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Silverleaf Debt Solutions Hit With indiana Default Judgment

On February 10, 2012 Silverleaf Debt Solutions of Dallas, Texas was hit with a default judgment by the State of Indiana. Apparently Silverleaf Debt Solutions received this default judgment because they failed to respond to the Indiana inquiries.

According to the default judgment against Silverleaf Debt Solutions, LLC entered, the company, Silverleaf, failed to “appear, plead, or otherwise respond” to the complaint raised.

As a result, Silverleaf Debt Solutions is now prohibited from “operating as a “credit services organization” in Indiana without “obtaining and filing a surety bond or irrevocable letter of credit.”

Silverleaf must now pay the State of Indiana $900 for the investigation and more importantly, “Any contract entered into on or after July, 2010 between Defendant and an Indiana consumer” is now voidable at the option of the consumer. If a consumer decides to terminate their agreement with Silverleaf, “full restitution shall be paid to the consumer” by Silverleaf Debt Solutions.

Silverleaf is also facing violations of the Deceptive Consumer Sales Act in the amount of $5,000 per violation.

The company is also charged with “intentional violation of the Deceptive Consumer Sales Act” for a penalty of an additional $500.

Finally, Silverleaf Debt Solutions must repay the consumer the $800 they collected from them. – Source

Silverleaf Debt Solutions Hit With indiana Default Judgment
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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.

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