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.
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