Filed: February 20, 2025
Court: United States District Court for the District of New Jersey
Plaintiff: Sigma Solutions, Inc.
Defendants: CreditEd, Inc.; Smart Choice for You, Inc.; and John and Jane Does 1-50
Allegations at a Glance
Sigma Solutions, Inc., a Delaware-based company specializing in payday loans, has filed a lawsuit against CreditEd, Inc. and Smart Choice for You, Inc., alleging business disputes and contractual violations. Sigma Solutions claims that the defendants engaged in practices that harmed its financial interests, though the specific nature of the claims is still unfolding.
According to the complaint:
- Sigma Solutions operates an online payday loan service, where approved applicants receive short-term cash loans directly deposited into their bank accounts.
- CreditEd, Inc., a New Jersey-based subscription service, offers credit and debt counseling to consumers.
- Smart Choice for You, Inc. is also named in the lawsuit, but its role in the dispute remains unclear from the initial complaint.
Sigma Solutions alleges that the defendants engaged in business conduct that resulted in financial harm, though the specific legal claims will be further clarified as the case progresses.
Legal Claims
The lawsuit cites:
✅ Breach of contract – Alleging that the defendants failed to uphold their end of a business agreement.
✅ Unfair business practices – Claiming deceptive or harmful conduct that led to Sigma Solutions suffering financial losses.
Relief Sought
💰 Damages exceeding $75,000, as required for federal jurisdiction.
💰 Additional compensation for losses caused by the defendants’ actions.
The Bottom Line
This lawsuit underscores the complexity of financial service agreements and potential disputes between companies in the payday loan and credit counseling industries. As the case develops, more details on the alleged misconduct will likely emerge.
📌 Important Note: Lawsuits are legal allegations and may be dismissed, settled, or withdrawn. This summary reflects the claims made in the complaint and does not include a response from the defendants.
For those considering payday loans or credit counseling services, this case serves as a reminder to carefully vet companies before entering into agreements.
