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Posted: Sun Jul 22, 2007 5:36 pm Subject: Debt settlement with Credit Solutions of America |
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Does anybody have settle debt with Credit Solutions of America in Texas? I need some feedback about that company.
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JAQUINTANA2005

Joined: 22 Jul 2007
Posts: 1
Debtcc Points: 37
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Posted: Mon Jul 23, 2007 1:02 pm Subject: |
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You will find the customers' feedbacks with the Texas Attorney General and the BBB and know if there are any negative comments on the business.
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Trenity

Joined: 14 Mar 2006
Posts: 510
Debtcc Points: 6278
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Posted: Thu Nov 20, 2008 10:59 am Subject: |
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Big time RIP OFFS
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mz biz
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Debtcc Points: 100
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Posted: Thu Nov 20, 2008 11:45 am Subject: |
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They are the Anti Christ of the debt settlement industry . They have almost 1600 complaints with the BBB.. They currently have a class action law suite against them by Hagens Berman Sobol Shapiro LLP. Plus they had the state of Idaho come after them.
| Quote: | Government Actions
On January 14, 2008, the Idaho Department of Finance agreed to settle a court case against Credit Solutions of America, Inc. In 2007, after reviewing the company's activities, the Director of the Idaho Department of Finance alleged that Credit Solutions violated the Idaho Collection Agency Act by providing credit counseling services without a state issued license
BBB Definition:
license - A permit or accreditation required by the State, Province, County or Municipality where a company is located indicating competence or professional certification that allows the company to provide products or services related to their particular field or industry.
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Credit Solutions of America entered into 484 agreements to contact and negotiate with creditors to reduce debts for its clients. The company requested a limited power of attorney. The company then contacted creditors on behalf of the debtors and "instructed the creditors to cease and desist all communication with the debtors." According to the Department of Finance the respondent "was paid $591,561.95" for the abovementioned services.
The Consent Order states that, "The Idaho Code section 26-2223 requires that any person or entity acting as a collection agency or credit counselor, or engaging or offering to engage in the business of credit repair, in Idaho, must first obtain a permit to do so from the Department of Finance."Idaho defines "credit counselor" as any person" engaged or offering to engage in the business of proving counseling or other services to debtors in the management of their debts, and contracting with the debtor to effect the adjustment, compromise, or discharge of any account, note or other indebtedness of the debtor."
Credit Solutions of America has agreed to refund all of its Idaho customers. The total refunded amount was $588,000. |
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mobile0311


Joined: 05 May 2008
Posts: 1350
Debtcc Points: 7169
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Posted: Thu Nov 20, 2008 5:32 pm Subject: |
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Anyone should RUN AWAY>>>> FAST>>. I believe the owner has publicly came out and said before that he doesn't care if anyone drops out after 3 months because they collected what they expected to make with the upfront fees..... RUN RUN RUN>.
This should stay atop the forums so people see it sooner rather than later.
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GuEsT 2
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Debtcc Points: 100
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