Is Financial Education Services A Scam?

is financial education services a scam

So, is Financial Education Services a scam or not?


Here’s ALL you need to know about Financial Education Services (FES) before deciding whether or not to get involved with their service.

I’ve seen nothing but positive reviews online for FES, which is great.

However, my introduction to FES was not so great after being introduced to it by someone who is known for promoting “get rich quick” products and making unrealistic promises to people.

The majority of this review just so happens to warn people of this type of “fast-talk” so that they themselves don’t get tricked into buying something with the hopes they will soon become rich.

As with any business, hard work and effort provide the best results.

For those looking for more information on potentially fixing your credit score, give Lexington Law a try. Free Credit Consultation – Includes Credit Report Summary & Score

Disclaimer: The review below contains some of my opinion and personal experiences after being introduced to Financial Education Services by a particular FES ‘agent’. You the consumer are free to purchase and pursuit any products that you choose.

Product Name: Financial Education Services

Product Owner(s): Parimal Nalik, Mike Toloff

Price: $87/mo – Protection Plan Membership


5/ 0
Overall Rating: Financial Education Services

What Is Financial Education Services?

Financial Education Services is a multilevel program involving products that claim to help it’s members improve credit score and assist with financial stability.

One hype around this product (aside from the amount of money you can make – see below) is that they will boost your credit score within months.

One thing I noticed about FES, is that their credit repair service doesn’t provide credit score reports or updates.

You have to do it yourself.


After an installment fee of $286, really a licensing fee that allows you to sell their service to others, here’s your monthly bill:

is financial education services a scam

$87/mo + $2 mandatory Donation to the YFL

YFL or Youth Financial Literacy Foundation is a non-profit corporation which involves the two owners of FES, Parimal and Mike.

For me I’m not seeing the value here, especially to access products like LifeLock, which you can get for as low as $9.99 a month from the LifeLock website.

The bottom line is that their monthly fees and setup fees are high – there are other services around that provide more for less.

I guess one reason so many people are attracted to Financial Education Services, is based on the belief that they can become rich.

If Interested In Credit Restoration, Give Lexington Law A Try.

Make Money Using Financial Education Services

I’m sure this is the portion most of you are here for, be sure to tune in…

When you join FES and choose their Protection Plan Membership, this basically gives you a licensing right to promote and sell their service for a commission.

Which again, is fine.

How I Came Across FES

This is who and what brought me to this program in the first place:

is financial education services a scam

This is Mack Zidan aka Mack Millions aka Mack Mills, or whatever he wants to call himself.

As mentioned, his advertising is what lead me to Financial Education Services.

Without question, he is good at what he does and makes a killing online… I do question however if you will learn to do the same following his advice.

The problem is people are under the impression that they can live the same lifestyle by buying into his get-rich-quick scheme.

The video (like the one I came across above) doesn’t help.

Also, I know for a fact that he didn’t reach this status overnight or by getting started with a product like Financial Education Services.

He’s been at this for a very long time building up a huge following and understanding for the business. He struggled when starting out and has been at this since High School, he tells you this himself in the “FES” video:

is financial education services a scam

If you ask me, he has the unfair advantage when it comes to selling this system with an already established audience in place.

UPDATE: I’ve come across very similar videos from Mack numerous times since posting this. Most of the time he’s promoting a new product while bragging how awesome life is and could be for you to by simply buying what he ‘feels’ like selling that week.

This is part of his game.

The Testimonies

On the promotional video that led me to Financial Education Services website, Mack created a video vaguely explaining how you can make money from home using this product.

A lot of money in fact:

is financial education services a scam

The truth is, this system is NOT a great way for a beginner to go about making money online.

Seeing testimonies and earnings from other people is a great way of convincing people otherwise, but I am not so easily fooled:

is financial education services a scam
is financial education services a scam

The first image is a “testimony” from Samuel Fredrick Jr, apparently he’s an associate of Mack’s.

Notice the second image from his Facebook page?

The point is not only should this “earnings proof” be discredited…

It’s that the only ones who usually succeed with multilevel programs (MLM) like FES are the ones already established in this business or already part of an inner circle (team, or has a ‘downline’).

They make their way to the top by selling false dreams to people who really can’t afford such programs, selling them the idea that they too will become rich.

