Student loan debt relief scammer Brandon Frere and his companies, including Ameritech Financial, have entered into an agreement with the Federal Trade Commission to settle charges they misled approximately 40,000 consumers about lowering their student loan debt. According to the FTC’s 2018 complaint, Brandon Frere and his companies sent personalized mail to consumers that falsely claimed …
The Consumer Financial Protection Bureau just published their annual report on student loans. Some of the data jumped out at me. Fun Facts Students who take out college loans but don’t graduate are three times more likely to default than borrowers who complete. The average amount of recent defaults, as of March 31, 2020, is …
What began as an action by the Federal Trade Commission against Brandon Frere, AFB, AF Student Services, Ameritech Financial, and Financial Education Benefits Center has almost reached its conclusion, reporting to prison. As a result of Frere’s student loan assistance activities, he was nabbed by the FBI at the airport. Frere was to report to …
Brandon Frere is either the unluckiest debt relief executive or the first of a trend of debt relief company executives hit with criminal charges. Brandon was the guy behind American Financial Benefits Center (AFBC). Like other companies, AFBC first appeared on this site as a result of consumers sending in their junk mail to me. …
Brandon Frere seems to be nearing the end of his legal issues with both the FTC and U.S. Attorney. A recent court filing in the American Financial Benefits Center case said, “As the Court is aware, on December 20, 2019, Defendant Brandon Frere entered a plea of guilty to one count each of wire fraud …
Consumer Statement: was one of those people who fell for Ameritech scam on student loans. I paid $100.00 monthly for about 8 months when I realized no payment was made on my student loans. I was told by Ameritech to continue to pay for loans including with them. Made no sense so I stopped paying …
Consumer Statement: Signed up with Ameritech Financial for assistance in repaying student loan debt. Paid monthly but never heard from anyone back and my student loans were still the same amount and I could not see any money being paid towards the debt. Consumer Action Taken: Called and inquired about what kind of assistance had …
Consumer Statement: From 2016 to 2018, Ameritech Financial took payments from me they claimed were going toward a medical debt I’d had from 2015, when I had no insurance. I later found out from a letter received from the FTC in April 2018, that those payments were actually a loan-repayment scam run by Ameritech Financial. …
Consumer Statement: Ameritech Financial deducted payments for 2 years from my bank account that were to repay my student loan. I have since found out, none of the payments were made on my student loan but I have no idea what happened to the money. Consumer Action Taken: I have attempted to get in touch …
Date Received: 2018-12-21T00:00:00.000 Product: Federal student loan servicing Issue: Struggling to repay your loan Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: Very confounding by in XXXX funds are being allocated for payments. Also due date on which funds are taken changes Company: Ameritech Financial State/Zip: TX 750XX Company Response to Complaint: Untimely …