Manhattan Beach Venture – Consumer Complaint – August 5, 2019

Consumer Statement:

On May 12, 2016 an individual contacted me via telephone stating he worked for student loan relief/Obama forgiveness program.

The representative stated he worked with FedLoan and that I was eligible for loan forgiveness.

The individual knew the amount of federal loans I had at the time.

He proceeded to tell me to electronically sign forms on my email, which included a contract from Manhattan Beach Venture LLC stating that they will start taking $39 dollars amount out of my account per month for 48 months until the amount of $1,314 is paid off plus 17.99% interest rate.

He then stated my loans would be forgiven from there. He then requested a signature for equitable acceptance whom would be collecting the money monthly.

Soon did I find out that this was a complete scam. The company does not in fact assist in loan forgiveness nor do they work for FedLoans.

I am stuck paying the monthly payment because I do not want my credit score to be effected by this fraudulent company.

I have made numerous complaints. I am trying to shut this company down to avoid others being affected by this scam and get my money back. I do not want someone else to be scammed by this company.

Consumer Action Taken:

I have attempted to contact the company “Manhattan Beach Ventures LLC” directly numerous times and have been unsuccessful with all attempts.

I have also had numerous conversations with Equitable Acceptance whom is collecting the funds, in which they were unhelpful and unsupportive. I am now beginning to contact numerous resources in attempt to get my issue resolved In hopes that I will get my money back.

Date This Problem Happened: May 12, 2016

State You Live in: Rhode Island

Race/Ethnicity: White

Age Range: 21-35

Total Amount of Fee Paid: $1,314

Company Name: Manhattan Beach Venture

Company Address:

359 Van Ness Way 2nd Floor
Torrance, CA 90501

Company Telephone Number:

Website of Company:

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