Bohemia, NY (PRWEB) October 21, 2013
Rapid Recovery Solution, Inc. urges caution for indebted college grads on social media.
According to an October 17 article from Mainstreet.com titled “Student Loan Forgiveness Through Instagram?” cyber criminals have employed malicious tactics on the popular photo-sharing app. Posing as the “official” accounts of lender Sallie Mae, fraudulent users advertised “government shutdown specials” to borrowers. The promotions promised to eliminate outstanding loans in exchange for personal information to the first 20,000 followers.
MLive Media Group in Michigan reported, “A search of Instagram accounts on Wednesday (October 9) turned up more than a half-dozen of these accounts, all using the Sallie Mae name and logo.” In response to these damaging scams, the real Sallie Mae warned the social media community about these frauds through its Facebook and Twitter pages. It also assured followers that the government shutdown is in no way affecting the distribution of loans to students in need of funds.
John Monderine, CEO of Rapid Recovery Solution, weighs in on these developments. “Social media has become an essential tool for nearly every business. Even our accounts receivable collection agency constantly updates our pages to stay connected to clients. It’s truly unfortunate when scams like this occur.” Monderine continues. “Above all else, this story reaffirms the reality that there’s no easy way of escaping debt. The key is to formulate and execute responsible payment plans that keep debt in check.”
Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.