John Hechinger of Bloomberg News has unearthed the unsavory practices of the “debt relief” industry.

These are loan sharks that advertise that they will help people pay off their students loans, then charge them as much as $1,600 for services they could get for free from the government.

It is a good business, but it preys on uninformed people.

It is best to be informed, know your rights, contact your Congressman’s office to find out what is available before falling for these lures.