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Borrower Beware: Student Reform Associates

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 Student Reform Associates, a debt-negotiation service company, was ordered by the Connecticut banking commissioner in 2016 to cease operations in the state for doing business without a license and failing to provide debt negotiation services.

Enforcement actions: Student Reform Associates was also ordered to repay nearly $3,000 to two customers.

What the company claims to provide: Loan consolidation, lower payments and customer enrollment in student-loan forgiveness programs

Based: La Jolla, California

Owner: Leonardi Ortiz

Sources: Connecticut court records; California state deeds


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