Quick Answer: US National Legal Solutions appears to be operating illegitimately, as the Connecticut Department of Banking issued a cease and desist order against the company for violating debt relief licensing laws. The state imposed a $100,000 civil penalty and ordered USNLS to repay $3,960 in fees to a Connecticut resident.
The Connecticut Department of Banking has issued an update on debt relief companies they have gone after.
Frequent readers will recognize that Connecticut is very tough when it comes to companies operating without a debt relief license in the state.
The most recent companies named are:
Every weekday I read the enforcement actions, filings and fine print the outlets skip, and turn them into the one or two moves that actually improve your position — a rate worth moving for, a fee you can refuse, a deadline to beat before it costs you.
In the latest issue (Oct 9): Does Financial Literacy Make Financial Sense?
I write Your Money Actually most weekdays — actionable money information you will not find anywhere else, and the small decisions that compound. It is free, I sell nothing, and I take no money from any company I write about.
US National Legal Solutions
US National Legal Solutions
a/k/a USNLS, Inc.
92 Corporate Park, Suite C254
Irvine, CA 92606
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1. US National Legal Solutions a/k/a USNLS, Inc., CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes, in effect prior to October 1, 2011;
2. US National Legal Solutions a/k/a USNLS, Inc., REPAY FEES in the amount of Three Thousand Nine Hundred Sixty Dollars ($3,960) to the Connecticut resident identified in Exhibit A attached hereto by cashier’s check, certified check or money order, no later than ten (10) days from the date this Order is mailed, and shall provide Carmine Costa, Director, Consumer Credit Division, Department of Banking, 260 Constitution Plaza, Hartford, Connecticut 06103-1800, or carmine.costa@ct.gov, evidence of such repayment;
3. A CIVIL PENALTY of One Hundred Thousand Dollars ($100,000) be imposed upon US National Legal Solutions a/k/a USNLS, Inc., to be remitted to the Department of Banking by cashier’s check, certified check or money order, made payable to “Treasurer, State of Connecticut”, no later than thirty (30) days from the date this Order is mailed; and
4. This Order shall become effective when mailed. – Source
CREATIVE MEDIA CONSULTING, DEBT RESOLUTION BAILOUT, PLAN B CONSULTING GROUP, CREATIVE MEDIA CONSULTING, LAW OFFICES OF HERBERT DAVIS, PERFORMANCE DEBT RESOLUTION, HERBERT DAVIS
1. Law Offices of Herbert Davis, A Professional Law Corporation d/b/a Performance Debt Resolution CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes, in effect prior to October 1, 2011;
2. A CIVIL PENALTY of One Hundred Thousand Dollars ($100,000) be imposed upon Law Offices of Herbert Davis, A Professional Law Corporation d/b/a Performance Debt Resolution, to be remitted to the Department of Banking by cashier’s check, certified check or money order, made payable to “Treasurer, State of Connecticut”, no later than thirty (30) days from the date this Order is mailed;
3. Law Offices of Herbert Davis, A Professional Law Corporation d/b/a Performance Debt Resolution shall REPAY FEES to the Connecticut residents and in the amounts identified in Exhibit A attached hereto by cashier’s check, certified check or money order, no later than ten (10) days from the date this Order is mailed, and shall provide to Carmine Costa, Director, Consumer Credit Division, Department of Banking, 260 Constitution Plaza, Hartford, Connecticut 06103-1800, or carmine.costa@ct.gov, evidence of such repayments; and
4. This Order shall become effective when mailed. – Source
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Before You Sign Anything: Run any debt relief contract through the free Contract Decoder to spot hidden fees and unfair terms. Check the company’s complaint history with the Scam-O-Meter.
Compare Your Real Options: Most debt relief companies won’t tell you about all your options — especially the ones they can’t profit from. Credit counseling has a 21-27% completion rate. Settlement resolves about 1% of enrolled debts fully. Bankruptcy has a 95% discharge rate — and protects your retirement. Take the Find Your Path quiz for a recommendation based on your actual numbers.
Steve, I can assume you know that Connecticut either can’t or won’t pursue collecting these fines. Which begs the question “why is this News”? I personally know of a company and sent it to you that had a over million judgement more than a yr ago and the owners ignored and there’s been no enforcement effort. Just sayin