FTC Refund Checks | July 2020

The Federal Trade Commission announced that it sent out refund checks in three consumer cases in July.

American Student Loan Consolidators Refunds

The FTC is sending out more than $1 million in checks to those individuals taken in by a student loan debt relief scam. In total, 41,048 refund checks are being sent out. Each check is worth between $10 and $27.03, and will go to those who lost money in the scam.

The FTC accused American Student Loan Consolidators, United Processing Center and others of falsely stating that they would forgive students loans, lower a debtor’s monthly payments or lower their interest rates. According to the FTC, the company would charge consumers hundreds of dollars in fees for student loan assistance, but then not provide the promised help.

Allegedly, the company falsely told debtors that they were affiliated with loan services and the U.S. Department of of Education.

The FTC advises individuals who receive a refund check from the American Student Loan Consolidators refund to cash it within 90 days, as it will become invalidated after that point.

Consumers with questions about the American Student Loan Consolidators refunds are invited to call Rust Consulting at 1-877-251-1450 for more information.

Helping America Group Refunds

The FTC has announced that it is sending out $16 million in the form of 27,083 checks to those individuals harmed by a debt relief scam allegedly perpetrated by the Helping America Group.

The FTC filed claims against the organization accusing it of falsely advertising to consumers that the company would help with debt. Allegedly, the organization promised to dismiss, pay or settle debt on behalf of consumers.

According to the FTC, the company would charge hundreds and sometimes thousands of dollars a month for the debt relief services that turned out to be bogus. The company did not relieve consumer debt as promised, and instead took advantage of desperate consumers for its own profit.

Allegedly, consumers were left on their own to discover they were still in debt, their credit was lowered and, in some cases, their accounts were in default.

The FTC advises individuals who receive a check from the Helping America Group refund to cash it within 90 days, as it will become invalidated after that point.

Consumers with questions about the Helping America Group refunds are invited to call JND Legal Administration at 1-833-928-2567.

Corporate Compliance Services Refunds

The FTC is sending out more than $1 million to consumers affected by a Corporate Compliance Services scheme. This money will be sent out in the form of 26,817 refund checks worth $40.80 each.

In this deceptive scheme lawsuit, the FTC was joined by the Florida Office for the Attorney General and the Texas Office of the Attorney General.

The FTC and the two attorneys general accused Corporate Compliance Services of impersonating government agencies by sending out mailers that look like governmental invoices selling labor law posters.

Allegedly, these fraudulent mailers were sent to businesses and tricked them into thinking that they needed to pay a fine.

The FTC and the attorneys general say the posters are misleading and falsely claimed the businesses must pay $84 to be in compliance with posting regulations. Allegedly, the mailers read “failure to comply with posting regulations can lead to fines of up to $17,000.”

The FTC advises individuals who receive a refund check from the Corporate Compliance Services refund to cash it within 60 days, as it will become invalidated after that point.

Consumers with questions about the Corporate Compliance Services refunds are invited to call Rust Consulting at 1-877-874-5786 for more information.

The FTC aims to protect consumers from a range of scams that might harm them financially. Consumers should be on the lookout for potential scams.

These scams may come in the from of robocall advertisements, spam emails, mailers and websites offering bogus services. Doing your research is important to understanding the nature of an offer and determining if there are hidden costs or catches, or if the company is not being truthful.

In many cases, it may be possible to determine the source of a potential scam.

For instance, if you receive a notice from an entity that looks like a government agency, visit the agency’s website to determine if the information is available on the site or reach out to an official contact to verify information before sending money.

Currently, the FTC and the Justice Department are cracking down on scams related to the coronavirus, as scammers try to capitalize on the public’s fears by peddling bogus COVID-19 cures, fake vaccines, and other useless products.

Did you receive a refund check from the FTC? Let us know in the comments below.

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