35928101_sIn 2014 we were all bombarded with offers to magically reduce or even outright avoid paying back student loan debt.

At Champion, we were naturally skeptical, and we informed the Department of Education of some of the more blatantly sinister-looking offers and companies making these claims. This effort resulted in an article identifying the problems and risks associated with some of the so-called “deals” being offered to students to reduce student loan debt and repair credit scores.

The complete article (click here)  warned schools and student borrowers to be wary of a rise in debt relief scams. While a number of companies have been shuttered after their exploits came to light, there are many more still looking to part you from your hard-earned cash today by charging you for things you can get for free.

Go to the Source for Debt Relief

If you’re struggling to make a payment, or can’t make one at all the last thing you need is to pay a scam company to help you pursue one of the free options such as deferment or forbearance (which allow you to not make a payment for a period of time).

Instead, call your Servicer today and ask them about options available to you—you’ll get real answers and help without getting hoodwinked.

After all, scam companies just contact the Servicer on your behalf and charge you a fee for brokering a deal you might not want or can’t afford.

Contact the Servicer yourself and take your future into your own hands.

Be Cautious

The old adage applies here— if it sounds too good to be true, it probably is.

Student loans are indeed loans, meaning they need to be paid back, but you have options available if times get tough.

Be safe when it comes to your financial future and always reach out directly to your Servicer. If you’re still not sure what to do, contact Champion College Services—we can point you in the right direction and will never charge you a penny for it.

DON’T Pay for Debt Counseling

One call to your Lender or Servicer can usually connect you with the same information and options that scammers will try to charge you for.

If you want to see how you can lower your payment, pay your loan off faster or find a solution if you can’t pay at all—call your Servicer first!