Arete Financial Refunds
Filed against Arete Financial
People who used Arete Financial often qualify for 94 more open settlements
Estimated combined payout: up to $1,099
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About This Settlement
The FTC is sending a second round of payments to people who paid money to Arete Financial Group.
The FTC sued Arete Financial and related companies, and the defendants agreed to settle. According to the lawsuit, the defendants pretended to be affiliated with the U.S. Department of Education, falsely promised to reduce or eliminate monthly student loan payments, and charged consumers illegal upfront fees and recurring monthly fees. The settlements required the defendants to pay money to provide refunds and banned them from the student loan debt relief industry.
The FTC first sent payments in June 2023, which resulted in more than $2.6 million in refunds. Because there is still money in the fund, the FTC is sending 18,509 checks totaling over $551,000 to people who accepted their first payment and paid Arete Financial more than $750.
If you get a check, please cash it within 90 days.
You can find answers to common questions about FTC refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-855-678-0558.
How to File Your Claim
- 1Verify your eligibility
Review the settlement details above to confirm you meet the criteria.
- 2Visit the official claim form
Always file through the official settlement administrator website.
- 3Submit before the deadline
Check the official site for deadline information.
Frequently Asked Questions
How much can I get from the Arete Financial settlement?
Per-person payout amounts have not been published yet. Check the official settlement page for updates.
What is the deadline to file a claim?
The claim deadline has not been announced yet. We recommend tracking this settlement to get notified when it opens.
Do I need proof to file a claim?
No proof of purchase is required for this settlement. You can file a claim without documentation.
How do I file my claim?
Visit the official settlement administrator website to submit your claim. Always verify you are on the correct site before entering personal information.
Who is eligible for this settlement?
This settlement is available to eligible consumers in the United States. Check the official settlement notice for detailed eligibility criteria.
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