Who doesn’t have bad credit these days and who doesn’t want to fix it and make money at the same time?
Well, that’s what a company called Financial Education Services claims to do and I’m sure we all have questions, which is why I have decided to do a complete review on this program to show you exactly how everything works.
Is FES a scam or can they really fix your credit?
So many questions from one company and I know exactly how you feel.
You might have across a post from a friend that tells you about a program that can do some kind of magic and literally scrape your debt away just by using their service
Then you have the other part of the program that allows you to make money by simply introducing the same fix your credit service, which by then has your eyes coming out of its sockets.
Is all this real or is FES just another make money scheme?
There are two parts to this product and rather than giving you a long useless review, I want to give you the meat and potatoes rather than trying to sell you on another make money from home opportunity.
So one, can FES really fix your credit and then two, can you really make money with it?
Those are the two main topics I’m sure you want to know about but I will also give you a little more details on what you can expect if you do decide to join FES.
Now if you’re simply looking at this as some kind of make money gig, you might want to checkout my #1 rated program instead.
So let’s dig a little and allow me to pick apart this program with a nice little FES review.
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Summary
Name: Financial Education Services
Website: www.financialeducationservices.com
Owners: Mike Toloff and Parimail Naik
Price: $87/month
Overall Rating: 2.5/5 stars
So What is Financial Education Services?
Financial Education Services (FES) was founded in 2004 by Mike Toloff and Parimail Naik and is operating out of Farmington Hills, Michigan.
They are a credit repair/multilevel marketing business which does exactly that.
Fixes your credit along with the chance to make money by recruiting others who need some help with their credit.
The company has over 1,000 attorneys working for them and they also specialize in creating wills, power of attorneys, trusts, among other services just for being a member of FES.
With owners being mentioned, having an actual headquarters, and a name that actually sounds real, could this be a legitimate company?
Well, they actually are.
Credit repair is nothing new and it has been around for a very long time with most services being mediocre and barely doing anything to your credit report.
So what makes FES any different?
If you aren’t really familiar with what FES is all about, you might want to checkout the video below but don’t let the marketing get to you but rather just use it as a guide.
Can FES Really Fix Your Credit?
Forget about the money making part of FES, we all want to know if this company can actually fix our credit because that is what we are planning to sell in the first place.
I mean, how can you sell something that doesn’t even work?
It only makes sense to have a product that works or you really aren’t offering anything to your potential downlines.
It’s completely normal to be skeptical about anything like this, especially when dealing with your credit, which obviously would require your social security number to begin the process in the first place.
There are many mixed reviews on the net and it is almost 50/50.
The way I see it is that for some reason, it only works for some people and that I can not explain.
To answer this question, it is going to be yes and no.
Confusing, but that’s just how it is.
I’m guessing that if you have simple issues with your credit report like a late payment then you won’t see much of a change compared to someone who has everything that could possibly make your credit horrible.
For those of you with really delinquent accounts, I think it would really help, especially with the process that they take in order to put your credit in good standing.
How it Works
From my understanding, these attorneys will contact the credit bureaus and they have 30 days to respond to the letter.
If no one responds within that given time frame, they will have no choice but to remove the disputed items from your credit report.
So the whole goal for the first part of this credit fix is going to be in hopes that the credit bureaus don’t respond, leaving them no choice but to clear your record.
Now what if that doesn’t work?
Well, they continue the dispute of these errors.
And that is why it will sometimes take 60- 90 days for anyone to see any results.
This is what was explained to me and I will update this review as soon as I see my results.
For now, this is only what I was told.
Making Money With Financial Education Services
This is one program that I’ve seen that the money making part is actually explained last.
It’s actually really a simple explanation actually.
Everyone has less than good credit!
People want to buy a car or a house and their credit is not anything close to being decent so how in the world can you even attempt to do it?
Will FES be the solution?
Personally, I think this is a very simple business model with a huge audience.
They can’t help but inquire about something that can fix their credit.
If this program actually works, I see this is a no-brainer business.
The compensation plan is not the easiest to understand.
What I do know is that you make less than $20 for that first person who joins under.
After that first level, things really pickup and you start making more money.
This is done so that everyone works as a team and no one is left behind.
I see this as a great thing, especially when it comes to something like multilevel marketing.
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The Price to Join FES
The whole “less than what you would pay for your daily cup of coffee” thing is pretty old but it works wonders.
However, it is under $3 a day for something that could possibly fix your credit as well as make you money.
To get started with FES it is going to cost you AT LEAST $249, which includes your first month’s fee as well as your enrollment fee.
