Canada Debt Relief Industry Sued or Sanctioned

New Life Consultants / New Life Financial Solutions Gets a CT Time Out

Written by Steve Rhode

The Connecticut Department of Banking has issued a cease and desist and civil penalty against New Life Consultants / New Life Financial Solutions for running afoul of the Debt Adjusters and Debt Negotiation statutes.

After giving the New Life folks a chance to respond, the State gave up and has now issued a $100,000 fine against the troubled company. – Source

But I seriously doubt Connecticut is going to ever see a penny since the FTC already nailed New Life. The New Life business model has been a concern of mine since April, 2011. You can see all the New Life stories here.


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READ  New Life Consultants and Their Referral Arrangement Nabbed by CT

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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