Quick Answer: FTC records show that in March 2016, the Commission filed complaints against PSC Administrative and related companies for allegedly charging advance fees for payday loan debt relief services. However, Judge William Steele denied the FTC’s summary judgment request in June 2016, demonstrating that the FTC doesn’t always prevail in these cases.In March of …
Quick Answer: The FTC sued Payday Support Center LLC for targeting payday loan borrowers with false promises of debt relief, instead collecting hundreds in fees while leaving consumers deeper in debt. The company advised clients to stop paying lenders directly and pay them instead, promising debt elimination within four to six months but providing little …
Quick Answer: The FTC filed suit in 2015 against several payday loan debt relief companies for deceptive practices, proving these operations were illegitimate scams. The defendants collected fees while failing to reduce consumers’ debt, instead sending ineffective form letters to lenders.On February 18, 2015 the Federal Trade Commission filed suit against PSC Administrative, Coastal Acquisitions, …
Quick Answer: The Association for Student Loan Relief (AFSLR) is a new industry organization for student debt relief companies, charging $100 monthly or $1,000 annually for membership. Led by debt relief attorney Robby Birnbaum, the group held its first meeting in December 2013 with sponsors including major debt relief companies.For companies interested in selling student …
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