Advertiser Disclosure

Borrower Beware: Student Debt Solutions 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 Washington attorney general directed Student Debt Solutions LLC to refund nearly $12,000 to clients in the state, according to a 2017 news release.

The company overcharged Washington customers and collected unlawful fees, the attorney general alleged in a 2016 release.

Enforcement actions: Student Debt Solutions had to repay 21 Washington borrowers, the attorney general said.

What the company claims to provide: Document preparation and processing related to consolidating federal loans and applying for loan forgiveness programs

Based: Washington, D.C., according to the Better Business Bureau. It also has a mailing address in Venice, Florida. The company is a foreign limited liability company registered in Florida.

Management: Maximo Plasencia, owner. Giovanni Luigi Mauri originally owned and incorporated the company before transferring ownership to Plasencia in July 2015, according to Florida business filings.

Sources: Washington state attorney general, Florida business filings, Better Business Bureau


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