FTC Took Action Against Alleged Student Loan Debt Relief Scam

Business Info

FTC Took Action Against Alleged Student Loan Debt Relief Scam

The Federal Trade Commission (FTC) announced a few months ago that it hadtaken action against a scheme falsely promised student loan debt relief and credit repair andsupposedlytook millions of dollars from consumers. The alleged student loan debt relief scam that bilked over $11 million from consumers nationwide.

Strategic Student Solutions and several related companies promised to reduce or eliminate student loan debt and offered the borrowers credit repair services that didn’t exist in fact. The borrowers had to pay upfront fees and make monthly payments. They allegedly were charged illegal upfront fees as high as $1.200, as well as monthly payments that made up $49.99.

The defendants were David Green and his companies: Strategic Student Solutions LLC, Strategic Credit Solutions LLC, Strategic Debt Solutions LLC, Strategic Doc Prep Solutions LLC, Student Relief Center LLC, and Credit Relief Center LLC.

They were accused by the FTC of violating the Federal Trade Commission Act, the Telemarketing Sales Rule, and the Credit Repair Organizations Act.

Tom Pahl, acting director of the FTC’s Bureau of Consumer Protection notedconsumers who had paid Strategic Student Solutions for help with their student loans saw their situations go from bad to worse. According to Pahl, you should never pay an upfront fee to a company that promises to deliver debt relief.

The student loan document preparation industry is tabbed as high risk. To get a reliable and low-cost student loan doc prep merchant account, it’s critical to turn to a respectable payment processor like eMerchantBroker. EMB is … Read More

Ways To Build Credibility For Your Business

Business Info

Ways To Build Credibility For Your Business

It’s the goal of each and every person to be seen as credible, to be respected and taken seriously. Naturally this extends to our businesses. Whether you’re a small business owner, a major CEO, or you’re a partner in a start-up, building credibility for your business is crucial to its success. So how do you boost the credibility of your business? Is there a time tested formula to follow, rules to abide by? Yes and no. They might not be the ones you think!

While many people believe that the more certifications you have the more credible you are this doesn’t exactly translate. Reading business book after business book to better understand the world of business doesn’t always work either. When trying to boost credibility it’s important to remember that credibility can’t be created overnight. Whether you’re looking for credibility within your own office or within the eyes of the public (your consumers) sticking to your guns and not backing down in the face of opposition goes a long way!

A great and inventive way to build your business’ credibility is to write a book! Books are trusted sources of information and when a person becomes an author they are automatically more respected than they were before. Writing a book implies knowledge, expertise, and insight. All of these things culminate to create respect and credibility.

A few simple ways to emanate confidence and credibility would be to be knowledgeable, sincere, and honest. These traits demand respect and are liked by … Read More