Obama Depends of Student Loan Collectors Profiting From Student Loan Woe
Leave a commentJune 13, 2012 by Student Loan Victims and Lender Fraud
Education Department contracts — featuring commissions of as much as 20 percent of recoveries — encourage collectors to insist on high payments. Former debt collectors said they worked in a “boiler-room” environment, where they could earn bonuses of thousands of dollars a month, restaurant gift cards and even trips to foreign resorts if they collected enough from borrowers. (read more…)
Student Loan Victims and Lender Fraud 