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Is Student Loan Affordability Advisory Just Another Scum Bag Company?

“Dear Steve,

I simply want to share this with you because I do not know if this is legit or if its simply another scum bag company trying to rip off students who already got ripped off by the predatory lending industry.

Maybe you can shine light on this?”

The Answer

Thank you for sending in your information.

Frankly I’m dismayed to see the mailer. From what you sent it certainly appears to be a variation on the “official looking” mailer to leave people thinking this is some sort of official program.

Student Loan Affordability Advisory

You can always check out a company using the guides below.

I would recommend that anyone considering using such a company should read the following free guides.

  1. The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
  2. 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
  3. How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off

But I did take a quick look at the address, domain, and looked to see it the company is registered to do business.

The mailer says Student Loan Affordability Advisory is located at 1155 F Street, NW, Suite 1050, Washington, DC 20004-1312. That address turns out to be a virtual office space provider. – Source

A search of the portal could not find a company under the name Student Loan Affordability Advisory that was registered to do business.

DC Search

The domain name studentloanaffordability.com is actually registered to a Scott Couto, InboundProspect, Inc., 23 Corporate Plaza Drive, Suite 150, Newport Beach, CA.

Get Out of Debt Free Hotline

According to the InboundProspect website they do target student loan debtor leads.

InboundProspect

I also took a look at the website referenced in the mailer you received. The Student Loan Affordability Advisory website makes mention the site it governed by California law.

These Site Terms and your use of the Site shall be governed by and construed in accordance with the laws of the State of California applicable to agreements made and to be entirely performed within the State of California (even if your use is outside of the State of California), without resort to its conflict of law provisions. You agree that any action at law or in equity arising out of or relating to the Site or these Site Terms shall be filed only in the state and federal courts located in Orange County, California, and you hereby irrevocably and unconditionally consent and submit to the exclusive jurisdiction of such courts.

That just seems to confirm the site and services promoted have more to do with California than anything in Washington, DC.

The site really does not provide information about who is behind it. Even the terms of the site do not say openly who is behind it, “These terms and conditions of use (“Site Terms”) apply exclusively to your access to, and use of, the Web site of the Student Loan Affordability Advisory (“we” or the “Advisory”) located at www.studentloanaffordability.com (the “Site”).”

There is also no physical location information on the site.

As if there isn’t enough ambiguity about who is really behind the mailer, the Newport Beach address for the domain owner appears to be yet another virtual office service provider. – Source

So knowing all those bits above I took another look at the mailer and I have no clue what a Case ID would be since this appears to be just a lead generation mailer.

What I did find puzzling is while they say they can assist with “federal, state, and private payment reduction and loan forgiveness options,” they only say you need to have “at least one federal student loan.” So if you only have private loans they don’t appear to want to talk to you.

My opinion is that the mailer is bullshit and a lead generation effort by a marketing company to sell prospects. If that’s what you were looking for, then you found it.

Please post your responses and follow-up messages to me on this in the comments section below.

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About Steve Rhode

Steve Rhode
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.
  • http://GetOutOfDebt.org/ Steve Rhode

    I do not write stories to rank. However any search engine decides to rank or not rank a story is up to them.

    Google ads are managed entirely by Google. I have no idea who the advertisers are or what happens when someone clicks on an advertisement. But I cover site advertisements at length in the site terms links found at the top and bottom of every page. https://getoutofdebt.org/terms

    The site has no pay per referral relationships.

    Every news site has ads, does that make every news site in America an online marketing company?

    Again, you seem to be dodging the question, what material in the article was factually incorrect on the day it was posted?

    Not sure why you are fighting their battles for them. The company, or any company for that matter, has a link on every story to report an error and provide any statement they want.

    And as far as the Myvesta Foundation D.C. mailbox, as the site says:

    Virtual Mail – If you want to send something by mail you can send it to our virtual mailbox. Be advised, the mailbox service is not authorized to sign for anything so just send it by regular mail.

    Myvesta Foundation
    PO Box 96503 #80622
    Washington, DC 20090-6503

    But then again the site also says the company is a registered Delaware corporation.

  • http://GetOutOfDebt.org/ Steve Rhode

    Just to be clear. GetOutOfDebt.org is not an online marketing company as you allege. We do have ads on the site just as every newspaper in the country does.

