Company Information

Get to know American Student Loan Services, LLC

American Student Loan Services, LLC was a Florida-based company that marketed and sold student-loan debt-relief services to consumers across the United States. The company claimed to assist borrowers in applying for and enrolling in federal student loan forgiveness and income-driven repayment programs. In reality, it charged illegal upfront and recurring monthly fees for services that consumers could access for free directly through the U.S. Department of Education. Following a major enforcement action by the Consumer Financial Protection Bureau (CFPB) in 2019 for deceptive practices, the company ceased operations.

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Financial Financial AdvisementPRIMARY
Financial Legal Service
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American Student Loan Services, LLC

United States

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.