False Student Debt Relief Company Banned by FTC
There was an unfortunate scam in Florida that is now shut down by the state and Federal Trade Commission.
Good things come to those who wait. Especially when it comes to things that sound a little too good. If something sounds too good, you have to learn about it and parse out the facts from fiction. There was an unfortunate scam in Florida that is now shut down by the state and Federal Trade Commission.
In April 2016, charges were brought on Chastity Valdes and her companies, Consumer Assistance LLC, Consumer Assistance Project Corp., and Palermo Global LLC. The defendants were accused of luring borrowers with false promises. They were led to believe that their student loan debt would be “eliminated” and their credit would be repaired.
The settlement orders the defendants are banned from this line of business and are responsible for $2.3 million which is the amount of money consumers lost. The defendants are barred from misrepresenting endorsements, profiting from consumers’ personal information, and failing to dispose of it properly.
The important takeaway is to do your due diligence when deciding to work with companies in this industry. Ameritech Financial has been proven to a bright spot in the industry, doing things the right way. They care about their customers and aim for total customer satisfaction. If you need help with student loans, Ameritech Financial could be your saving grace.
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