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
Age Range: 21-35
Total Amount of Fee Paid: $1,314
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Company Name: Manhattan Beach Venture
359 Van Ness Way 2nd Floor
Torrance, CA 90501
Company Telephone Number:
Website of Company:
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