Advertiser Disclosure

Borrower Beware: Private School Loans Relief LLC

Loans, Student Loans

This company is on the NerdWallet Student Loan Watch List. The list flags student-loan businesses and individuals hit by enforcement actions, court judgments or liens, or bad ratings from the Better Business Bureau. Learn more in Who Gets Listed. Have you dealt with this business, or encountered a suspicious student-loan company that NerdWallet public interest reporters should investigate? Let us know at watchlist@nerdwallet.com.

The owner of Private School Loans Relief, Claudia Seeback, has had a turbulent financial past that includes unpaid liens, which tie up a debtor’s assets until the debt is paid.

Another business owned by Seeback, Tortas Mexico Restaurant, was shut down by the state of California for failure to pay federal, state and local taxes for multiple years.

Liens:

Against Seeback: Tax liens totaling nearly $75,000 from the federal government, the state of California and Los Angeles County between 2008 and 2016.

Against Claudia Seeback, Michael Seeback and Tortas Mexico Restaurant: Tax liens totaling roughly $160,000 from the federal government, the state of California and Los Angeles County between 2009 and 2015.

What the company claims to offer: Negotiating and evaluating private loans for forgiveness, lowering monthly payments and lowering interest rates, according to the company’s Facebook page.

Based: Glendale, California

Management: Claudia Seeback, managing member. Seeback is also the managing member of CMS Tax & Business Solutions LLC, which was incorporated in 2016, as well as the managing member of National Student Loan Help LLC and the owner of LX Level Extreme Inc., both of which were incorporated in 2015. LX Level Extreme Inc. is described as a “media entertainment” company by incorporation papers.

Private School Loans Relief LLC, CMS Tax & Business Solutions LLC and LX Level Extreme Inc. operate out of the same address in Glendale, California.

Sources: California business filings; U.S. Bankruptcy Court, Central District of California; California Franchise Tax Board