It appears the case against Consumer Advocacy Center and Premier Student Loan Center is still under management by the Court Appointed Receiver. What follows is the Receiver’s update for activities between May 1, 2021 to October 31, 2021. Premier Student Loan Center Case Summary I. RECEIVERSHIP ACTIVITIES During this period, the Receiver and his team … Read more
Question: Dear Steve, I was enrolled in the Arete Financial program. I’m getting emails from you saying I haven’t paid my November payment. I’m so confused. I’m still making payments to the company. Please inform me as to what is going on. I’m not sure what to do. Thanks, Tamie Answer: Dear Tamie, Arete Financial … Read more
The Receiver in the case involving Arete Financial Freedom and others has posted an FAQ that provides specific information on what consumers should do. But first, in more evidence the Arete settlement clients will remain in limbo, former employees are being escorted to clean out their desks. The Receiver says “Notice to Employees – December … Read more
I received the following comment from a consumer regarding her services with Arete Financial Freedom settlement services. These sorts of issues the consumer states are sometimes difficult to evaluate. It is sometimes hard to distinguish between an unhappy consumer who is stuck in a program being investigated by a regulator and valid complaints. Arete Financial … Read more
The case filed by the Federal Trade Commission (FTC) against American Financial Support Services over alleged illegal student loan assistance program issues looks like it has snagged the debt settlement program of Arete Financial Freedom leaving consumers in a very problematic limbo. How This Happened The FTC filed suit against the following: “Defendants American Financial … Read more
The preliminary report is out from the court-appointed Receiver in the case involving “True Count Staffing Inc., d/b/a SL Account Management (“True Count”) and Prime Consulting LLC, d/b/a Financial Preparation Services (“Prime Consulting”) … Defendant Consumer Advocacy Center Inc., d/b/a Premier Student Loan Center (“CAC”), which is in bankruptcy, is not a Receivership Defendant. Albert … Read more
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
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
If anyone knows how to reach Thomas Lynch, I’d love for him to contact me and send in his side of the story on this case. You know it’s never good when debt relief industry members wind up suing themselves. But for now I’ll post these two documents I received and let you read through … Read more