BBB Warning: Debt Relief Scam

June 01, 2017


Your Better Business Bureau serving San Diego, Orange and Imperial Counties warns against illegal debt relief services. Put to an end by the Consumer Financial Protection Bureau, the recent closure of the San Diego based Student Aid Institute stands as awareness against other fraudulent student loan relief services. Such services may call and advertise loan forgiveness programs that promise to reduce debt upon receipt of upfront payments and monthly administration fees. This company in particular profited $3.6 million from students seeking relief from their debt prior to their shutdown. For further information pertaining to the closure of Student Aid Institute, click here:

It is encouraged that consumers call BBB’s 24-Hour Consumer Helpline at (858) 496-2131 for free information and advice.