to work with student loans. Frequently requested basic information and are sometimes able to get the names, phone numbers and e-mails from students who applied for student loans. These scams ask you to confirm your information with any party, if not all, social security number.

This scam is not new. For many years a similar scam has been spammed to a number of e-mail, asking recipients to "contact our security department immediately." Fraudsters use email may seem very official. These towers have worked before, most famously with PayPal and eBay.

What to watch

consolidation scams student loans also use e-mail and phone calls that contain signs of fraud:

- Unable to low interest rates

- Errors in spelling and grammar

- Letters or emails written exclusively in capital letters

- The management of a company that has never been contacted before

What to do if you've been scammed

The first thing to do, if you feel you were ripped off by fraudulent student loan consolidation is right down the information of their interaction with society. Then, contact the creditors and the Better Business Bureau to tell them that the scam.