    The story was posted on August 11, 2014. The facts you are offering up now are from after that date. It appears the company finally registered with DC, two months after the story. Who knows, maybe they did it as a result of the post. If so, good for them.

    So what exactly are you stating was incorrect about the article when posted in August?

    It is silly to say they latter made changes after the date of the article and call the article incorrect.

    All of the facts in the article were sourced and shown. You make the statement the August, 2014 story was full of “false claims and spinning the truth” but you not uttered one word about the facts as written about in August. Did the story accurately represent the DC registration status on August 11, 2014? Did the letter have the address I wrote about on August 11, 2014? On August 11, 2014 did the site terms say California?

    And while the domain owner has now elected to hide their ownership, On August 11, 2014, the date of the article, the domain was publicly disclosed as being owned by:

    Domain Name: studentloanaffordability.com
    Registry Domain ID: 1838167829_DOMAIN_COM-VRSN
    Registrar WHOIS Server: whois.register.com
    Registrar URL: http://www.register.com
    Updated Date: 2013-12-06T00:00:00-0500
    Creation Date: 2013-12-06T09:10:59-0500
    Registrar Registration Expiration Date: 2014-12-06T00:00:00-0500
    Registrar: Register.com
    Registrar IANA ID: 9
    Registrar Abuse Contact Email: abuse@web.com
    Registrar Abuse Contact Phone: +1.8773812449
    Reseller:
    Domain Status: clientTransferProhibited
    Registry Registrant ID:
    Registrant Name: Scott Couto
    Registrant Organization: InboundProspect, Inc
    Registrant Street: 23 Corporate Plaza Drive Suite 150
    Registrant City: Newport Beach
    Registrant State/Province: CA
    Registrant Postal Code: 92660
    Registrant Country: US
    Registrant Phone: +1.7146891500
    Registrant Phone Ext.:
    Registrant Fax:
    Registrant Fax Ext.:
    Registrant Email: customer.service@inboundprospect.com
    Registry Admin ID:
    Admin Name: Scott Couto
    Admin Organization: InboundProspect, Inc
    Admin Street: 575 Anton Blvd. Suite 660
    Admin City: Costa Mesa
    Admin State/Province: CA
    Admin Postal Code: 92626
    Admin Country: US
    Admin Phone: +1.7146891500
    Admin Phone Ext.:
    Admin Fax:
    Admin Fax Ext.:
    Admin Email: customer.service@inboundprospect.com
    Registry Tech ID:
    Tech Name: Domain Registrar
    Tech Organization: Registercom
    Tech Street: 12808 Gran Bay Pkwy
    Tech City: West Jacksonville
    Tech State/Province: FL
    Tech Postal Code: 32258
    Tech Country: US
    Tech Phone: +1.9027492701
    Tech Phone Ext.:
    Tech Fax: +1.9027492701
    Tech Fax Ext.:
    Tech Email: domainregistrar@register.com
    Name Server: ns29.domaincontrol.com
    Name Server: ns30.domaincontrol.com
    DNSSEC: Unsigned
    URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/

    So what is in error in the post on August 11, 2014?

    • Stryker Royale

      Getoutofdebt.org writes content to rank on search engines so that consumers will click on your links and visit your site. Consumers are then solicited with banner advertisements. When consumers click on the advertisements they are directed to input their information into an online form for a particular service. The consumer information is then forwarded to the client of getoutofdebt.org providing that service. Getoutofdebt.org get’s paid for that transaction. I’m pretty sure this is online marketing. You make your money from the advertisements and any other company that targets those same consumers are competitors of yours. I also wonder if you hire comment writers as well to provide bogus comments for additional negative spin because the comment above mine appeared fake.

      Here are a couple examples of negative spin.

      1) Your title, “Is Student Loan Affordability Advisory just another…”. That is negative spin and a smear. You are inferring that they are a scumbag company. It leaves a negative impression when it is only your self serving conjecture. I appears to be a smear and not an objective article. Especially with the use of profanity at the end of the post.