Here’s another “testimony” from the promo video:

is financial education services a scam
is financial education services a scam

Same thing – one of Mack’s associates and part of the inner circle, this is not a valid testimony.

I share this to point out why I believe you may actually hurt your income by joining the career opportunity at Financial Education Services, and not benefiting from it as advertised.

Your typical person will NOT join this program and be able to build a solid, long-term business from this.

Same is true for a lot of MLM products out there which is why I avoid them altogether.

There are better ways to building a business and making money online.

Here’s the kind of results you can expect as a Financial Education Services agent directly from the FES earnings disclosure:

is financial education services a scamEarnings Disclosure:

Only about 7% of the agents from Financial Education Services are making what most would consider a full-time income.

Don’t be fooled by seasoned marketers like Mack Zidan, they do not have your best interest in mind.

After getting as much money out of FES as possible, he will simply move on to promote the next product.

It happens all the time:

is financial education services a scam

is financial education services a scam

Mack promoting Empower Network, Paid With Cash (leads you to FES), and Money Formula.

There’s nothing wrong with promoting several services, but again, if you’re under the belief that you are going to actually learn how to start a business promoting Financial Education Services or get the help you need from individuals like Mack, think again.

You’re going to be abandoned when the next “greatest opportunity” comes along and left with less money than you started with.

Unless you really expect this guy to help you:

is financial education services a scam

is financial education services a scam

Even worse is having a reputation so bad, that you cannot go by your real name Mack Zidan, (Google it). So you’re forced with an alias.

If serious about learning how to make money online, stay far away from “coaches” like this.

Give yourself a real shot at starting an online business, with real help every step of the way…

Check Out My #1 Recommendation

FES Credit Repair Reviews

Since the original publication of this review, I’ve gotten many comments in the ‘comments section’ just below. These comments range from longtime FES agents to those who feel they were almost “tricked” into joining this program.

Have a look for yourself if you are still feeling unsure. Don’t be afraid to join in on the conversation.

Is Financial Education Services A Scam?

Though I had a very bad introduction to Financial Education Services, they do offer a legitimate service.

This is not a scam. However, Better Business Bureau has rated them C+ as well as revoked their accreditation. You can see the real complaints made by people and the resolution and answers from financial education services FES and decide for yourself if financial education services is scam or legit.

FES operates out of Farmington Hills, MI and has been around since it’s inception in 2004.

The services being offered:

  • Credit repair
  • Multilevel marketing business

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.

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.

Financial Education Services products:

is financial education services a scam

is financial education services a scam

is financial education services a scam

Financial Education Services is a product of MLM.

With MLM you:

  • Pay to promote products
  • Recruit others
  • Sell from just one company
  • The top earners are the ones with a large downline, not the guys hustling the most

There are other business models out there. One beginner friendly one I recommend, affiliate marketing.

With affiliate marketing:is financial education services a scam

  • Promote the products you want – for free
  • Share your honest opinion about products/ help people by writing informational articles
  • No recruiting or bothering friends/family
  • I can choose any topic, interest, or passion I want and profit


Affiliate marketing, in my opinion, is a great way to learn how to make money online…

Not to mention you can get started for free with your own websites, training, live help, and support.

And with the right training, you can get started regardless of experience.

It does require some commitment, but if you’re serious about succeeding online it’s completely worth it.

To learn more, see how I make money online below:




About the author


    My goal for this website is to help those who are looking to make money online from the comfort of their home and to offer people an alternative to the FIXED 9-to-5 life. Whether you are looking to make full time income online or just looking to make some extra cash. I've got you covered.

  • JasonWilliam says:

    This article is great. I love the fact that your main motivation for your website is to help other people make money online and not trying to sell a get rich quick scheme. I appreciate the time you took to write this article exposing the FES for the scam artists they are. Too many people are looking to get rich quick, but that doesn’t usually happen and they leave themselves vulnerable to be tricked by a scam. Thanks again for your true desire to help other people. I am definitely subscribing and bookmarking your page.

    • JasonJason says:

      Hey William,

      I was pretty much convinced that Financial Education Services was a legit service based on all of the other reviews out there. I was excited to share another method with readers in which they can potentially learn how to earn using this system.

