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Orion Financial Group Sued by Colorado Attorney General

Colorado Attorney General John Suthers announced today that his office has filed a counterclaim lawsuit against Orion Financial Group, a Westminster based firm, and its owner, Eric Thompson, on the grounds that they provided debt-management services to Colorado consumers without meeting the registration and reporting requirements of Colorado consumer protection laws.

According to the complaint, the state investigated Orion Financial Group and sent it letters in March 2010 and September 2011 warning it that it needed to be registered with the Office of the Attorney General and make the appropriate disclosures in order to provide debt management services. In order the continue to avoid Colorado’s registration and reporting requirements, Orion Financial Group sued the state in Adams County District Court on December 27, 2011 asking that the court exempt it from sanction on the ground that it was an agent providing back-end debt management services but not the actual debt management company.

Orion Financial Group also is suspected of not making proper disclosures to its customers on the agreements it used to lock consumers into a debt-management contract. The agreements, according to the lawsuit, did not inform consumers of their right to cancel their contract.

Orion Financial Group Sued by Colorado Attorney General
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Update

“Orion Financial Group, Inc would first like to thank the BBB for allowing a response in a fair format.

Orion Financial Group believed they were acting in accordance to State law between 8/1/09-3/10/10, as acting as an agent/joint venture to a registered provider. After reviewing applicable statutes with the Administrator, both parties are working diligently to an arrangement that balances the views of the State, the interests of consumers, and the needs of a small, ethically based Colorado company. When Orion Financial Group was initially contacted by the state they stopped enrolling Colorado clients and transferred them to a Registered Provider under the guidance of the State. Orion Financial Group has applied twice to be a Registered Provider in Colorado since being initially contacted 3/8/10, and has delivered a signed settlement offer to the State to remedy any outstanding issues. Orion Financial Group hopes to seek resolution as quickly as possible and continue to provide the excellent service thus far which is demonstrated by No BBB or A.G. Complaints against them in nearly 3 years.

Please contact Brad Daybell 303.577.2801 regarding any questions”

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About Steve Rhode

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.
  • Walkercaminante

    I am a orion customer and they did a great job. They even give me support in spanish. It is a shame that the AG is against this company when there are real scams everywhere.

  • Carol

    I used Orion to settle my debt. Had no problems…

    • MDDS

      Same…

  • Carol

    I used Orion to settle my debt. Had no problems…

  • Jermaine-h-102

    where is the initial orion lawsuit against the state?

    • http://GetOutOfDebt.org Steve Rhode

      The AGs office did not post it. You’d have to use a Colorado court service to access it or contact the Colorado office.

  • guest

    are you sure Orion Financial Group out of Westminster, CO is the same thing as Orion Processing out of Frisco, TX?

    • http://GetOutOfDebt.org Steve Rhode

      I believe they are two different groups. Fixed my name typo. Thanks for the heads up.

  • guest

    are you sure Orion Financial Group out of Westminster, CO is the same thing as Orion Processing out of Frisco, TX?

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