Nearly 7 million Americans have fallen behind on their student loans, and millions more are barely able to make their payments each month. A new industry has sprung up that offers to help deal with such debt, and that has consumer advocates concerned.
"Are you struggling with student loan debt?" the commercials ask. "Call right now for immediate relief."
A myriad of companies now offer to help reduce or even eliminate debt from government-backed student loans (for a price, of course). They make it sound fast and easy. Relief, they promise, is guaranteed.
Read more...Student loan debt relief industry draws scrutiny
