The Consumer Financial Protection Bureau (CFPB) is a new government agency created after the financial crisis
– Their mission is to make markets for consumer financial products and services work for Americans
— whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.
Above all, this means ensuring that consumers get the information they need to make the financial decisions they believe are best for themselves and their families—that prices are clear up-front, that risks are visible, and that nothing is buried in the fine print. In a market that works, consumers should be able to make direct comparisons among products and no provider should be able to use unfair, deceptive, or abusive practices.
StudentDebtCrisis.org wants our members to know that there is help available for student loan borrowers. Here are 5 tools that can help you with your student loans, whether you are a first time borrower, or even if you’re in default. Check out these great tools provided by the CFPB to help you navigate your own loan situation:
1. If you are a new borrower, or you’re considering taking out student loans, check out the CFPB tool for New Borrowers – Paying for College.
2. If you already have student debt, use this tool for Existing Borrowers Repaying Student Debt.
3. Suffering in Student Loan Default? What are your rights as a defaulted borrower? Click here to find out.
4. If you are having trouble with your lender, or feel that something illegal has taken place regarding your student loan – Submit a complaint to the CFPB.
5. For general inquiries, check out the CFPB’s Q & A section Ask CFPB.
Thank you, as always, for your continued support!
Sincerely,
StudentDebtCrisis.org
You must be logged in to post a comment.