This Business is not BBB Accredited
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Student Loan Consolidation Center 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.
Reason for Rating
BBB rating is based on 13 factors. Get the details about the factors considered.
This business has no rating because it is out of business.
Customer Complaints SummaryRead complaint details
|Complaint Type||Total Closed Complaints|
|Advertising / Sales Issues||9|
|Billing / Collection Issues||24|
|Guarantee / Warranty Issues||4|
|Problems with Product / Service||187|
|Total Closed Complaints||229|
Additional Complaint Information
Our files contain a pattern of complaints from consumers that allege Student Loan Consolidation Center is not forthcoming regarding the cost of consolidating their student loans. Consumers state they are misled to believe they are only paying $299 for their initial start-up fees. However consumer's state after several weeks of receiving invoices from their debtors showing no decrease in the amount to be paid, they reach out to Student Loan Consolidation Center at which point they are informed Student Loan Consolidation Center has a 90-day forbearance period during which all payments made go towards the start-up fees.
BBB sent correspondence to Student Loan Consolidation Center requesting their voluntary cooperation in resolving complaints on file with BBB and providing steps it will implement to eliminate the pattern of customer complaints.
As of April, 2014 SLCC hasn't given a formal response to BBB.
On November 27, 2014, BBB reviewed the file on this company and there has been a serious influx in the number of complaints that have come into BBB for this company; however, BBB was notified previously that the company was out of business as of September 4th, 2014.
Customer Reviews Summary Read customer reviews
3 Customer Reviews Customer Reviews on Student Loan Consolidation Center
|Customer Experience||Total Customer Reviews|
|Total Customer Reviews||3 Customer Reviews|
Licensing, Bonding or Registration
This company is in an industry that may require licensing, bonding or registration in order to lawfully do business. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
These agencies may include:Coral Springs, City of
9551 West Sample Road
Coral Springs, FL 33065
BBB records show a license number of 1300066554 for this company, issued by Coral Springs, City of. Their web address is http://www.coralsprings.org.
Type of Entity
Incorporated: February 2012, FL
Business ManagementPrincipal: Mr. Tom Breazeale (Vice President)Mr. Jerry SimondsMr. Chris Young (President)
Contact InformationMr. B T Breazeale II (CEO)Mr. Robert Foley Mr. Nicholas Petersen Mr. William Van Hoesen
Related BusinessesMilitary Debt Management Agency, Inc - 39 Maple Ave, Shalimar, FL
Credit - Debt Consolidation Services, Loan Servicing