Advertiser Disclosure

Borrower Beware: Student Loans Processing Corp.

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.

Student Loans Processing Corp., which appears to be defunct, was hit with sizable liens in 2016 for unpaid California taxes.

At the time of this Watch List posting, the Better Business Bureau had given Student Loans Processing an “F” rating.

Another company owned by managers Raffi Sadejyan and Harry Pambuckchyan, Precise Enterprises LLC, was sued by the Texas attorney general in 2014 and accused of robocalling hundreds of thousands of Texas consumers, including many who were on the National Do Not Call Registry.

Enforcement actions: In the Texas case, a federal court default judgment in 2015 ordered Precise Enterprises to pay more than $6 million for breaches of the federal and state laws that prohibit abusive and deceptive automated calling.

As of 2017, the state of Texas had not forgotten about that unpaid judgment, which had grown by roughly $37,000 because of accrued interest.

California imposed tax liens of $33,201 against Student Loans Processing, records show.

What the company claims to provide: No information available

Based: West Covina, California

Management: Raffi Sadejyan, registered agent, director; Harry Pambuckchyan, secretary

Sources: California state tax lien records; California business filings; Texas court records; California court records