Student Loan Debt Relief Scam

The Federal Trade Commission has charged a student loan debt relief organization with bilking more than $28 million from thousands of consumers by falsely promising that consumer’s monthly payments would go towards paying off their student loans.

The defendants are American Financial Benefits Center, also doing business as AFB and AF Student Services; AmeriTech Financial; Financial Education Benefits Center; and Brandon Demond Frere. Consumers received personally addressed mailers advising them they were eligible for a federal program to reduce their payments. Always check to verify any company or program that purports to be part of a federal, state or local government program is legitimate. If the business is legitimate, you should be able to verify through the appropriate agency that they are part of a sanctioned program.

For the full press release see the attached link: https://www.ftc.gov/news-events/press-releases/2018/02/ftc-charges-student-loan-debt-relief-scheme-deceiving-consumers