TFSC Group

This company sent me a letter stating that they worked with the Department of Education. I was told that if I paid a one time fee of $ 599 the rest of my student loan debt would be forgiven through Obama’s Student Loan Forgiveness Program. Not true. This company is a scam and they keep changing their phone number. The BBB website says there is an alert on TFSC Group! Called my lender to find out they were not notified by TFSC in any way. And they never heard of them. The positive reviews on here are all fake! They take your money and don’t do anything. Scott M of TFSC: Why don’t you guys answer your phones? Just a message machine. Why does your website only have one phone # and never return calls? Because you’re a fraud and you will be reported to the FBI. Reports have been submitted to the FTC, Consumer Financial Protection Bureau, Better Business Bureau, and local police departments. I also have a relative in the FBI. Good luck.

Total scam! What they want to charge you $ 750 for you can do yourself. They basically wanted me to pay that much to do what I had already done on my loans — I consolidated my loans and got myself income based repayments over a year ago. They got really weird when I started asking questions about the three payments. And when they put me on the phone with the girl to verify my information on the «welcome call» she didn’t even know what TCFS stood for or even what the website of the company was.

COLLEGE GRADUATES, PLEASE REVIEW.
Any positive review here is from the ignorant (and I don’t mean that to be hurtful — I mean that you do not know any better — I was very close to being this person) or it’s fake.
Do these details sound familiar to you?
*Received mail indicating you are eligible for Obama’s student loan reduction and/​or forgiveness.
*Kind and extremely informative person (we’ll call him/​her «KEIP») answered the telephone and discussed your options with you.
*KEIP was so attentive and seemed to have a full book of appointments and made sure to squeeze you in. He’s your advisor now!
*KEIP got you approved for a certain payment (after talking to an underwriter, WOWEE!), and then suddenly indicated that you will be paying them anywhere from $ 700 — $ 1,000.00 to have your loans consolidated, but this is still great, because after ten years, the rest of your debt will be ERASED!
*Oh, about that pesky fee, KEIP called up a supervisor and got you approved for only $ 699, and if you pay it in ONE payment, it’s only $ 599! And you get excused from your loan payments while they process the whole thing, so you have time to save up! It’s too good to be true! But KEIP wouldn’t lie to you, so this sounds awesome!
Sound familiar? My personal story: I was approved by KEIP for $ 307/​mo. toward my loan for ten years (as opposed to my current plan at $ 193/​mo. for a bagillion years) and the rest would be «forgiven» by the Department of Education. FALSE.
I called my actual lender this evening and asked them to assist me with the math, and if I pay THEM the SAME AMOUNT, I will be done in ten years, too! So, no thank you, KEIP from TFSC, because I’m not going to pay you a $ 600 fee so that you can do the exact same thing my own lender is going to do. And it is a FALSE statement to tell poor and innocent graduates that their debt will be «forgiven» so that you can make a buck. It is a LIE. You do not make things «easier» for anyone — it is easy just as it is!
The KEIP will also say really provocative things to you on the phone like, «Your current loan servicer just wants your money and doesn’t care about you, the D.O.E. wants you to be in better hands.» Well, that’s fascinating, because my loan servicer is Mohela, which is an APPROVED LOAN SERVICER according to the U.S. D.O.E. website. Can someone explain that to me?
These are some savvy folks. Please beware. Call up your current lender and find out the correct information before you go and give your credit card up.

DO NOT DO THIS!
I should have known better, but all they are doing is charging you TON of money for something that fedloans will do for free. I regret doing this, and I will do my best for others to NOT DO THIS, in many ways, IT IS A SCAM!!!
They know the following — people are suffering, they put the bait out there because they are reaching out to you knowing that the government won’t.
They know that stretching (renewing) your loan start date (to 25 years again) will restart the clock for your payments, they say it is a lower rate, because it is, but with the interest rates (always going, never stopping), it will completely kill you and will actually INCREASE your overall debt.
THAT is why it is a scam, but they know what they are doing to good people, and they charge you to waster your time over the phone, and fill out directly what you are telling them (ABOUT 5 LINE ITEMS), and then you have to submit the paperwork…
I will spend the rest of my life preventing people to do this crap, and I will devote my energy to make it easier to understand as to WHY this is a SCAM. My judgement was temporary clouded by desperation, and I completely regret it.

