According to the Office of the Attorney General of Indiana, they are going after a number of debt relief companies and have filed recent suits.
The Attorney General’s Office filed lawsuits against:
- Consumer Credit Group of Florida and Proactive Planning Solutions of Arizona for violating Indiana’s Do Not Call Law and Auto-Dialer Act known as the robo-call law. Both companies violated the Credit Service Organization Act and Deceptive Consumer Sales Act by not obtaining $25,000 surety bonds with the state and collecting money upfront without performing any services.
- Debt Zero of California for collecting money up front, failing to provide services or a refund and operating without a $25,000 surety bond.
- Clear One Advantage of Maryland and Credit Arbitrators of Texas for violating the Credit Service Organization Act and the Deceptive Consumer Sales Act by not obtaining the required surety bonds.
Since January of 2011, the Attorney General’s Office has received more than 130 complaints from consumers who have been victimized by credit services agencies or debt settlement companies.
Attorney General Zoeller also said the five lawsuits are part of a broader effort to crackdown on credit service companies advertising in Indiana.
He said the office is investigating 60 out-of-state companies to determine if they are complying with state law in their dealings with consumers.
In addition, the office has entered into settlements with American Debt Services, Capital Debt Relief, Credit Answers, Financial Management, MSI Credit Solutions and Silverleaf Debt Solutions. – Source
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2 thoughts on “Indiana Going After or Looking at a Number of Debt Relief Companies”
Ask their A.G. if it is complaint driven or extortion driven as Laura Udis (Colorado Deputy Attorney General) appears to do it.
It is an interesting debate.
Which is more unlawful. The State of Indiana sending CID’s to 70 companies which may have not been triggered by a complaint. Then suing them, knowing most companies can’t afford to defend a state extortion effort or internal mandate.
If it is not extortion or a mandate, and these companies have registered complaints. Then attack them. Most laws that protect small companies from being bulldozed, extorted from, or being on the wrong side of a back door mandate can’t legally afford to argue the laws that protect themselves against predatory behaviors of States.
This cries the need for universal law from the CFPB and states can sill extort with their help.
Moronic. If you do things the right way you can ALWAYS defend yourself. If you dont have good regulatory counsel in this business, again, moronic.