Government Shuts Down Student Loan Collector in Florida

Government Shuts Down Student Loan Collector in Florida

Ron Hurtibise
Jun, 4th 2017

A Boca Raton-based student loan relief operation promised to shorten loan terms and reduce monthly payments, then took borrowers’ money and let them fall deeper into debt, the Federal Trade Commission charged in a lawsuit seeking to permanently close a group of related companies and return victims’ “ill-gotten monies.”

Saying the operation violated federal laws governing telemarketing sales and credit repair services, the FTC obtained a temporary restraining order on May 15 halting its activities and transferring all assets and records to a court-appointed receiver.

The receiver, Charles Lichtman of the Fort Lauderdale-based law firm Berger Singerman, said in an interview Friday that as much as $25 million to $30 million could have been taken in the more than five years he believes the operation has existed.

Records indicate the operation had more than 20,000 customers just over the past 15 months, Lichtman said.

Read More

Join Us. We are waiting for you!

Sign Up Today!

We welcome you to our community where you can gather and share information on debts and issues which may have your life unsettled. Together we thrive!

Logo mobile 4b2fda9e088d7249be95ede0cc3adea2de299a346ba55b450264e0c976b239c5

Join our community Today! IT'S FREE

Our Interactive Knowledge Base Has All The Infomation You Need To Settle Your Debt & Settle Your Life™


Join, Resolve & Share!