BBB Business Review
This Business is not BBB accredited
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This business is not BBB accredited.
Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.
To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.
Financial Education Services was a BBB Accredited Business for one year but is no longer. The business' website features a logo displaying the letters BBB. Although this logo does not at all resemble the BBB logo, it does link to the business's BBB Business Review. Non-Accredited Businesses are not permitted to link to their Business Reviews. The BBB sent a letter to FES on 9/11/2013, asking that the link be disabled. The business complied.
Financial Education Services (FES) was a BBB Accredited Business for one year, but no longer. The BBB of Minnesota and South Dakota contacted the BBB of Eastern Michigan and the Upper Peninsula to report that FES had posted multiple signs throughout the St. Paul area that feature the BBB torch logo. The letters "BBB" and all BBB logos are federally registered trademarks, owned by the Council of Better Business Bureaus. These marks cannot be used in any manner without the express permission of the Council of Better Business Bureaus and only by BBB Accredited Businesses. BBB sent a letter to FES on 8/26/2014 advising that all signage with the BBB logo must be taken down. FES responded two days later, stating that they have thousands of representatives across the country and occasionally something like this happens. The owner will remind all reps that FES is not a BBB Accredited Business and displaying the BBB logo is not permitted.
Reason for Rating
BBB rating is based on 16 factors. Get the details about the factors considered.
Factors that raised the rating for Financial Education Services include:
- Length of time business has been operating.
- Complaint volume filed with BBB for business of this size.
- Response to 1 complaint(s) filed against business.
- Resolution of complaint(s) filed against business.
- BBB has sufficient background information on this business.
Customer Complaints Summary Read complaint details
|Complaint Type||Total Closed Complaints|
|Problems with Product/Service||0|
|Total Closed Complaints||1|
Licensing, Bonding or Registration
This business is in an industry that may require professional licensing, bonding
or registration. BBB encourages you to check with the appropriate agency to be certain
any requirements are currently being met.
These agencies may include:
Office of Financial & Insurance Regulation
P.O. Box 30220, Lansing MI 48909-7720
Phone Number: 877-999-6442 Consumer Hotline
Fax Number: (517) 335-4978
Type of Entity
Business ManagementMr. Michael Toloff , President Parimal Naik, Chairman