A New Horizon, Credit Answers and Others Out of Colorado

A tipster (send in your tips here) just alerted me to the fact that the State of Colorado now lists the following debt relief organizations as cancelled or revoked effective July 1, 2012. A NEW HORIZON CREDIT COUNSELING SERVICES INC 2700 W CYPRESS CREEK RD STE 129 D FORT LAUDERDALE, FL 33309 Registered: 2008 CORNERSTONE … Read more

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 … Read more

BBB Says Notorious Doug Van Arsdale Still At It With SaveMore.com

The St. Louis BBB has issued the following statement on the reincarnation of Doug Van Arsdale from Credit Solutions of America. More than 1,000 Internet shoppers from across the nation – including dozens from Missouri and Illinois – said they never received discount coupons purchased from the Texas-based daily deal site SaveMore.com. The Better Business … Read more

SaveMore.com Sucks. Doug Van Arsdale of Credit Solutions Fame Back in the News.

An tip just came in from a reader. Seems Doug Van Arsdale the CEO of Lending.com and CEO of Credit Solutions of America is back in the news. The allegation is that Van Arsdale is the indirect owner of SaveMore.com, a Grouponesque spinoff that sells discounts and coupons, is not delivering coupons to consumers more … Read more

Doug Van Arsdale and Credit Solutions of America Settle With Maine

Just yesterday I was talking to a debt relief industry insider and saying, “Whatever happened with Credit Solutions of America, you don’t hear about them anymore.” And here they are right back in the news. Below you will find the press release published by the State of Maine. Attorney General William J. Schneider announced today … Read more

Colorado Cancels or Revokes Debt Settlement and Credit Counseling Company Licenses

The State of Colorado has apparently revoked or canceled the licenses of Vortex Debt Group, Square One Debt Settlement, New Life Debt Relief, Nationwide Support Services, CSA, Credit Solutions of America, and Credit Answers. The following credit counseling group license was canceled through withdrawl, National Foundation for Debt Management. [Update: For clarification, please be advised … Read more

Is The Creditor Treated Fairly When People Can’t Pay Their Bills? Are Consumers Stupid When It Comes to Their Debt?

The following material was sent to me to share with you by Kevin. I was a debt collector for a dozen years-and have worked in the debt settlement industry for the past 4-5 years. I come from a completely different perspective about “debt” than most people. First-I used to be a collector–having worked in the … Read more

Credit Solutions Allegedly Cancels BCBS Health Insurance for Current and Former Employees

A tipster (send in your tips here) sent in a letter purported to be from Credit Solutions that says effective December 31, 2010 the health insurance plan offered to employees, past and present, is cancelled. The letter dated December 10, 2010 says that in 21 days the health insurance insurance offered to current employees and … Read more

Credit Solutions Announces it Will Comply FTC But Tipster Provides Interesting Info

Thanks to an awesome tipster (send in your tips here) I have heard that Credit Solutions held an internal meeting yesterday and announced to staff that the company will comply with the new FTC TSR, effective yesterday. In my opinion I think CSA has a potential issue with their statement: “Amount of time necessary to … Read more

Credit Solutions and Florida. Two Sides of The Same Story

Here is a great example of two sides of the same event. First from the Florida Attorney General, and then from Credit Solutions. Which side do you think was victorious? Florida Attorney General Press Release Attorney General Obtains Injunction Against Debt Settlement Company ~ Credit Solutions’ unfair fees prohibited by temporary injunction ~ TALLAHASSEE, FL … Read more

Doug Van Arsdale of Credit Solutions of America Loses Awesome Football Season Tickets to IRS

Tipsters have been sending in information about a rumor that Credit Solutions of America CEO just had the IRS seize and sell Dallas Cowboy season tickets he was using to make a little dent in the $4.5 million owed by his other company, Lending.com, to the Internal Revenue Service. The Dallas Morning News is reporting … Read more

Attorney General Obtains Injunction Against Credit Solutions of America

Attorney General Bill McCollum today August 20, 2010 that his office has obtained a temporary injunction against Texas-based Credit Solutions of America, Inc., and Credit Solutions of America, LLC. Hillsborough County Circuit Judge Sam Pendino ruled that these companies are prohibited from charging Florida residents an unfair up-front fee for purported debt settlement services. The … Read more

Class Action Suit by Debt Settlement Employees Started at Credit Solutions of America

Recently I’ve written about class action lawsuits by debt settlement company employees against their employers for wage issues. The following companies, SO FAR, have been involved in this; ABC Debt Relief, The Debt Answer, Lloyd Ward & Associates, Debt RX USA, Silverleaf Debt Solutions. From what I have been able to find it looks like … Read more

Credit Solutions of America Leader & Owner, Matt Reivitt, Dies 11 Days After VT Names Him in Lawsuit

In a stroke of absolutely rotten fate in a two week period, Matt Reivitt was personally named in a press release sent out by the Vermont Attorney General about debt settlement service violations, and then died. I struggled with how to report this bit of news I learned the other day. Part of the story … Read more

CRL Says TASC and USOBA Harm Ordinary Families at the Hands of Debt Settlement Companies

Here is another letter sent to the FTC in support of banning advance fees for debt settlement programs. It is notable for it’s strong statements and its well documented footnotes. Comments of Michael Calhoun, President, of the Center for Responsible Lending to the Federal Trade Commission Notice of Proposed Rule-Making: Telemarketing Sales Rule Debt Relief … Read more