FTC Sends Checks to People Who Paid Student Debt Doctor
The Federal Trade Commission is sending more than $2 million to more than 22,000 borrowers who lost money to a student loan debt relief scam.
The FTC sued Student Debt Doctor in late 2017, alleging that the company tricked people into paying large upfront fees by falsely promising to immediately and permanently eliminate their monthly loan payments and get their loans forgiven. The FTC says that the company also told customers that their loans were in forbearance when they were not and told them not to communicate with their loan servicers. The vast majority of people who paid Student Debt Doctor got little or no relief, and some borrowers ended up owing more.
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