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Labrish
Nyuuz
HELB defends use of auctioneers to recover student loans
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[QUOTE="Queen, post: 87274, member: 27"] Debt collectors sliding into graduates’ phones set off a nationwide panic, forcing HELB to jump online and calm everyone down. Viral debt message sparks uproar [LIST] [*]The Higher Education Loans Board faced heat after auctioneer claims surfaced. [*]A borrower posted a scary repayment text on X on February 23. [*]Screenshot showed a Ksh210,015.79 balance linked to Swipe Auctioneers. [*]Post blew up fast, with Kenyans questioning harsher recovery moves. [/LIST] HELB stands by recovery tactics [LIST] [*]The Higher Education Loans Board admitted using third-party collectors. [*]Officials argued that loan repayment is a legal duty under a revolving fund model. [*]Backlash pushed HELB to shift into a softer, motivational tone online. [*]The board invited defaulters to negotiate repayment plans through direct messages. [/LIST] Digital tools to avoid auctioneers [LIST] [*]USSD code 642# lets borrowers check balances and approve payments. [*]The HELB Mobile App shows full statements and tracks payment history. [*]Self-Service Portal offers desktop access for managing and clearing loans. [*]Those platforms aim to help users stay clear of recovery escalation. [/LIST] [/QUOTE]
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Labrish
Nyuuz
HELB defends use of auctioneers to recover student loans
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