I have discovered a possible scam. I need help to figure out if it is true or not. I believe it may be a scam for several reasons which I will list briefly, and then elaborate on in the body of my message:
1. I received a letter that looked official and professional, yet did not list the company name.
2. The offer sounds too good to be true.
3. They do not have a website.
4. They have only been in business since October. 2015.
5. I had to ask them for the company name.
6. The whole thing sounded like a sales pitch.
7. When I search the company "Certified Doc. Prep Services" I only get 2 google results. The name of the agent in charge of the business is Haithum Abdelfattah.
8. The letter includes weird deadlines.
I received a letter in the mail about consolidating my student loan debt. The name of the company is not listed clearly on the letter. The letter says "Final Notice" on top. I called them up and they seemed legitimate and helpful. The company is called "Certified Doc. Prep Services". The men I spoke with on the phone were very well spoken, professional and knowledgeable.
I was unable to consolidate my federal student loan debt, but the agent transferred me to their Private Student Loan department. This is where I became unsure.
The manager on the phone informed me of their service: I pay an attorney instead of my loan companies. This attorney disputes the validity of my loans in court on the basis of unethical business practices. During this time, the loan companies are only able to deal with the attorney and if the loan companies contact me, then they receive fines. Combining the disputes with the fines, the lawyer is able to get my loans resolved or thrown out over a period of several years. During these years, I pay the lawyer instead of the loan company.
Allegedly, lawyers who specialize in loans do this type of thing regularly for large companies and wealthy individuals who have the money to pay up front for this type of service. The reason I would be able to afford it is because the lawyer who I would be paying provides the service in bulk, to many individuals all at once. This makes it worth his time.
He kept prompting me to move forward with the process which was making me suspicious that I was being lured into a scam. He gave me his name, David Hernandez, as well as the name of the lawyer who would be providing the service, David Mize.
I told him that I would need to do research to verify the validity of his business. This is probably not a good sign that I feel this way.
Do you think this is a scam?
I did not fall for the scam