You can also become an agent and promote FES but that’s going to cost you $286, which also covers your first month’s fee.
After that is paid, you can promote FES and take part in their recruiting program but be expecting your monthly payment of $87 to come around the same time next month.
Not a bad price and is actually really affordable for what they provide.
So is FES a Scam?
Being around since 2004 is actually a really good sign when it comes to ANY MLM company.
The biggest thing we need to worry about is if in fact the credit fix actually works or this might just be useless to us.
Then again, they have the other services which can help you simply be a member and recruit others so that you can make money.
Everything depends on your goals and on whether or not you can even afford to the $87/month.
I don’t see this as a scam but rather something that does require some caution.
Conclusion
I love being the guinea pig.
Although this is not one that I enjoy testing for you guys, I wouldn’t be giving an honest review if I didn’t actually try it for myself.
Right?
So as of right now, you will have to wait on my results before I give any further recommendations about this company.
I have seen too many mixed reviews that it’s really hard to tell until I actually see it in action for myself.
Until then, sit tight while these “attorneys” go out there and try to fix my credit.
In the meantime, you might want to checkout my #1 recommended business opportunity if making money online is something that might interest you.
Other than that, I hope this review of Financial Education Services has helped you in one way or another, even if I couldn’t provide results just yet.
Do you have experience with FES?
Please do share them in the comments section below as I’m sure we can all benefit from some real user experience.
If you’ve only gave it a month then that might not really help.
But for those of you who were a member for over three months then definitely share your results.
Cheers!
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Is Investing Into Your Business Holding You Back From Really Succeeding?
I have been using FES for about 4 to 5 months with no credit fix at all.. they are still having me send the same Dispute letters I did when I signed up Like they are only banking on not getting a reply within 45 days Resulting in my credit being cleared… im really getting sick of my money being wasted and i really need my credit fixed..
ISN’T THIS COMPANY A PYRAMID SCHEME,? THEY WANTED 199. PLUS 89 TO BECOME AN AGENT THEN RECRUIT 5 PEOPLE AND YOU HAVE TO PAY 89 monthly till you recruit those 5.commission based 100 for everone you sign up after 10 its 140 or 160 pyramid for sure
Yes this company is a complete scam . They received my down payment of 200 to get started next faxed over all documents they needed to have the credit pulled for review waiting for weeks for a response after that they stated that they were sending out dispute letters first Stated that the first set would come in the mail lol dispute letters Never came I was supposed to receive in the mail I waited almost a month never received anything now it’s time for payment every time you call I’m sorry we are behind we just have so many clients but they wanted another payment and theydid nothing to my credit so I drop this company complete scam every time it was time for them to do something towards the credit no actions were taken so I decided to drop them they are a scam a real joke
That is such BS I had a client that did not receive his letter so he called they email the letter right away. The reason was that his address was Entered wrong
OMG, So glad I read your post. SAME THING IS HAPPENING TO ME. I have been with those fools for now 6 months. Letters never came. They then emailed them to me. And have not heard anything back from them. They won’t even answer my emails. When I do call. I get some lame excuse about how they are not sure why that is happening. HOWEVER, They take that money out. I have now canceled them as of today.
lol mlm credit repair ….. you can dispute items on your credit report for free! You would have to be pretty damn stupid to believe “attorneys” work for $87 a month hahahahha What a joke
I’ve been helping people (friends and family) fix their credit for years. In 2 months I’ve been able to raise peoples credit by over 100 points, I’ve been able to remove items of their credit..It takes time and a lot of effort and consistency. I was looking for a company (system, platform in place) that I could join and that would allow me to continue to provide the services that I’ve been providing for FREE, but instead make a little money (we all have bills and time is money) 🙂 I just got off a webinar and their system is like any MLM, you have to work it to make money, it’s not going to happen overnight. I have my main business as an Interpreter and Interpreter Trainer, so this would be my “side hustle”…I’ve been in business for over 18+ years, so I know the ins/outs of business and before I start on a new venture I like to do my research before “throwing my money and wasting my time”…I just got off a webinar and it seems very legit…Granted some people do it just for the money others do it to help and earn a little on the side…Before starting any business, or investing in anything make sure you do research…I’m gonna go for it, I will be starting as an agent! Good luck everyone!
Please reply, im not findin in BBB,
Many people on YouTube are saying this is a pyramid scheme,
Please prove me wrong, I am interested in joining as part time business, but many people i run into have only been in business for months.
It is 100% a pyramid scheme. They advertise on Facebook and hold meetings in my town in rented public government buildings to try to recruit salespeople.