      2) Posting that the company had not yet been licensed in DC. This could have easily been a filing delay. Obviously they licensed now so your assumption is silly now. Btw, I did a search on your company getoutofdebt.org and myvesta foundation and neither of them are licensed to do business in Washington, DC [see attached screen shots] yet you use a Washington, DC PO Box in your contact us page. How do you explain the below address? Does that mean getoutofdebt.org and myvesta foundation are up to something sinister?

      getoutofdebt.org
      PO Box 96503 #80622
      Washington, DC 20090

      I have no way to prove whether the domain was owned by another company or any of the above and frankly it is not a concern of mine. I didn’t even know about Student Loan Affordability Advisory when you wrote the article. I do realize that it’s not illegal for individuals or entities to own multiple companies, which maybe that is the situation here? But to spin it negatively as if there was something sinister going on is again very silly.

      Plus, it seems to me that it would be very easy to falsify and post a fake domain registration by you. It was easy for me to make up the below. How would anyone know if the below is the true owner or not? Again, it’s just silly the way you negatively spin.

      Domain Name: studentloanaffordability.com
      Registry Domain ID:
      1838167829_DOMAIN_COM-VRSN
      Registrar WHOIS
      Server: whois.register.com
      Registrar URL: http://www.register.com
      Updated Date:
      2013-12-06T00:00:00-0500
      Creation Date:
      2013-12-06T09:10:59-0500
      Registrar Registration
      Expiration Date: 2014-12-06T00:00:00-0500
      Registrar: Register.com
      Registrar IANA ID: 9
      Registrar Abuse Contact
      Email: abuse@web.com
      Registrar Abuse Contact
      Phone: +1.8773812449
      Reseller:
      Domain Status:
      clientTransferProhibited
      Registry Registrant ID:
      Registrant Name: Steve Rhode
      Registrant Organization: Myvesta Foundation
      Registrant Street: PO Box 96503 #80622
      Registrant City: Washington
      Registrant State/Province: DC
      Registrant Postal Code: 20090
      Registrant Country: US
      Registrant Phone: +1.8153013917
      Registrant Phone Ext.:
      Registrant Fax:
      Registrant Fax Ext.:
      Registrant Email: customer.service@getoutofdebt.org
      Registry Admin ID:
      Admin Name: Steve Rhode
      Admin Organization: Myvesta Foundation
      Admin Street: PO Box 96503 #80622
      Admin City: Washington
      Admin State/Province: DC
      Admin Postal Code: 20090
      Admin Country: US
      Admin Phone: +1.8153013917
      Admin Phone Ext.:
      Admin Fax:
      Admin Fax Ext.:
      Admin Email: customer.service@getoutofdebt.org
      Registry Tech ID:
      Tech Name: Domain Registrar
      Tech Organization: Register.com
      Tech Street: 12808 Gran Bay Pkwy
      Tech City: West Jacksonville
      Tech State/Province: FL
      Tech Postal Code: 32258
      Tech Country: US
      Tech Phone: +1.9027492701
      Tech Phone Ext.:
      Tech Fax: +1.9027492701
      Tech Fax Ext.:
      Tech Email: domainregistrar@register.com
      Name Server: ns29.domaincontrol.com
      Name Server: ns30.domaincontrol.com
      DNSSEC: Unsigned
      URL of the ICANN WHOIS
      Data Problem Reporting System: http://wdprs.internic.net/

      Anyway I’ve spent enough time defending a company that has done right by me so far. I just don’t like liars and spinsters. I’m sure you can relate given this link; http://www.ripoffreport.com/reports/directory/steve-rhode.

  • Stryker Royale

    I received a letter in the mail from Student Loan Affordability Advisory and did a quick Google search, which led me to this posting. I have nearly $45,000 in student loan debt and liked what I read in the letter, but was surprised by what I read on this posting. I’m very thorough in doing my research before I’ll move forward with anything so I thought I would do what the author of this posting did.

    Much to my surprise nearly everything the author claimed was false or spun negatively.

    I did some research on getoutofdebt.org and realized it is a online marketing company posing as some sort of consumer advocacy group so I figured it’s probably a smear campaign against a competitor. It’s obvious since their website is stacked full of banner advertisements.

    First I visited the studentloanaffordability.com and found that the company is Student Loan Affordability Advisory, LLC. I then looked up Student Loan Affordability Advisory, LLC on The District of Columbia website. Sure enough the company is licensed to do business in DC and is a Delaware LLC. Attached is a snapshot of that search on the DC.gov website.