This company isnt necessarily a scam, but please don’t fall for them helping you relieve your debt when you can do the same exact thing free of charge from the fed loan servicing department. I received a notice in the mail regarding student loan forgiveness, so I figured I’d give it a shot and call. Everything sounded great and I wanted to jump right in and sign up! The representative on the phone went over everything with me, then of course at the end said there was some closing costs involved. They can range anywhere from 600‑1200. I found a way to come up with the money even though I was unemployed at the time I knew it would help me in the long run. I ended up going through with all the paperwork, ssn, bank account info, fasfa pin info, everything. I wish I could go back in time and not released all that information. I called to cancel everything out after finding out I could do it for free. They told me everything was cancelled out, BUT apparently they use a third party called RAM for their payments. The first payment was withdrawn from my account even though it was supposed to have been cancelled. Supposedly they were going to refund me within 7 days of making the original request on the 7^th of July to be refunded. Not surprisingly enough, the 14^th rolled around and still no refund in my account. I tried talking to the payment center to see if I could get the money back sooner considering I was unemployed and short on cash to begin with. They transferred me to a guy in the payment center named Sean Wollard. He told me to send him a screen shot of where it posted to my account and he would try to get it back sooner. I never heard back from him after sending him the email and haven’t heard back from him to this day after calling his direct line and leaving several messages. What a worthless person at his job, or maybe he just doesn’t care. Since this has happened I have been without $ 233 that they took from me which I had to borrow from my boyfriend to stay afloat, then resulting having to borrow MORE money from my parents. Yesterday I was told that the money would be refunded to my account on the 21^st now, 2 weeks after they took it!!! Unbelievable! There’s nothing more frustrating than being in financial trouble and then on top of it having someone take advantage of your desperate situation. I wish I would have never done any business with them. DO NOT DO BUSINESS WITH THEM THEY SUCK!!!

TFSC is not a scam: it is a way to pay back student GOVERNMENT loans by way of a third party. They were accomodating on the phone and walked me through the process… All of which, could have been done with my original lender. I opted out of the $ 600 processing fee that they charge by not signing up right away and by contacting my original lender. I guess they are in business for people who don’t feel like doing the leg work on their own or for people who don’t know any better. When something sounds to good to be true… it probably is.

This place isn’t technically a scam but they take money from you that you really don’t need to be paying, they charged me 600 $ to conolidate, then they set you up with a program that will take 29 dollars from you every month for 20 – 25 years, this is all money you don’t need to pay, all you have to do is call fed loan servicing and they’ll consolidate for free, just make sure you tell them you want the income based repayment, you’ll have to reapply ever year for 20 or 25 years but it’s free, the 600 I paid and the 29 $ a month for 20 – 25 years I would have paid (but i canceled) is all the money you shouldn’t have to pay. Don’t fall for this, i wasted 600 $, and the staff is really rude, DON’T FALL for this, trust me, you don’t have to pay a thing, call fed loan servicing and they’ll tell you what to do, it’s as simple as that

I was referred by 2 friends who consolidated their student loans through TSFC and their experiences were positive so I also used them. I’m not sure what the scammers are talking about because our experiences have been great.

TFSC Group delivered exactly the experience I was looking for. They were able to lower my student loans, and working with the representatives was enjoyable and easy. I never once felt like they were pressuring me like some other companies do. I would highly recommend their services to anyone with student loans that need help.

One of the best decisions I made was calling the TFSC Group for my student loan consolidation.
I was very reassured working with TFSC Group when applying for my student loan consolidation. They were very professional and helped guide me through the course of my application. Their knowledge in this field was excellent, I’m glad I took a chance and reached out to them. I will be definitely spreading the word so others can get the help they need without any of the concerns you might face when dealing with companies that say they’re looking out for your best interest.
Highly recommended! Make the call if you are concerned and need help consolidated your loans!

I used them to get help with my student loan payments. I attended a private nursing school to avoid the long waiting list and had to pay an astronomical amount to get my degree! My loan payments had kicked in and I was struggling each month to pay all of my bills and my student loans. When I called in I was just trying to get my payments lowered. I had no idea that being a nurse also allowed me to get my student loans forgiven too. I would definitely recommend anybody with student loans to call and see if they can help you too.

I was feeling so overwhelmed about my student loans and because of TFSC I feel like they are so much more manageable! Scott was beyond helpful, professional, and knowledgable. It was a super easy process and so much better than trying to figure it out on my own. I am so glad I called! Thank you Scott and TFSC!

