BBB Canada Issues Warning About U.S. Debt Settlement Companies, Vortex Debt Group and Cambridge Life Solutions

Looks like debt settlement troubles have headed up to Canada and a couple of U.S. based companies have made a noticeable splash.

A Canadian newspaper is warning consumers to be wary of two specific U.S. based debt settlement companies. The Now is reporting:

In the last two months, numerous companies identifying themselves as debt settlement experts or credit counsellors have begun advertising in the Lower Mainland, according to a press release, prompting hundreds of inquiries to the BBB.

One of those companies, a Florida-based organization called the Vortex Debt Group Inc., has been aggressively promoting its debt negotiation services. However, the company has a D rating with the BBB, based on 35 complaints filed against it.

Another company, California-based Cambridge Life Solutions Inc., has established a mailing address in Vancouver and has already generated more than 300 inquiries from consumers in just over a month. Both companies offer debt settlement services and require the majority of their fees to be paid in advance of negotiating consumers’ personal debt with creditors. – Source

Damon Day - Pro Debt Coach

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

Follow Me
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.
Steve Rhode
Follow Me

Comments are closed.