Skip to main content

As we told you about in this recent post, Online Trading Academy (OTA) is sending letters and email notices to people who are eligible for debt forgiveness. These notices are real, so don’t delete or throw them away, and check your spam or junk folders in case the email notice was directed there. They have important instructions on how to ask for your debt forgiveness from OTA.

If you haven’t seen a letter or email notice, and want to see if you qualify to have your outstanding OTA debt forgiven and removed from your credit report, visit ftc.gov/OTA. But you should act quickly. You have until Friday, November 13, 2020, to ask OTA for debt forgiveness. To let them know, or if you have questions, call OTA at 1-877-755-1650 or email OTA at myeducation@tradingacademy.com. You can also email the FTC at OTASettlement@ftc.gov.

For more information on the FTC’s settlement, visit www.ftc.gov/OTA. And remember, if you’ve been scammed by an investment program or seminar, report it to the FTC at ftc.gov/complaint.

Search Terms
debt
invest
Topics
Shopping and Donating

It is your choice whether to submit a comment. If you do, you must create a user name, or we will not post your comment. The Federal Trade Commission Act authorizes this information collection for purposes of managing online comments. Comments and user names are part of the Federal Trade Commission’s (FTC) public records system, and user names also are part of the FTC’s computer user records system. We may routinely use these records as described in the FTC’s Privacy Act system notices. For more information on how the FTC handles information that we collect, please read our privacy policy.

The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Your thoughts, ideas, and concerns are welcome, and we encourage comments. But keep in mind, this is a moderated blog. We review all comments before they are posted, and we won’t post comments that don’t comply with our commenting policy. We expect commenters to treat each other and the blog writers with respect.

  • We won’t post off-topic comments, repeated identical comments, or comments that include sales pitches or promotions.
  • We won’t post comments that include vulgar messages, personal attacks by name, or offensive terms that target specific people or groups.
  • We won’t post threats, defamatory statements, or suggestions or encouragement of illegal activity.
  • We won’t post comments that include personal information, like Social Security numbers, account numbers, home addresses, and email addresses. To file a detailed report about a scam, go to ReportFraud.ftc.gov.

We don't edit comments to remove objectionable content, so please ensure that your comment contains none of the above. The comments posted on this blog become part of the public domain. To protect your privacy and the privacy of other people, please do not include personal information. Opinions in comments that appear in this blog belong to the individuals who expressed them. They do not belong to or represent views of the Federal Trade Commission.

tjxprss
October 27, 2020
On the OTA for debt assistance, if possible can you extend the time, just received today.
katabel63
October 28, 2020
I am not finding any page to see if i got a letter will not take me where it shows if i Qualify
FTC Staff
October 28, 2020

In reply to by katabel63

If you haven’t seen a letter or email notice, and want to see if you qualify to have your outstanding OTA debt forgiven and removed from your credit report, visit ftc.gov/OTA. 

Mike Mike
February 08, 2021
I paid in cash up front. How can I get some of my money back?
2019G
August 19, 2021
I wrote FTC in September 2020 and they referred me to OTA, but OTA claims that I did not qualify. Yet all the people that signed up for the training with me either received a refund or debt forgiveness. Wahoo!!!
Return to top