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Refunds Sent to Students Deceived by Student Advocates’ Debt Relief Scam

The Federal Trade Commission is sending 14,521 checks totaling more than $822,000 to borrowers who lost money to a student loan debt-relief scheme that operated under the name Student Advocates. Consumers who receive checks should cash them within 90 days, as indicated on the check. Recipients who have questions about their refund should call the …

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Do You Owe Equitable Acceptance Over Student Loan Help – No You Don’t

Equitable Acceptance Corporation has a clever plan when student loan debt relief was being sold hot and heavy. They would take over the contracts owed for services and when the underlying debt relief company vanished or folded, the contracts were still due, even when the services delivered were haphazard at best. “Equitable Acceptance Corporation (EAC) …

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Operators of Student Loan Debt Relief Scheme Banned From Providing Debt Relief Services as Part of Settlement with FTC

The operators of a student loan debt relief scheme are banned from providing debt relief services and have agreed to settle Federal Trade Commission charges that they collected illegal upfront fees and falsely promised to lower or even eliminate consumers’ loan payments or balances. In its 2019 complaint the FTC alleged that Student Advocates Team …

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Multiple Student Loan Debt Relief Entitles Settle With FTC

The operators of a student loan debt relief scheme are banned from providing debt relief services and have agreed to settle Federal Trade Commission charges that they collected illegal upfront fees and falsely promised to lower or even eliminate consumers’ loan payments or balances. In its 2019 complaint, the FTC alleged that Student Advocates Team …

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The Quiet End of Equitable Acceptance Funding Student Loan Assistance

Yesterday the Court granted preliminary approval of a class action settlement against Defendants Equitable Acceptance Corporation and Jeffrey Henn. In the settlement agreement Equitable Acceptance will cease collection on all student loan assistance credit plans, is prohibited from selling and issuing Credit Plans in the future, and will credit bureaus to delete the Credit Plan …

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Why Does Equitable Acceptance Want to Hide Information From the Public

Can you believe this?

Equitable Acceptance has been or was a big player in the student loan assistance space. While it might not have been the intention of Equitable Acceptance to create an unfortunate situation of enabling less than stellar student loan relief companies to sell questionable services, sell the originated contracts to Equitable Acceptance, get paid a portion, …

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Equitable Acceptance Named in Suit by FTC in Student Loan Assistance Scheme. Contracts Not Due.

Equitable Acceptance has apparently taken the position they are nothing more than a contract financing company for the student loan assistance industry. They also state they are involved in other industries as well. But in the student loan assistance space, Equitable Acceptance has seemingly enabled fly-by-night student loan debt relief companies to pop up, make …

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Equitable Acceptance Corporation – CFPB Complaint 2018-12-17

Consumer Complaint Submission

Date Received: 2018-12-17 Product: Federal student loan servicing Issue: Dealing with your lender or servicer Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: I was contacted by XXXX XXXX from XXXX XXXX via the phone a year a ago just a few months after graduating from college. The company was going to help …

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Equitable Acceptance Corporation – CFPB Complaint 2018-11-29

Consumer Complaint Submission

Date Received: 2018-11-29 Product: Federal student loan servicing Issue: Struggling to repay your loan Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: This complaint is about fraud student forgiveness programs and not doing as they promised. I refuse to payback Equitable Acceptance for their fraud and I will not have my credit ruined …

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