All the hallmarks of a scam. STAY AWAY! 1. No such legal entity as “Loan Payment Administration” registered with the Ohio Secretary of State’s business office. 2. The solicitation letter they sent has cites a license and bond as OHMT29 as a footer. Well, which is it, a license number or bond number. And if a Bond, why not state the issuing insurance company? 3. There is no connection stated between the “license and bond” number and the Loan Payment Administration or Nationwide Bidweekly Administration, Inc. It likely a resustitation of some extraneous number to “make believe” legitimacy. 4. Even if one takes the example using the outstanding loan amount, why didn’t the wizards use the interest rate that was stated on the original documents, which, by their own admission, they harvested from public documents? Answer: It grossly inflates the alleged amount of savings. 5. “…you will be asked to confirm that you understand that you are voluntarily waiving the interest savings… blah, blah, blah…” Yes, marketing geniuses, insult your potential customers. Even an Opra audience member would be insulted by this juvenile solicitation. I’ll bet the scamsters’ parents are real proud of how their kids turned out. Sheesh!
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