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Private Debt Relief company (PDR)

Coverage of Private Debt Relief company (PDR) in the Nexus archive.

Earliest in view: Jun 20 · 19:23 UTCMost recent: Jun 20 · 19:23 UTC

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BUSINESSJun 20 · 19:23 UTCR/SCAMS
[US] Private Student Relief promises a reduction in principal and no interest rate on $244k in private student loans
A couple faces a private student loan debt crisis totaling $245,023.66 from three Sallie Mae loans. They evaluated debt relief options, including a private debt relief company (PDR) offering 0% interest over 60 months with $1,956/month payments, but the program requires immediate loan default and carries risks like credit damage, potential lawsuits, and IRS tax obligations.