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Ameritech Financial: A Get Rich System? Hold On, Says FTC

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Ameritech Financial: A Get Rich System? Hold On, Says FTC

PR Newswire

ROHNERT PARK, Calif., Aug. 17, 2018 /PRNewswire/ -- Wealth is hard to come by for countless Americans, so when a get-rich-quick opportunity arises, it can be difficult to turn it down. Thankfully, that's what the Federal Trade Commission (FTC) has done by temporarily halting the operations of a company that allegedly promoted a large business opportunity based on false claims. The company, according to the FTC, enticed customers into buying an expensive "system" by claiming that purchasers could earn huge profits selling products on Amazon. There is no proof that any customer made that amount of money, and most customers who bought the system lost money. Ameritech Financial, a document preparation company that specializes in guiding student loan borrowers through the sometimes complex process of applying for and maintaining enrollment in federal programs such as income-driven repayment plans (IDRs), encourages its customers to be vigilant about offers that seem too good to be true.

Ameritech Financial, which helps thousands of customers save millions of dollars on their monthly student loan bills, is dedicated to finding the right repayment solution for each borrower. There is no "one size fits all" system; instead, the company identifies the specific needs of each client and, with empathy and expertise, assists clients in their efforts to make their financial lives more manageable.

However, the company under investigation by the FTC made money while its customers lost money. As specified by the FTC, the company took in more than $15 million from consumers in just over a year, while most consumers not only did not become wealthy, but they actually lost money. Some consumers paid tens of thousands of dollars for the system. 

Further, the company is also charged with violating the Consumer Review Fairness Act by offering contracts that sought to restrict the rights of consumers to review the products and services they purchased. A good business model is centered on transparency and integrity and invites feedback from its clients at every interaction.

As Ameritech Financial clients know, trust is earned when a company delivers on promises. The company helps borrowers understand and apply for IDRs if they are the right choice for them. Ameritech Financial even helps with required annual recertifications for those who wish to remain in their particular IDR. The idea is for Ameritech Financial to help clients who are interested in lowering their monthly payments so that they may be able to move forward and focus on other important matters.   

About Ameritech Financial

Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.

Each Ameritech Financial telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).

Ameritech Financial prides itself on its exceptional Customer Service.

Ameritech Financial Newsroom

Contact

To learn more about Ameritech Financial, please contact:

Ameritech Financial
5789 State Farm Drive #265
Rohnert Park, CA 94928
1-800-792-8621
media@ameritechfinancial.com

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SOURCE Ameritech Financial

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