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

Debt Settlement Companies Being Investigated by State of Kansas

Kansas is cracking down on the sales and service of debt settlement services. While tight lipped about who they are specifically investigating, Kevin Glendening, the Deputy Banking Director, has confirmed his office is investigating debt settlement companies. Glendening says, “Companies that I think consumers should avoid are a lot of the ones that you see … Read more

Eleven Companies Settle With The State Under New Debt-Management And Credit Counseling Regulations

Colorado Attorney General John Suthers announced 3-12-2009 that enforcement actions taken under debt management laws that came into effect last year have resulted in settlements from 11 companies. “In this current economy, consumers need to be particularly careful about offers to eliminate debts and erase negative information from credit records,” Attorney General John Suthers said. … Read more