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Student debt relief schemes targeted by FTC. The FTC also announced a settlement in a case we wrote about earlier this year. According to the FTC, Consumer Assistance Project and Student Aid Center promised to get people’s loans forgiven or significantly reduced. consumer assistance targeted people online and over the phone,
Finally, in a separate case, the operators of another student debt relief scheme agreed to a settlement with the FTC that will permanently ban them from the debt relief business. The FTC alleged that Tobias West and his wife, Komal West, the owners of Good EBusiness, Select Student Loan Help LLC and select document preparation Inc., charged consumers upfront fees of $500 to $800 based on false claims that they could renegotiate, settle or alter payment terms on student loan debt.
Operators of a California-based student loan and mortgage debt relief organization have agreed to settle Federal Trade Commission charges that they scammed millions of dollars out of consumers by falsely portraying themselves as affiliates with the federal government. A1 Doc Prep Inc., Steamlined Marketing, and their owner, Homan Ardalan, falsely claimed to be from the [.]
FTC Files Suit Against Student Debt Relief and Credit Repair Scheme. FTC and Florida AG Agree to Nearly $5 Million Settlement With Defendants Pitching "Worthless" Credit Card Interest Rate.
Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business.
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Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business. The stipulated final order announced today resolves charges the FTC and the State of Florida brought in April 2016, against Chastity Valdes [.]
According to the FTC, the defendant companies enticed student loan borrowers with promises that they could get rid of all their debt and repair their credit. These services were offered for an illegal up-front fee, and the defendants went as far as to post fake positive reviews online to scam more borrowers.