FREEDOM DEBT RELIEF LAWSUIT 2019 HOW TO

District Court for the Central District of California entered a temporary restraining order in the case on November 4, 2019. The Commission vote authorizing the staff to file the complaint was 5-0. For private student loans, contact the loan servicer directly. For federal student loan repayment options, visit /repay. Department of Education or their loan servicer at no cost these programs do not require the assistance of a third-party company or payment of application fees. Consumers should never pay an upfront fee for help, and should not share their Federal Student Aid ID with anyone.Ĭonsumers can apply for loan deferments, forbearance, repayment, and forgiveness or discharge programs directly through the U.S. Only scammers promise fast loan forgiveness, and they often pretend to be affiliated with the government. To help consumers avoid falling victim to such fraud, the FTC has consumer education materials related to student loan debt relief scams at ftc.gov/StudentLoans.

FREEDOM DEBT RELIEF LAWSUIT 2019 HOW TO

How to Avoid Student Loan Debt Relief Scams In addition, the complaint names MJ Wealth Solutions, LLC as a relief defendant. The individual defendants are: Carey Howe Anna Howe Shunmin “Mike” Hsu Ruddy Palacios (also known as Ruddy Barahona) Oliver Pomazi and Jay Singh. (formerly known as La Casa Bonita Investments LLC, also doing business as Education Loan Network, and Edunet) and US Financial Freedom Center, Inc.

(also doing business as Interest Rate Solutions) J&L Enterprise LLC (also doing business as Premier Solutions Servicing) La Casa Bonita Investments Inc. Arete Financial Group (also doing business as Arete Financial Freedom) Arete Financial Group LLC CBC Conglomerate LLC (also doing business as ) Diamond Choice Inc. The corporate defendants are: American Financial Support Services Inc. The defendants are charged with violating the Telemarketing Sales Rule and the FTC Act. However, instead of delivering on the sweeping benefits they promised, operators of the scheme usually contacted a consumer’s loan servicer to place the consumer’s loans into temporary forbearance or deferment status, without the consumer’s authorization or knowledge, according to the FTC’s complaint. The defendants allegedly charged illegal upfront fees as high as $1,800 when consumers agreed to use the defendants’ services. “To avoid scams like these, consumers should never pay an advance fee to a company promising to deliver debt relief.” “Arete Financial Group charged illegal upfront fees and made false promises to consumers struggling with student loan debt,” said Andrew Smith, Director of the FTC’s Bureau of Consumer Protection. The FTC’s complaint against Arete Financial Group and several related companies alleged that the defendants used radio and television ads, as well as online ads and telemarketing calls in which they pretended to be affiliated with the Department of Education, to promise to enroll consumers in student loan forgiveness, consolidation, and repayment programs to reduce or eliminate their monthly payments and principal balances. Department of Education and falsely promising student loan debt relief. The Federal Trade Commission obtained a temporary restraining order halting an operation that bilked consumers out of millions of dollars by pretending to be affiliated with the U.S. About the FTC Show/hide About the FTC menu items.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items.

Freedom debt relief lawsuit 2019