FTC sends checks to people who paid for student debt relief
The FTC is sending more than $273,500 in refunds to people who paid Manhattan Beach Venture (MBV) and Equitable Acceptance Corporation (EAC) for student debt relief.
According to the FTC, MBV deceptively marketed debt relief and loan forgiveness programs to people looking for help with their student loans. MBV charged up to $1,400 in upfront fees and led people to believe that the money went towards their student loans. MBV then encouraged people to finance this fee through a high-interest loan with EAC, a third-party lender.
If you get a check, please cash it within 90 days.
You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-833-689-2046.