Latest Posts
Home > Debt Relief Industry > Doug Van Arsdale and Credit Solutions Still In the Thick of It

Doug Van Arsdale and Credit Solutions Still In the Thick of It

It seems that VD isn’t the only gift that keeps on giving. Apparently, running a debt relief company without a license does as well.

Colorado Attorney General John Suthers just announced that his office has obtained a final agency order for civil penalties against Credit Solutions of America, LLC, a Dallas, Texas company, and Doug Van Arsdale, the company’s president, for unregistered and unlawful debt management practices in Colorado. Under the final order, Van Arsdale and his company are each liable for more than $5,000,000 in civil penalties, for a total of over $10,000,000.

In 2008, Credit Solutions of America, LLC registered in Colorado as a debt settlement services company. But the company failed to renew its registration in 2009, and in the meantime, the company continued to operate in Colorado, violating various provisions of the Colorado Debt Management Services Act. In addition to awarding the State over $10,000,000 in civil penalties against the company and its president, the final agency order also requires Van Arsdale and his company to pay $3,830,149 in restitution to the 2,683 Colorado consumers who contracted with the company for debt management services. – Source

The lesson, you don’t mess with Colorado.


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.
  • Hunter
    • Hunter

      I know this is the guy I’m an ex employee. Ex because I finally found out about his lack of morals and he did not pay his bills

  • Crystal

    Steve, do you have any more information about this company? Is it still in business after this latest fiasco?

  • Kelly

    Did Credit Solution of America pay the state of Colorado ? I knoew they were order to but did they follow through. If so how much did they pay?

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.


I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.