Tens of thousands of grads threatened by fictional loan companies
The figuratively speaking Company happens to be accused of utilizing fake debt-collectors letters to harass tens of thousands of graduates that are behind on the repayments.
The other day, pay day loan business Wonga ended up being rocked by way of a false letters scandal. And today, the SLC that is official have been accused of utilizing Wonga-style strategies to intimidate pupils, states The constant Mail.
The SLC also allegedly created a fictional company, referred to as Smith Lawson and Company Recovery Services included in the hoax вЂ“ and it has sent a huge number of threatening letters to graduates in the last nine years repayment that is demanding.
The caution letters delivered by вЂњSmith Lawson and CompanyвЂќ are made to intimidate graduates, and tend to be emblazoned by having a red banner which checks out: вЂњDO never DISREGARD THIS LETTER.вЂќ
The bogus letters provide the impression that they’re from a debt-collection that is separate to figuratively speaking business, and read: вЂњWe are instructed by our customer, relating to the amount outstanding shown aboveвЂќ.