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4. Watch Our for Upfront Fees
When talking about federal student loan consolidation, the Student Loan Ombudsman of the U.S. Consumer Financial Protection Bureau, Rohita Chopra, said, “It can be a sign of a scam when a debt relief company requires you to pay a fee up-front or tries to make you sign a contract on the spot…
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Avoid companies that require payment before they actually do anything, especially if they try to get your credit card number or bank account information.”
