Free Digital Communication Tool Helps Borrowers to Avoid COVID-19 Scams

Covid 19 Scams
Covid 19 Scams
FT. LAUDERDALE, Fla. - April 13, 2020 - PRLog -- There has been a fair amount of publicity in recent weeks regarding "stimulus checks, unemployment aid and student loan forgiveness".  As you can imagine, with millions of Americans being laid off due to the Coronavirus pandemic the idea of "government financial help" has garnered a great deal of attention. Therefore, making unaware consumers easy prey to fraudulent activities and unscrupulous scammers. Keep in mind to avoid any phone calls or emails asking you to sign up for the stimulus checks. You can find more information about how to prevent COVID-19 scams on the FTC consumer website.

Unfortunately, it has also become an "opening" for dishonest debt relief companies to entice debtors into revealing personal information they shouldn't and paying for services that usually may be obtained elsewhere for free.

A recent example of student loan scams is somewhat ironic in that its basis was rooted in the fraudulent activities perpetrated by the schools themselves.  Attendees of these schools (or the actual noteholder) were contacted and told they are eligible for student loan forgiveness due to the COVID-19 pandemic.  Often borrowers were asked for their FSA PIN and to sign a power of attorney so records could be accessed and told there would be an application fee (hundreds of dollars at least).

In fact, victims of fraudulent debt relief remedies end up trusting these deceptive practices.  And while there is nothing illegal about charging for student loan help, it's not necessary.  No person or company can get you a lower payment or student loan forgiveness that you can't get yourself by working directly with your loan holder.

SettleiTsoft, ( an intuitive software platform, is designed to help consumers in many ways; particularly those who need to negotiate a reduction in their debt obligations. it also empowers consumers to protect against COVID-19 scams and deceptive student debt collectors.

Accessible 24/7 via Mobile App ( and the Internet, SettleiTsoft provides a variety of Free services – from its powerful financial management tools that will help you develop a livable budget; to its debt settlement capabilities, which include allowing you to communicate with your creditors in a secure virtual environment.

By utilizing SettleiTsoft, debtors are establishing this convenient and seamless electronic means of communication as their preferred negotiation method, which should then stop collection calls from creditors and allow the debt obligation to be amicably resolved.  Since the software is easy to use with step-by-step instructions and topic-specific videos in every section, consumers can quickly become their own super-efficient debt settlement agents and begin restoring their financial peace of mind.

Rich Rudner
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Location:Ft. Lauderdale - Florida - United States
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