As thousands of former Corinthian College students continue to wait to learn whether or not they’re on the hook to repay billions of dollars in student loans they took out to attend the now defunct for-profit college, the Department of Education announced plans to overhaul the loan forgiveness process for students who believe they have been defrauded by their colleges. [More]
Debt collectors have been known to intimidate, deceive and even threaten to take your children away when trying to separate you from your hard-earned cash. Just remember, it’s illegal for the collectors to threaten to arrest you, and it’s definitely illegal for them to pretend to be from the government in order to make you pay up. However, it’s those same tactics that have a New York-based company in hot water.