Debt Relief Industry Sued or Sanctioned

Orion Financial and Eric Thompson Settle With Colorado Attorney General

Written by Steve Rhode

A tipster (send in your tips here) sent me a heads up that it looks like the case I wrote about before between Orion Financial and Colorado is over.

The Colorado Attorney General’s Office announced on December 20, 2012 that Adams County District Court entered a consent decree in a case involving the now defunct, debt-settlement company, Orion Financial Group and its owner Eric Thompson. In January, the Attorney General’s Office accused Orion of provided debt-management services to Colorado consumers without meeting the required registration and regulatory requirements under the state’s consumer protection laws.

Under the consent decree, Orion and its owner Eric Thompson agreed to be permanently enjoined from providing debt-management services to Colorado residents. In addition, judgment was entered against Orion and Thompson in the amount of $70,000 for consumer restitution. If they default in making payments under the Consent Decree, they must pay an additional $479,442.

From August 2009 through March 2010, Orion provided debt management services to 165 Colorado consumers without being registered to do so. Its business practices violated various provisions of the Colorado Uniform Debt-Management Services Act (DMSA) by failing to provide required consumer disclosures, cancellation notices, and website information in addition to other violations. – Source


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READ  Orion Financial Group Sued by Colorado Attorney General



About the author

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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