Advertiser Disclosure

Borrower Beware: Reliant Account Management 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.

Reliant Account Management LLC agreed to pay $75,000 restitution to settle a class-action lawsuit accusing the company and others of operating unlawfully and charging illegal, excessive fees.

Enforcement actions: The settlement resolved a lawsuit filed in 2014 in Washington’s Spokane County Superior Court by two residents of the state. The company, also known as Reliant Account Management Systems LLC, admitted to no wrongdoing under the settlement.

What the company claims to provide: Debt negotiation and student loan services

Website: http://www.ramservicing.com

Based: Lake Forest, California

Management: Gregory Winters, president

Source: Washington state court records