Protecting your student from debt collection scams

NEW HAVEN, Conn. (WTNH) – We have an alert this morning for student who are struggling with debt. Con artists are targeting college-aged students, promising to reduce or eliminate most of their debt for an upfront fee. This morning CT Better Business Bureau Executive Communications Director Howard Schwartz stopped by our studio to break down what you need to know to avoid a scam.

Mr. Schwartz answered four key questions for us in the video above:

  1. It sounds like a good deal; pay a company and they will work to help remove most of the weight of large debt. Is it too good to be true?
  2. What are the scammers promising and what are they delivering?
  3. How do we know if we are dealing with a legitimate debt collector or unethical operation?
  4. Fake debt collectors are increasingly becoming a problem. How do we know if someone who contacts us is legitimate?

For more information head to BBB.org 

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s