I called in after I got a letter about my student loans. I didn’t want to give out my information to them, but I spoke with Scott and he didn’t pressure me in to that at all. He made the process very simple and walked me through everything. Once speaking to him for 30 minutes, I decided that I would give out my info. I was still a little nervous, but once we went through the whole application process he took a look at all of my student loans and programs I qualified for and advised me not to do anything. He said I was in the absolute best program I could be in and to not touch a thing. This really reassured me that they were not just out for the money! I have now recommended them to a ton of my friends and was happy to do so!

I had the BEST experience! I’m not sure what is wrong with the other people posting here. Maybe they think they can actually avoid the debt that THEY incurred? TFSC was able to do for me what I’ve been too lazy to do for myself; TAKE CARE OF MY STUDENT LOANS! I know they’re not going away, but at least because of TFSC they’re much more manageable now. It really is like filing your taxes, you could do it yourself, but going to a professional just seems like a smarter idea.
NO, TFSC did not wipe out my debt. YES, TFSC did make it easier to pay by combining them all into one loan. YES, TFSC did lower my payment by stretching out my term. But that was MY decision. I can still pay more towards my loans to pay them off earlier if I choose. But for now I have peace of mind and know I can make my payments each month on time without freaking out about my other bills.
Thank you TFSC for giving me all of the information needed for me to make an EDUCATED decision. It was worth the half an hour on the phone to have my loans consolidated and payment lowered by over $ 300 a month!
I have already referred three of my friends and family over to you guys (how about a little kickback? lol).

This is a scam!
Other reviews spell it out.
Don’t give them any of your personal information.

Total SCAM! They try to convince you they are helping you out but if you really listen, you will hear they make you pay anywhere from $ 600-​$ 1200 up front for nothing. I was on the phone for 30 minutes before I realized this nice guy just wanted to give him money ASAP. Avoid this SCAM!

I received a letter in the mail a few weeks back for my federal student loans… I’m super busy since the school year just started and being a teacher things can get hectic… I’m glad I found the time to give these guys a call. In short, they asked me some questions about my current situation and how much I’m paying to my student loans. They found a plan that worked just for me… I’m now saving more than $ 100 every single month on my loans and they even got me in a plan based on a law that passed a few years back that will forgive my loans after a certain amount of time. I cannot express the relief and help I have gotten from this company.
I recommend giving them a call and seeing if they can help you. It’s definitely worth the 20 minute phone call. 5 stars all the way.

I received a letter about my student loans, I was a little leery when I called in but Ron put me at ease! He let me know if there was no benefit, he would just let me know what I was approved for and leave it up to me. The guys at TFSC group truly helped me out. I could barely afford my payments and they walked me through the whole process and made it extremely easy for me. I just received my final consolidation approval and couldn’t be happier with it. I highly recommend them to anyone looking for help!

John B. already said it, but… SCAM SCAM SCAMMY McSCAMMYPANTS
TFSC reps will indeed do several things that are HUGE red flags for student loan scams: Ask for your PIN, Social Sec Number, ask for LARGE sums of money up front for giving you the «privilege» of «saving thousands of dollars on your loans». If you are able to sit and think about their offer for even 15 minutes with a clear head, you will see that they not actually offering any help at all: they are merely increasing the amount you pay back, so that it *appears* that you are saving thousands. You are saving imaginary money you didn’t owe before calling them, basically. And you get to pay them $ 600-​$ 1200 for that privilege!
THANK GOODNESS I was able to think straight for a few minutes before *almost* agreeing (desperation over student debt can make us temporarily crazy). As soon as I was back to rationality, I thought, «waaaaaait. They’re just charging me to increase my debt, and then ‘saving’ me that imaginary amount. Wha???»
The problem is, you are lucky to even get 15 minutes to think about this ridiculous proposition, because they try oh so hard to keep you on the phone and will call back incessantly if you somehow get off the phone.
Don’t let the other laughably manufactured 5-​star reviews fool you. They sound like infomercial testimonials, don’t they? That’s because they’re fake!
TFSC reps will invite you to Google their company and read reviews, but that’s only because their online presence is highly curated and sanitized. Also, it’s pretty hard to connect TFSC with any particular «Student Loan Forgiveness!!» letter you got in the mail months ago, so most people probably don’t even know what TFSC is until they call a mysterious number.
Do you notice how most 5-​star reviews happen to originate very nearby TFSC’s office?

I was fortunate enough to get a letter from TFSC Group about applying for a student loan consolidation and income-​based repayment. The guys here were very helpful and ensured that I understood every detail of the debt solution for which I was applying.
I definitely recommend TFSC Group to all who could use assistance in tackling their student loan debt. Give them a call! They helped me big time.