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Monday, January 23, 2017

Student Loan Shark Navient Investigated

I have never once heard someone with a student loan say anything positive about their provider, and for good reason.  Turns out they’re even worse than we thought and the word is getting out.

 Last week the Consumer Protection Bureau went after Navient for various slimy practices, most notably for not bothering to mention that IBR is an option instead of deferment.  Why? Because explaining the program and then completing the paperwork is too time consuming, and time is money. In addition, they reported loans charged off for disability as defaulted, which ruined the credit of thousands.

The article suggests that if you have been the victim one of these scams, you should file your compliant with the CPB ASAP, because the Orange Beast is going to move quickly to screw as many of the poor as he can. Republicans want to get rid of the CPB. The bankers want more money, and now that Goldman Sachs is running the government, don’t expect any breaks any time soon


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