nationwide asset services
SwiftRock Financial Services and Clear Your Debt Slammed in Texas Article
Out of Austin, Texas today comes the following warning to consumers.
Two Austin debt-settlement firms have been sued by the Illinois attorney general, which alleges that they use deceptive marketing practices, charge excessive fees and do little to help consumers get out of their financial trouble.
The Better Business Bureau of Central Texas has given Clear Your [...]
Credit Solutions of America and American Debt Arbitration, Debt Settlement Companies, Are Sued by State of Florida
Florida Attorney General Bill McCollum today announced his office has filed two lawsuits on behalf of Florida consumers against five debt settlement-related companies. According to the Attorney General’s lawsuits, the businesses promised consumers they could pay off their debts for a fraction of the amount owed, but instead collected large up-front fees and left customers [...]
New York Attorney General Wins $200,000 Penalty Against Debt Settlement Company
Attorney General Andrew M. Cuomo today announced that his office has won a lawsuit against a national debt settlement company, barring the company from doing business in New York state unless it posts a $500,000 performance bond to protect consumers. The decision also levies nearly $200,000 in penalties against the company for defrauding thousands of [...]
Debt Settlement Company Success Rate Made Public – Sucks
Nationwide Asset Services, a company under investigation by the New York Attorney General, has disclosed that while Nationwide Asset Services promised consumers debt reductions of between 25 to 45 percent, in fact only 64 customers out of 1,981 actually completed the debt settlement plan.
This means that 97% of people that enrolled in the debt settlement [...]
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New York Attorney General Sues Two Debt Settlement Firms for Deceiving and Harming Consumers
Attorney General Andrew M. Cuomo today announced a new development in his nationwide investigation into the debt settlement industry, filing suit against two debt settlement companies for fraudulent business practices and false advertising. Cuomo filed suit against CSA-Credit Solutions of America, Inc. (“CSA”), based in Richardson, Texas, which is one of the largest debt settlement [...]
