Practical Debt Relief Student Loan Program – Review. Are They a Scam?

Company Name

Practical Debt Relief

Our Impression of What the Company Offers to Consumers

The Practical Debt Relief website student loan page seems entirely confusing to the average consumer. The page top is about student loans but the examples given are for debt settlement. Then they launch back into student loan information.

The disclaimer on the bottom of the page regarding results is for debt settlement as well. It looks to me like a mix of benefits for a totally different program and a sales pitch for student loan services.

They also claim that all student loans can be rolled up into one loan but I don’t think they are going to roll private student loan debt into a federal student loan consolidation program.

Student Loan Forgiveness Program, Consolidate Student Loans - Practical Debt Relief (20130312)

The fees they quoted my researcher are massive as well. You will see them laid out below.

And they appear to want to toss private loans into a debt settlement / negotiation program and allege only 70 percent of the student loan debt would need to be repaid.

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Here the sales representative says the fee for dealing with the private loans is going to be 20 percent of 70 percent of the enrolled private student loans.

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Then the Practical Debt Relief sales representative says the fee for dealing with the federal student loans is based on the amount but it is between $399 to $999.

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The representative appears to not warn the consumer that if the default on their private student loans they could have their wages garnished, a massive collection fee can be added, and other penalties may accrue also. It seems like a very dangerous approach.

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The application given to my researcher clearly asks them for their FAFSA PIN number which the Department of Education warns consumers against doing.


Practical Debt Relief, Inc.
5210 S University Dr Suite 104
Davie, Fl 33328 – Source

See also  Federal School Code List 2009-2010

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Photo Source, Photo Source.

Additional Contact Information

Phone # 888-839-3574
Phone # 888-723-1453
Fax # 888-853-7651 – Source

Company Description

Practical Debt Relief is a Debt Settlement company dedicated to helping the average American get their life back on track by learning how to manage their finances better. – Source


Greg Pesetsky – Founder & President – Source

Company Information

The company was registered in Florida in 2008. The directors at that time were Greg Pesetsky, William Avila Jr, and Rogelio Rodriguez. – Source


Debt settlement and student loan program.



Interesting Points

The site muddles together debt settlement and student loan assistance. Additionally there appears to be an advance fee for debt settlement assistance. If so, that would create a big issue with the FTC Telemarketing Sales Rules.

The student loan page on the website talks about being able have student loan debt forgiven in 120 monthly payments but it is not at all entirely clear and only one mention it only applies to a fraction of loan holders that meet the public service forgiveness program. It will not apply to everyone.

BBB Information

The BBB currently gives this company a D- rating. – Source

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The BBB also lists a slightly different address for the company.

5220 S University Dr
Ste 107
Davie, FL

Domain Information


Domain Owner:
6030 Hollywood Blvd.
Suite 230
Hollywood, Florida 33024

Administrative Contact:
William Avila info@seonext.com
6030 Hollywood Blvd.
Suite 230
Hollywood, Florida 33024

SEO Next, LLC is owned by Rogelio E Rodriguez Jr, William Avila, and Vaibhav Kakkar. – Source

Greg Pesetsky was removed as an co-owner of that company in 1012. – Source

Our Opinion After Review

We previously wrote a guide on what companies should offer in a fair and consumer friendly student loan service program. Please read How to Run a Clean Student Loan Assistance Program. In addition we provide the following guides to check out debt relief companies:

  1. The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
  2. How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off
  • Program Fees Clearly Stated on Site: No
  • Client Agreement Clearly Available on Site: No
  • States Consumers Can Contact Department of Education Directly to Consolidate and Reduce Payments for Free: No
  • Provides clear link to Department of Education Loan Options: No
  • Provides Historical Performance Statistics on Student Loan Program: No
  • Clearly Identifies Management/Officers on Site: Yes
  • Company is Clearly Registered to Business: Yes
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It is our opinion the program reviewed here DOES NOT MEET OUR RECOMMENDED STANDARDS.

Scam, Complaint, Review or Praise


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For Those Looking for Student Loan Resources

Before you pay any company for assistance with your student loans, be sure to check out our free student loan assistance links and guides below.

More Articles About Practical Debt Relief


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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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