Beware of student loan scams! According to the Federal Trade Commission (FTC), operators of two Florida-based student loan debt relief schemes are banned from providing any debt relief. These two operations were collecting upfront fees and falsely promising consumers that their loans would be reduced or forgive.

When a business offers debt relief with upfront fees it’s more than likely a scam. Students that receive robo calls about student loans should ignore these offers as most are looking to collect upfront fees without helping students with loan relief or any other false promises.

Student Debt Doctor (SDD) and American Student Loan Consolidators (ASLC) are part of Operation Game of Loans. These two operations collected$23 million from students by falsely promising loan forgiveness or reduced monthly payments and neither delivered.

Like the old saying goes “If it’s too good to be true, then it probably is. Be suspicious of people or any situations that make large offers for little or nothing in return.

Scams have no prejudice when it comes to who, what or when,it is the fuel that cyber-crooks use to steal your hard earned money by preying on those who are easy targets.

There are so many scams out in the wild and they can come in many forms, such as;emails, phone calls, letters, and web sites. In a recent blog titled “Fraudulent Debt Collection Calls” is a scam where the caller poses as a representative of a collection agency working on behalf of the U.S. government.

It’s important to know what are the latest scams being reported. You can find out more by searching security related web sites or visiting the Federal Trade Commission web site.

Be smart this holiday season as cyber-crimes peak during this time of year when more people are shopping online.