GC Services student loan program is a SCAM!

we filed a complaint with the BBB: GC services contacted me a few months ago because I was in default with one of my student loans.I enrolled in the program paying $390 a month for a total of 9 payments and the promise that I was going to be out of default at the end of the program and the benefits would be amazing after I was done with the 9 payments.

Now that I am almost done with the payments I am receiving calls from people harassing me and my wife saying that I am sending payments "voluntarily" and I need to be on a program to be out of default. They denied the fact that I was enrolled on the program and they say that they see no notes or anything to confirm that I am on a program with them and the fact that I spoke with representatives who helped me to enroll. I am not on the program but they are cashing the checks that we are sending them every single month!? They told my wife today that I can be enrolled starting now for a total of 9 to 12 payments starting on August 1st or I would be at risk of garnishment.

So they want us to make all the payments again?! We were really relying on the fact that we were almost done with the payments. We cannot afford starting the program from zero unless they send us the money that we paid. My wife keeps asking to talk with the manager named Greg who enrolled me in the program and he never returns her calls.

He is the one who helped us to be on the program that does not seem to exist.SCAM!!

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Student Loan
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Collection Agencies
review #425779
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Feb 18 #1114167

I believe the same thing this is the third time they contacted me every time they seem to not know my address or they said they seem to always make me verify as if they're trying to get all of my new information and my information however even though I gave him the first four numbers my ZIP Code and the first letter and last letter of the street name he said Sir I need you to say the whole thing and he said he was unable to verify me now at this time I told him they could not like contact me and if not I would sue them however just see you know when I called them back to make the payment my first initial one the lady said hello I asked for my representative by first name only I said do you happen to have anybody in the office name by that she said yeah I guess we do and then she said his last name which is the name you gave me and when I repeat and I said oh yeah that was his name she sad all I don't mom not sure I don't think we have anybody working here by the name so I realize that it is just a company a group 5 Connors that are really good at pretending that they are an agency working to resolve these issues for the student department

0 0 Reply

Jan 14 #1094653

Hi. Was this resolved? I got a letter from them.

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Nov 17, 2015 #1065313

You must work for GC Services!!! things happen in people lives that may cause them a delay in paying their student loans. I know there are people out there that just take out loans and never pay back but not everyone are idiots.... ***!!!!

0 0 Reply
straight to the point

Nov 17, 2015 #1065303

I am so glad that I found this blog and did my research first before agreeing to this program. They just called me today and said all of the same things that you all are reporting. I will not make any payments to them and will work on paying my student loans back on my own. Thank you to EVERYONE!!!!! who shared their story.

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Nov 06, 2015 #1059546

It is true. GC Services is a scam. I finally called who holds my school loans and they have never heard of GC Services. They said these companies create a name and get multiple numbers and will call you and tell you that they are a program to help you with your loan. After that they take your payments and keep them. They give you facts to get you to believe them as well such as wage garnishment. I'm glad I did my research before I even agreed to anything.

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Aug 05, 2015 #1015951

That's becuase any people who have defaulted student loans have multiple loans in default. Enrolling in a program for one set of loans does not cover the rest. Also and most importantly if you do not return the paperwork associated to the program then you are not enrolled and are making voluntary payments.

2 0 Reply

May 06, 2015 #980766

I've made one payment with them, after receiving a wage garnishment at work. The garnishment was not a joke and my company was about to start paying on it, but I was able to get it dismissed, and the Dept. of Ed shows that my payment was made to them. I'm keeping a close watch on it, if it goes sideways I'll do something about it.

0 0 Reply
moron hater

Feb 06, 2015 #942217 Knoxville, Tennessee

You people are *** idiots. You borrowed the money. Pay it back. OH, but I didn't finish school, oh that school closed down three years after I went there.Why didn't I get any of the money.I'm a complete *** to borrow 40 thousand dollars to go to barber school. pay your debts morons

4 18 Reply
educated consumer

Nov 11, 2014 #898488 Orlando, Florida

To STOP GC services, just file a complaint with Consumer Financial Protection Bureau. I did on 11-2-2014 (and after 35 days on being called twice a day 6 days a week) this agency stopped the madness within 48 hours so as of 11-4 I have not received any further "collection" calls, letters or unknown hung ups on my cell. its amazing.... furthermore, for those of you who fell for their tricks the information they offer to get out of debt/ student loans , etc is available for FREE from the from the government or regulated agencies.