      Unfortunately, this was not the case.

      Experienced marketers (like mentioned above) notice these “opportunities” and while it may be an easy sell for them, your average person will lose out on a lot of money.

      Last month it was a damn water cooler system (no joke) this month it’s credit relief. (This is only true for some agents where money becomes the goal and not the actual service or product or people)

  • JasonNeil says:

    Thanks for your breakdown of Financial Education Services which I found very insightful, especially as I’m looking for a legitimate way for making money online.

    I really do hate scamsters with a passion because they tell you how easy it is to make so much money online. The truth is, it leaves you broke and fills their pockets when you join their opportunities. I discovered this for myself when I joined Empower Network a few years back.

    Mack Zidan sounds like such a moron and I would never allow myself to be a part of his “scam” team!

    I will never touch FES because it’s unethical!


    • JasonJason says:

      I’m glad I could be of some help, Neil.

      Also I’m sorry for the fact that you were a part of Empower Network. Unfortunately I run into Empower Network and sites like Financial Education Services too often.

      Don’t get me wrong though, there are a few good ones out there that do a nice job of helping others earn money.

  • JasonSamuel says:

    thanks for the great article! This looks like another Common Type of Pyramid Scheme that many conventional internet marketers use. “Inner circle” “Rankings” “Fake testimonials” and over price products lol. That’s why before making a purchase online, do your thorough research first! Google is always your best friend 🙂

    Take care


    • JasonJason says:

      True that!

      Always do your research and a simple search in Google can reveal a lot and help you when it comes to deciding whether or not a product is safe.

  • JasonChris says:

    I’ve come across numerous complaints about this bunch online and they all seem to center around the same problems – I’m surprised that these have been going for as long as they have!
    Apparenetly FES doesn’t have any licensed attorneys on the payroll. Instead, they have credit-trained employees which aren’t as helpful if you run into legal issues. What do you think about this?

    • JasonJason says:

      Hey Chris, I pointed this out in the article above.

      It is alarming and something one should consider before getting involved with Financial Education Services.

      • JasonBre says:

        Actually FES is partnered with another company who offers the products who also has attorneys on payroll that can be reached 24/7. From my understanding all the agents do is make customers knowledgeable of the services and they either enroll or dont. There is alot of misinformation in this article honestly. You should do your own research.

  • JasonShanitaB says:

    I saw an inaccuracy in your article. The service is not $288/month, as you stated. It is $87/month. That $199 is a one time fee. All businesses that are legal and paying money should be respected, unless they have shady practices. I don’t see anything shady about this business. Your real issue seems to be more with some of the people who are agents of the company. I don’t think you should be so harsh on this company, because you don’t like the way a few people carry themselves. I saw a lot of reaching on your part. You were drawing conclusions that had nothing to do with the pictures or what was posted.

    • JasonJason says:

      A lot of reaching?

      You were quick to point out the errors made on the pricing that I provided (now fixed, thank you). If I truly did a lot of “reaching” or false info within the review, I am sure you would of had zero problems pointing those out as well…

      Maybe FES should create or enforce some guidelines for their ‘agents’ who promote their system, and not allow ‘agents’ to target people and sell them the idea that they can become rich with little to no effort.

  • JasonLEN CONNELL says:

    I had a nightmare with them that cost me financially and personally. I introduced them to a friend of my girlfriend who ran 10 H&R Block Offices in Las Vegas, Nevada. We set up a booth as a special invitee to one of their ….H&R Block Tent Events., which was an honor to be selected to participate in.

    I had another business commitment that prevented me from physically showing up the day before to set up the tables, stack brochures, etc. , so I relied on my team up line to help me do this. You would think that if someone invited me to participate on his or her deal with a client the size of H&R Block to get leads and clients to help build their business, they would be happy to do so…Not the neophytes at FES.

    First, they got people from other downlines who were simply going to take my cases and write them for themsevles, cutting me out of the deal I provided for them. The procedure they teach at their classes is to have the higher members of the team write the cases under the lower agent, myself, so everyone could benefit. Problem is that the managers oftentimes violate company procedure by taking the cases for themselves at a higher up front payment..or give cases to other members who are struggling…to get them above water to release a management bonus.

