For companies interested in selling student loan debt relief it appears a new organization has formed, led by noted debt relief attorney Robby Birnbaum of Greenspoon Marder.
The group, Association for Student Loan Relief (AFSLR) is holding their first meeting in Las Vegas on December 12, 2013 at Mandalay Bay.
Early sponsors of the association are listed as Greenspoon Marder, AP Student Loan Relief, Debt.org, Infinity Client Solutions, CreditSoft, Frontline Debt Services, and Concussion Media. – Source
Action Financial is listed as a member, but not a sponsor. – Source
At this point membership in the association costs $100 a month as a member or $1,000 annually as a vendor member. – Source
The association does have a code of ethics members must follow. – Source
While it appears they are trying to point in a consumer facing direction I’d like to see their code of ethics also require members to openly make disclosures about services available for free from the Department of Education and make fees and services apparent. I previously wrote a guide laying out what I thought people should look for in a student loan assistance provider. You can read How to Run a Clean Student Loan Assistance Program.
The student loan assistance debt relief area will be the next version of the old debt settlement industry in my view. Even Robby Birnbaum with was heavily involved with both TASC and the AFCC is involved with AFSLR.
Marketing information for the conference sent out by Concussion Media says, “If You Are Sitting On The Fence About Going Into Business In This Industry – This Conference Could Answer All Questions” and the AFSLR website says, “We will be hosting the largest event in this fast-growing industry.”
But one issue that jumped out is who is Concussion Media who appears to be behind promoting the AFSLR conference and a vendor. Their website does not list any address or location. That sent me looking for more about Concussion Media.
According to public records, the Concussion Media domain name is owned by Michael Mourgides of MM Marketing Group, Inc. in West Palm Beach, Florida. The domain name was registered on June 6, 2013.
Seven other domain names are located on the same server with the concussionmedia.com site. They are:
What, no debt settlement site?
I have to applaud MM Marketing for making their domain ownership public. AFSLR does not. What I do know is the domain name was registered on August 26, 2013.
But here is where the debt relief industry seems to frequently run off the rails. While ConcussionMedia.com is promoting the association and appears to be a vendor member, MM Marketing Group, Inc. the owner of the ConcussionMedia.com domain name has not been authorized to conduct business since September 28, 2012.
Maybe it is just a horrible oversight, still.