A reader sent in an email with a message about USA Debt Processors. They wanted to know:
- How can they say they are “FTC Compliant” at bottom of page?
- They do not appear to be licensed in Indiana.
- Global Client Solutions is identified as a bank and FDIC insured.
So I went and checked the claims made.
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It does appear that USA Debt Processors is running a graphic that says they are FTC compliant. I agree, that’s a problem. They even use the FTC logo. Rut-Ro.
The company does appear to be a licensed company in Indiana as USA Debt Processors Corporation. Their website lists them at:
USA Debt Processors
24402 W. Lockport St.
Suite 221
Plainfield, IL 60544 – Source
According to the list of licensed debt management companies provided by the State of Indiana, USA Debt Processors does not appear to be on that list. – Source. In Indiana I was told by the State, debt settlement companies do not need a license.
Their site does seem to say that Global Client Solutions is a bank. That would be in error. Insert head slap here.
A special hat tip to the reader that sent this in.
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Great information on this site but this is incorrect. That does not appear on the website now and in Indiana you must register a surety bond with the attorney general. I don’t believe they publish who has a registered surety bond with the state but if so, that would be where to check.
Debt settlement companies must be licensed as a credit services organization in the state of Indiana…
I didn’t know the FTC was handing out compliance logo’s?
LOL. Neither did they.
as Homer Simpson would say D’oh!