Debt Relief Industry Sued or Sanctioned

Prestige Financial Solutions and Amy Thompson Sued by Colorado Attorney General

In what may simply be an ironic twist, Eric Thompson of Orion Processing from Westminster, Colorado was just countersued by the Colorado Attorney General on the same day Amy Thompson of Westminster based Prestige Financial Solutions was sued by the Colorado Attorney General. If they are related, it’s a bad day in the Thompson house.

Both Orion Processing and Prestige Financial Solutions are listed as having their principal place of business at 5005 West 81 Place, Westminster, Colorado 80030. Orion says it is located in suite 100 (source) while Prestige is said to be located in suite 401 (source).

Colorado Attorney General John Suthers announced today that his office has filed an administrative action against Prestige Financial Solutions, a Westminster-based business, and its principal, Amy Thompson of Westminster, alleging that it engaged in fraudulent debt management practices.

According to the lawsuit, filed in the Office of Administrative Courts in Denver, even though Prestige Financial Solutions was a registered company it did not comply with a series of disclosure requirements included in the Colorado Uniform Debt Management Services Act, including informing consumers of their right to cancel their contracts without penalty. The company also is accused of failing to refund the fees consumers paid upon cancelation. – Source


Update 2-2-2012

It seems there is a public statement on this matter from Orion Financial Group via the BBB.

Orion Financial Group, Inc would first like to thank the BBB for allowing a response in a fair format.

Orion Financial Group believed they were acting in accordance to State law between 8/1/09-3/10/10, as acting as an agent/joint venture to a registered provider. After reviewing applicable statutes with the Administrator, both parties are working diligently to an arrangement that balances the views of the State, the interests of consumers, and the needs of a small, ethically based Colorado company. When Orion Financial Group was initially contacted by the state they stopped enrolling Colorado clients and transferred them to a Registered Provider under the guidance of the State. Orion Financial Group has applied twice to be a Registered Provider in Colorado since being initially contacted 3/8/10, and has delivered a signed settlement offer to the State to remedy any outstanding issues. Orion Financial Group hopes to seek resolution as quickly as possible and continue to provide the excellent service thus far which is demonstrated by No BBB or A.G. Complaints against them in nearly 3 years.

Please contact Brad Daybell 303.577.2801 regarding any questions

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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.

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