3 0 Reply

Oct 13, 2014 #884153 Fort Worth, Texas

From my personal experiencing and research, the only reason they would not show you as enrolled in the program (called the student loan rehab program) is if they did not get you to sign and send back the agreement required by the Department of Education, to enroll you officially. And technically, if they told you the same details that they are required to tell everyone, you aren't actually rehabilitating your loan for the 9-12 months, you are creating positive payment history at the lowest possible amount per month (approved based on your current income/living situation), after 9 months of this they attempt to sell your account to yet another debt collection agency (one that IS in the rehab program), who will then negotiate a new payment schedule (approved again based on your updated income/living situation) to actually remove your loan from default with the the Department of Education. It can take up to 3 months for the selling/negotiating/approval and first credited payment to process, thats why they call it 9 payments (even though theres more) in 12 months (or they'll slip up and say 12 monthly payments). Most cases will only be required to make an additional 6 months of payments in this program to be safely removed from default/garnishment, and once again you will be eligible for additional student loans if that is your goal.

11 0 Reply

Jul 02, 2014 #834843 Chicago, Illinois

You should send a letter to GC Services explaining the situation. Ask them to send you something in writing regarding the payments you made and what is still owed. If the underlying debt is a federal student loan, you'll want to be careful to avoid wage garnishment.

1 5 Reply

Jun 14, 2014 #827410 Eau Claire, Wisconsin

Gota call from these people,, stand in line idiots,,garnish what?....lmao..I'm already in a gasrnishmrnt..got to go trap some squirls to feed family.. Lmao

9 0 Reply

May 13, 2014 #814827

Yeah, as the two sages have pointed out. it is all your fault, because collection companies are always ethical and follow the law.
They would never lie to you...ever ,)
Always document your conversations, even record them where you can, so find out what your state laws are regarding recording. If they are on the up and up, they wont mind. If they refuse to green light, there is your answer.
Yep, it's irrefutable, this is your screw up, the sage told you so.

3 2 Reply
been ripped off

Apr 15, 2014 #805247

I don't understand I owed 22 thousand; they took my income tax check it was 7 thousand plus and they still say I owe 18,500. Where did they attend school and take math? The garnishment of my check in addition to this is about 3 hundred...what the ***? I'm going to request all payments and talk to an attorney. Something isn't right. Please if uve been wronged by this outfit please speak up..maybe someone will take notice.

2 0 Reply

Aug 20, 2013 #703432 San Bernardino, California

Thats funny because I am getting the exact same calls and there saying wage garnishments. smh. now there going to call me every 7 days to see if i did a loan consolidation.

1 0 Reply
Bearded Sage

Aug 07, 2013 #695171

Consider the possibility Dan has mentioned. If your loan type (for example: federally guaranteed student loan) requires documents to be returned, you have to return them! If you read said document, it is an agreement to bring your loan out of default after making 9 consecutive monthly payments (of an agreed-upon amount) in a 10 month period. The agreement also states you will continue repayment after "funding" until your loan is paid in full. If you re-default, the balance in full is due. If you don't sign and return the agreement, it isn't much of an agreement, is it? I'm sorry about the position you feel you are in, but you can do something about this. Any collector at an agency such as GC can help you, not just "Greg." Furthermore, you can request to have your repayment program "back-dated" so your consecutive payments since August would be considered for this funding process. Additionally, you can still be garnished at ANY TIME until your loan(s) are out of default. This is also true of the dreaded treasury (tax) offset or any SSI/SSDI offset, as well. I hope this helps.

4 0 Reply

Jul 17, 2013 #682623 Jacksonville, Florida

The payments you made on your loan are not going to GC Services pocket, they are being credited to your loan. What happened to you is you did not return your application which is the only thing you need to do besides making payments in order to be in the program. You can enroll into the program again since you were never officially in it. It is not costing you any additional money because once the program is completed you still have to pay on your loan anyway with your new lender. GC Services does not make any money based on you paying on the loan, they make it based on your completing the program.

1 2 Reply

Aug 01, 2014 #849388

BS once they raid your bank account, they make lots of money! I am going to close My Bank account and see how fast that paper gets to me!
Dan it is obvious to me that you must be an employee!

7 1 Reply

Aug 03, 2014 #850816 South Bend, Indiana

Actually, they are! This company takes their fees off the top! What goes on your loan is 30 cents on the dollar! I am having my loans consolidated!

1 0 Reply

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