    It pays at FES, sadly to have managers steal from their agents…..The dilema the manager faces is that if they write the case themselves…they get a big up front cash payment…If they write it through someone working for them…they forego the big up front cash payment for a larger percentage payment in the future from their entire organization…Many struggling managers early in their career…need money now vs later…even if it is in their long term best interest…The second problem faces all sales forces…they manage to their weakest players…If they have a representative who is struggling somewhere else in another downline…FES peeps have 3..separate downlines…they will feed their weaker players with cases…and steal from their higher producers…because if the weaker player or leg falls below a certain level…they lose all the gains they would have been paid on from their stronger legs and players….This is a common manager vs producer rip off…that is all to prevalent at FES….

    Wait…it gets worse…One upper manager simply decided to steal a dozen customers for herself and cut me out of the deal, since she could get extra cash to buy presents for her kids who graduated from HS and College….she was a single mom..after all. Then, to make things even worse….she was complaining that she had to do all the work…because I was going to stripper bars with the other male members of the team…which BTW wasn’t true. What she didn’t know was that my GF…had her own business booth a few tables down and was listening to all these lies. She really was convinced that I was out cheating on her with strippers…and decided to text me in the middle of the night and break up with me. I hadn’t been seeing her as much for a good reason… I was really working hard extra hours to make some $$$$ to surprise her with a trip to New England we were going to take together a month later. We still remained friends to this day though…and the manager of H and R Block is still friends too…They are willing to testify on my behalf to FES if I wished to make a formal complaint.

    But wait….it gets even worse with FES…..One of my field managers was a hairdresser in real life who at age 70 plus fancied himself a ladies man. He was flirting with the receptionists working for H & R Block at the event…and he really started to bother them…..One young lady walked by and he…physically grabbed her…pushed her down on his lap and began to grind on her !!! This totally freaked her out to the point where she had to take a 3 day leave of absence with no pay….afraid to come back to the office until he was gone…

    Obviously the door got closed at H&R Block…we decided not to make a formal issue out of it…since my friend didn’t want problems with her management career there….

    Since then, i have had nothing to do with their field force…and decided to put the matter behind me….they are just low life and I will leave it at that. I still keep my membership that has worked for me in credit restoration….I also sell their products ..a la carte…like their trusts…to my clients in my financial planning practice who may need them…The ironic thing is that the credit restoration worked very well for me, it made one big one from a disgruntled ex employer go away…which they should be congratulated….

    FES finds itself in a long list of consumer sales companies ..who ruined good products…with pathetic sales people and cheesy sales presentations….Their worst enemies are themselves, which I can say for most sales organizations I have worked with in my 4 decade professional career….

    • JasonJason says:

      We truly appreciate you taking the time to share your experiences as an FES customer, Len.

      Sorry it didn’t turn out to be a favorable experience.

      I did not purchase FES for the reason shown in the article above so I didn’t know how reliable the products were or were not.

      However I did have my suspicions about the OPPORTUNITY that they are trying to sell to me and others interested in earning honest money, you’ve now confirmed them.

      Keep moving forward and good luck!

  • JasonAdrian Prince says:

    That’s a very well written article exposing a scam for what it is and offering a great alternative such as Wealthy Affiliate.

  • JasonIlice Jackson says:

    Hey Jason I read your article and I would have to disagree with your “opinion” on FES and their services.
    Believe it or not my husband and I had no experience, knew nothing about credit, had no “inner circle” when we first began in the business. I can honestly say it literally changed our lives. We invested into an opportunity that has now allowed us the time freedom, we desired without any issues from the company.
    I believe that you have the wrong opinion about the company and all it has to offer people.
    I won’t try to take your opinion away from you but I will say never judge a book buy its cover.

    • JasonJason says:

      Hi Ilice, I am glad that FES has lead to a life-changing experience for you and your husband and that you were able to make money using their system, apparently.

      It’s also good news that you haven’t had any issues from the company as others have expressed different concerns within the comments.

      My opinion may differ from yours but my mind is made up when it comes to Financial Education Services based on all the material shared above. Plus, the earnings disclosure provided by the FES website, says a lot when it comes to their business “opportunity”.

      Thanks for stopping by and I wish you continued success,