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Abilene, Texas Uses Tax Money to Help Debt Settlement Company Credit-Advisors.com to Grow

In what seems like the most out of touch move by any government entity, the city of Abilene, Texas is voting on “offering up to $172,500 in job creation incentives for the company, which would be affiliated with Credit-Advisors.com and create 12 jobs (not including management positions), each paying at least $30,000 per year, without benefits.” – Source

These jobs would be created for Credit-Advisors.com and would further consumers getting screwed and taken advantage of by yet more debt settlement employees. If this goes through any legal action against Credit-Advisors.com should also include action against the DCOA for using Abilene tax money to invest in a corrupt industry.

Update

The Development Corporation of Abilene board tabled a proposal to offer up to $172,500 in job creation incentives to a start-up debt services company, a type of business that has come under fire nationally from consumer advocates.

“There’s some additional information we’d like to see before deliberating,” Richard Burdine, the DCOA’s CEO, told the board during the group’s meeting Tuesday.

After the meeting, Burdine declined to say what information was lacking. – Source

Abilene, Texas Uses Tax Money to Help Debt Settlement Company Credit Advisors.com to Grow
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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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