Debt Relief Industry

Colorado Cancels or Revokes Debt Settlement and Credit Counseling Company Licenses

The State of Colorado has apparently revoked or canceled the licenses of Vortex Debt Group, Square One Debt Settlement, New Life Debt Relief, Nationwide Support Services, CSA, Credit Solutions of America, and Credit Answers.

The following credit counseling group license was canceled through withdrawl, National Foundation for Debt Management. [Update: For clarification, please be advised that NFDM voluntarily surrendered its license in Colorado (and many other states) pursuant to a merger.] – Source

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About the author

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.

5 Comments

  • I recal all of the debt settlement companies listed above being pretty heavily supported by affiliates and such.
    Some of the above names are “no-mo” in any state if I am not mistaken.
    Hows those high affiliate commissions treatin y’all still haning on?

  • National Foundation for Debt Management loses its license, smells like more great work from Judy Sorensen. Let’s see what she will do at the “Compliance Alliance”.

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