Three Defendants in Student Debt Relief Scheme Banned from Selling Debt Relief and Telemarketing

Three defendants in a student loan debt relief scheme have been banned from telemarketing and selling debt relief, and ordered to pay millions in resolution of Federal Trade Commission allegations that they deceived consumers by promising to reduce or eliminate consumers’ student loan debt. The U.S. District Court for the Central District of California found … Read more

I Thought Progress Advocates Group and Equitable Acceptance Was the Department of Education Servicer

Question: Dear Steve, I am apparently paying equitable acceptance for my loan through progress advocates group for consolidating my student loan for four years now and I thought they were with the department of education so I’m a little confused and tried to Google and found these articles. Is this still going on? Please help … Read more

My Student Loans Were Being Handled by Premier Solutions Servicing but They’ve Vanished

Question: Dear Steve, I read your article on the current situation with the lawsuit between the trade commission and debt relief companies. A little more background I graduated from the for-profit art institute of Fort Lauderdale in 2007 with a bachelor of computer science and illustration. Along with others, I couldn’t find work in my … Read more

CFPB Files Legal Action Against Doc Prep Student Loan Assistance Companies

The Consumer Financial Protection Bureau (CFPB) has just filed suit against a number o players in the student loan assistance companies and individuals. The case was filed on January 9, 2020 against Chou Team Realty, Monster Loans, MonsterLoans; Lend Tech Loans, Docu Prep Center, Certified Document Center, Document Preparation Services, DocuPrep Center, Certified Doc Prep, … Read more

Can the Company Named Student Loan Movement Really Help Me?

Question: Dear Steve, I am a teacher in Texas in a lot of debt when I say this organization and the movement against the government on this topic. I find too much information not enough clarity. A non profit called student loan movement in California has a forgiveness program offering and I not sure I … Read more

Recent Debt Relief Case Turns Into a Rabbit Hole for Conspiracy Theorists

While some people can find the biggest conspiracy in the smallest discrepancy, I don’t embrace that approach. Instead, I try to look for verifiable facts that can be supported with outside documents. The recent case against American Financial Support Services, Arete Financial Group, Arete Financial Freedom, CBC Conglomerate, 1file.org, Diamond Choice, Interest Rate Solutions, J&L … Read more

Receiver Report on American Financial Support Services Contains Exotic Cars, Mushrooms, Gun, Weed, and Interesting Details

The preliminary report of the court-appointed receiver was made public in the case involving a number of student loan assistance companies including American Financial Support Services. To refresh your memory on the case, read this. In recent days, people named in the case have filed documents saying they should not have been included or had … Read more

Crazy Student Loan Assistance Marketing Call Winds Up at Riverwalk Debt Solutions Supervised by Court Appointed Receiver

I received the following audio file of one of those automated dialer student loan assistance calls so many people, including myself, receive on a daily basis. I hate to characterize the call but just simply from a logic point of view it makes little sense. What you will hear is the call begins with an … Read more

More Student Loan Debt Relief Companies Raided and Hit by FTC

Recently I had received a tip that at least one of the companies named in a recent Federal Trade Commission (FTC) sealed lawsuit had been raided. Subsequently, the case below was unsealed. It appears the FTC filed suit, under seal on November 4, 2019, against American Financial Support Services, Arete Financial Group, Arete Financial Freedom, … Read more