Latest Posts
Home > Debt Articles > Credit Counseling Industry > CBDC Rumored to Have Closed Doors Suddenly

CBDC Rumored to Have Closed Doors Suddenly

A tipster (send in your tips here) reports that effective yesterday, the nonprofit 501(c)3 credit counseling group closed their doors suddenly.

According to the tipster (send in your tips here) a notice was sent out saying:

I wanted you to hear this from me directly; I regret to inform you that CBDC will no longer be able to assist any clients for debt management.

The damage done by the Johnson Law Group and the competition they have created has been too great for CBDC to sustain a functional business that could properly assist our clients in a way they deserve.

We are closing our doors as of 3:00 pm today. I was just informed of this myself so I suggest you contact the agency that the Johnson Law Group referred you to or seek debt management assistance from a local state operated debt assistance program. Thank you for believing in CBDC and I wish you a prosperous financial future.

I am sorry for the bad news and thank you again.
Compliance Officer,


Get Out of Debt Guy – Twitter, G+, Facebook

Need More Help?

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

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.

Get My FREE Get Out of Debt Guy Newsletter

Latest Info, Best Advice, Cutting Edge Tips

I promise to keep your email safe and secure.