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

Sincerly,
Steve

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Damon Day - Pro Debt Coach

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See also  Vortex Debt Group - Consumer Complaint - 11-6-2011

13 thoughts on “BBB Canada Issues Warning About U.S. Debt Settlement Companies, Vortex Debt Group and Cambridge Life Solutions”

  1. What about the Canadian debt settlement companies who have companies in the USA setting up customers? I was going to enroll when I found out there are based in texas and not canada

    Reply
  2. I have a client who currently resides in the US, but his debt is from Canadian creditors. Unfortunately, the Canadian government does not have in place laws to protect consumers against bill collectors, as we do here in the United States, which has led to some very frustrating moments during the process of negotiation. This article leads me to wonder why the Canadian BBB warns consumers of US Debt Settlement companies, but the Canadian government doesn’t have laws in place to protect consumers from bill collectors?

    Reply
  3. I have a client who currently resides in the US, but his debt is from Canadian creditors. Unfortunately, the Canadian government does not have in place laws to protect consumers against bill collectors, as we do here in the United States, which has led to some very frustrating moments during the process of negotiation. This article leads me to wonder why the Canadian BBB warns consumers of US Debt Settlement companies, but the Canadian government doesn’t have laws in place to protect consumers from bill collectors?

    Reply

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