    I then did a domain search and the information that came up was anonymous, which is pretty standard for privacy purposes.

    I looked at the Terms of Use page on the website and it states the following;

    14. Applicable Law and Venue

    “These Site Terms and your use of the Site shall be governed by and construed in accordance with the laws of Delaware applicable to agreements made and to be entirely performed within Delaware (even if your use is outside of Delaware), without resort to its conflict of law provisions. You agree that any action at law or in equity arising out of or relating to the Site or these Site Terms shall be filed only in the state and federal courts located in Delaware, and you hereby irrevocably and unconditionally consent and submit to the exclusive jurisdiction of such courts”.

    Makes sense that it’s a Delaware LLC doing business in DC per the dc.gov business search. The company also provided the following contact information on the website in the Contact Us page and in the Privacy Policy and Terms Of Use pages. Don’t seem to be hiding anything to me.

    Student Loan Affordability Advisory, LLC
    1629 K Street NW, Suite 300
    Washington, DC 20006
    T: (202) 973-0186
    info@studentloanaffordability.com
    http://www.studentloanaffordability.com

    I then called the company directly. It was answered by a live person that said ’Student Loan Affordability Advisory how may I help you?” I asked them about why their mailing address was different on the website versus what is stated on the letter and they apologized and said it was a printing error by the printer who mailed the letter and that all new letters have the correct address. Made sense to me so I briefly told them my situation and they forwarded me to a representative that has been very helpful and forthcoming so far.

    Bottomline, is this post by getoutofdebt.org appears to be a smear campaign in an attempt to discredit a competitor by making false claims and spinning the truth. I did the research and what the author stated on the site didn’t match my findings.

    Also, the use of profanity by the author at the end of this posting really discredited him and the posting for me.

    Student Loan Affordability Advisory made it clear on their website and over the phone that that they help people with student loan debt find a debt or payment reduction solution.

    They seem to be a good resource. It’s been so far so good for me.

    • Blen Butterson

      Somebody give this guy the award for Customer of the Year!

      …or, most likely, this is the CEO of “Student Loan Affordability Advisory”.

      Maybe the reason Steve assumed you ran a scumbag company is because you made your name sound like an official government agency and not a business?

      On your website, it says you’ve gone through a “rigorous accreditation” process. Would you mind sharing exactly what organization you’re accredited by? You forgot to say.

      You also said, “According to our estimates there are hundreds of student loan agencies throughout the United States offering various types of student loan payment reduction and forgiveness solutions.”.

      Yeah, there’s some obscure state and organization-specific forgiveness programs, but for the most part, the federal programs are all administered by the Department of Education. Don’t you think it’s a little misleading to say that people have to sort through hundreds of options, when there’s probably a handful of federal programs you fill out the free applications for on behalf of borrowers?

      Last question. Your company’s address just so happens to be the same address for “virtual office’ service.

      There’s no possible way that you created the name “Student Loan Affordability Advisory”, made up all this language about accreditation, and got a Washington DC address all to trick people into thinking you were more legit than you actually are, right?

      I’m sure there’s some kind of reasonable answer to this strange series of coincidences.

      • http://GetOutOfDebt.org/ Steve Rhode

        Just for the sake of clarity, I never called the outfit a scum bag company. The reader who sent in the question said, “because I do not know if this is legit or if its simply another scum bag company trying to rip off students.” I was just quoting them in the title.

        It would be refreshing for anyone to point out what facts were incorrect in the original post on August 11, 2014 rather than just engaging in misdirection attacks, which in my opinion, do more to raise red flags.

        Could it be the reason no errors in my answer can be identified is because there were none?

    • Blen Butterson

      By the way, you did not receive a letter in the mail. Just be honest and say who you are.. obviously a C-level employee of the business, if not the owner.

      You student loan relief people have underestimated the intelligence of the average college educated American.

  • Treesje Powers

    I received this mailer as well and I am SO glad I stumbled upon your site. I thought it was a little suspicious considering that I consolidated my loans nearly 2 years ago and had not been inquiring about loan forgiveness from any company. You saved me from getting scammed for sure. THANKS!

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