If their product was so great they wouldn’t be holding recruitment rallies and asking each attendee for $287 up front and $87 per month to sell their products.
Jobs pay you working. MLMs make you pay them while you work and a shockingly high percentage of workers do not ever profit at all!!
You do not “own your own business” if you are paying a company to stay on as a salesperson.
Just contact Clarice Brown. She has actual current client results on her page and is very upfront and honest. She owns 1st Prime Credit Consultants LLC. She doesn’t work on commission or will try to offer you other services. All she does is credit restoration. Go see for yourself, her Instagram is @1stprimecredit and her Facebook is the name of her business. The score that increased 652 points is mine.
Just signed up with company
I’m sorry to hear that. Please don’t recruit your friends and families to lose money on this “amazing business opportunity” as well.
This is a scam!!! Lies lies & misleading
Did it not work for you Teresa?
it is not i am a customer AND my points have gone up 36 in less than a month!
Hi John, I just saw your site and was intrigued. Did you every get the information you were waiting on or get feedback from anybody? I’m not a realtor anymore but I still get calls from family or friends of friends looking to purchase a home an needing their credit repaired to purchase or to get a better rate.
Hi Mrs Jesse! I’m not with FES but do own my own successful credit repair company. If interested, it would be my pleasure to speak with you about our program. I can be reached at 331 201 9881 or my website http://www.mycreditlyfe.com and I’m also on Facebook as Social Coaching.
I have recently signed up as an agent with FES, I will definitely be returning to give you some feedback on the process and outcome.
How is it so far?
I had not heard of Financial Education Services before. So much of finance law is country specific information. Do they operate internationally or only in USA / Michigan? Is fixing your bad credit score really as simple as sending a letter and if they don’t respond in 30 days then the debt is forgiven and we can all move on? Wow do you need a lawyer to write the letter or can a “lay” person do it? I have not heard of debt being forgiven that easily in my country. I will be keen to know if it is international or USA only. Cheers
Phenomenal product and service!
My score increased 93 points in 45 days!!
Thanks Soo much
I feel like this article was made in the best interest of FES. An ad disguised as an review.
Definitely not Ingrid, I just always give a company the benefit of a doubt.
I’ve just got with this company. I’ve signed my documents and waiting 30 days to see if i get any results.
Please share your results when you do get them Felica…
so what was the results did they fix your credit John.. is this company scam or legit?
How did it go?
Hi Rebekkah. I have been with FES for (3) years. FES is a great company that provides Credit Restoration services as well as Credit Monitoring, Identity Theft, MyCare Plan (Will/Trust/ Financial & Health Power of Attorney/Trust), and other services ALL INCLUDED in the monthly fee. Once payment is stopped so do all services. Some of them can be continued individully.
I have many Clients who loved the services. They benefitted greatly with increased scores and used the other services.
I also have Clients who did not benefit because they did not do their part by signing and mailing the letters and uploading updated letters to their account.
I also had some Clients who did not keep up with the $89 monthly payment and fell off.
Most companies provide the same process but FES provides more services for one price and no hidden fees.
There are times when the application fee may be reduced or waived. You just have to ask.
I tell people to do their research before they just jump in and wind up with less than par performance or pay thousands of dollars when they could receive better service for less. They can save that money.
Check out what we offer and give me a call if you have question. If you like it Great, if not I wish you the best.
Be Blessed.
Maria
Any update??
I have spent much of my time online for 10 years rating wether or not it’s promoted advertising in disguise or plausible. This ranks as not plausible because lack of follow through as mentioned. Excuses are dishonesty wrapped in sugar. If you had followed through or post this review will let me know your intentions.
Due to my location I was not able to signup Mark, so that is why I could not follow through with my trial. Sorry about that.
Jonh I’m a agent contact me the services do work let me prove it to you call me 8134204422
I signed up with FES last year as agent and customer. My score went from a 540 to a 732 in 2 months. But over time I’ve found every customer is different. It has a lot to do with what’s on the bureau. As agent I have been making an extra 1500 to 2500 a month. Like any business you get II what u put in. The person who put me in makes twice as much as I do
Do you have an update as this was written in October by chance 🙂
Sorry Rebekah, I had a problem signing up so I didn’t get to go through with it. So if anyone has experience with this can you please share it here? Thanks in advance!
Hi John! My name is Sade’ and I just became an agent for FES. I got into it because I have seen how they help improve people’s credit. I just started last month and was slow about doing all of my documentation. I am just waiting on my dispute letters so I can send them out and see my results. I can help you get signed up if you aren’t already signed up.
Can you let me know your results first Sade?