Student Loan Debt Relief Scammer Brandon Frere Agrees to Settle FTC Charges

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 … Read more

New Stats Out Paint Depressing Outlook on Student Loans

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 … Read more

Brandon Frere – 12,000+ Pages of Victim Impact Statements

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 … Read more

Are More Debt Relief Executives Facing Real Jail Time Like Brandon Frere?

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. … Read more

Criminal Sentencing Scheduled for Brandon Frere From American Financial Benefits Case

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 … Read more

Ameritech Financial – Consumer Complaint – November 18, 2019

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 … Read more

Ameritech Financial – Consumer Complaint – September 26, 2019

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 … Read more

Ameritech Financial – Consumer Complaint – September 2, 2019

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. … Read more

Ameritech Financial – Consumer Complaint – May 28, 2019

Consumer Complaint Submission

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 … Read more

Ameritech Financial – CFPB Complaint ID 3106954

Consumer Complaint Submission

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 … Read more

Ameritech Financial – CFPB Complaint ID 3106865

Consumer Complaint Submission

Date Received: 2018-12-21T00:00:00.000 Product: Federal student loan servicing Issue: Dealing with your lender or servicer Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: I have been paying AFBC since XX/XX/XXXXto help with my student loans. I paid {$49.00} every month and I thought my loan would be forgiven after I paid so much … Read more

Good and Bad News for Brandon Frere of American Financial Benefits Center

Brandon Frere who is the honcho behind American Financial Benefits Center and a subject of the action by the Federal Strade Commission against the student loan debt relief companies, has won a victory of sorts. Good News I received an alert that the court has awarded him a nine-month stay in the proceedings against him … Read more

Ameritech Financial – CFPB Complaint ID 3074497

Consumer Complaint Submission

Date Received: 2018-11-14T00:00:00.000 Product: Federal student loan servicing Issue: Dealing with your lender or servicer Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: I went through Ameritech Financial to pay off my student loans and to receive a debt forgiveness. They have been taking a XXXX $ payment each month from my checking … Read more

Ameritech Financial – CFPB Complaint ID 3057319

Consumer Complaint Submission

Date Received: 2018-10-26T00:00:00.000 Product: Private student loan Issue: Dealing with your lender or servicer Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: I signed on with Ameritech Financial in XX/XX/XXXX with understanding that they were taking over my student loans through XXXX, into the Graduated Student Loan Forgiveness Program, which would allow me … Read more

Brandon Frere of American Financial Benefits Center – Arrested Before Flight Out of U.S.

Student loan assistance company executive Brandon Frere, 41, was arrested and faces a maximum prison term of 20 years in jail. An FBI Special Agent has stated in unsealed documents that Frere, the honcho of American Financial Benefits Center, a student loan assistance company sued by the Federal Trade Commission (FTC) was arrested just prior … Read more