Latest Posts
Home > Debt Relief Industry > First Choice Debt Resolution in Trouble for Unlicensed Debt Settlement

First Choice Debt Resolution in Trouble for Unlicensed Debt Settlement

The State of Connecticut is not very happy with First Choice Debt Resolution.

According to the State:

1. Respondent is a Nevada limited liability company having its principal place of business at 5340 N. Federal Highway, Suite 206, Lighthouse Point, Florida.

2. From at least October 2009 to May 2012, Respondent engaged in debt negotiation of unsecured debt on behalf of at least 30 Connecticut residents and received over $75,000 in fees for such services. Such fees are in excess of amounts that debt negotiators may charge pursuant to the Schedule of Maximum Fees established by the Commissioner on or about October 1, 2009 (“Schedule of Maximum Fees”). The Schedule of Maximum Fees permits a debt negotiator of unsecured debt to collect total aggregate fees, including the initial fee and services fees, not to exceed ten percent (10%) of the amount by which the consumer’s debt is reduced.

3. From at least November 2011 to the present, Respondent has offered to Connecticut residents debt negotiation services of unsecured debt via the Internet and has represented that it would work directly with creditors to “[r]educe your total outstanding debt; sometimes by as much as 25 – 50%” and “[n]egotiate an affordable payment plan that could help you eliminate your debt in as little as 2-4 years”.

4. At no time relevant hereto has Respondent been licensed to engage or offer to engage in debt negotiation in this state, nor does Respondent qualify for an exemption from such licensure.

The State has ordered that not later than forty-five (45) days from the date this Order to Make Restitution becomes permanent, First Choice Debt Resolution, LLC shall repay each Connecticut resident who entered into an agreement for debt negotiation services with First Choice Debt Resolution, LLC on and after October 1, 2009, any fees paid by such Connecticut resident to First Choice Debt Resolution, LLC, plus interest. Payments shall be made by cashier’s check, certified check or money order. – Source


Get Out of Debt Guy – Twitter, G+, Facebook

Need More Help?

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

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.

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.