The petition
Support Texas Attorney General Greg Abbott in his suit against Credit Solutions. Also known as CSA, or Credit Solutions of America.
For years CSA has been defrauding and lying to it's customers. Causing millions in damages to it's nationwide client base.
Greg Abbott is seeking an injunction that will prevent CSA from doing business in it's current form.
From the Texas Attorney General:
AUSTIN – Texas Attorney General Greg Abbott today charged Credit Solutions of America, Inc. (CSA) with conducting an unlawful scheme that defrauded Texans with financial problems. According to the state’s enforcement action, CSA purported to offer a debt settlement service that would eliminate its customers’ unsecured debts – such as credit card accounts – in as little as three years.
Despite CSA’s promises, a state investigation revealed that the defendant failed to negotiate settlements with creditors for most accounts entered into its program. Further, when CSA did negotiate settlements with creditors, its clients did not always receive the 60 percent reduction they were promised. The state’s enforcement action seeks an injunction against CSA that will prevent the defendant from continuing to unlawfully promise services which it does not deliver.
According to the state’s enforcement action, CSA not only charged its customers for services that were not delivered, but because its debt settlement program requires customers to stop making payments to their creditors, many CSA customers could face unforeseen late fees, additional interest, increased collections attempts, and even lawsuits by their creditors.
The Office of the Attorney General has received 140 complaints against CSA in the past two years. Additionally, the Better Business Bureau, which gave CSA a “failing” rating, received over 1,600 complaints against the company in the past 36 months.
Debtors should carefully research a debt reduction firm before entering into a contract or signing any documents. Options available to struggling debtors include credit counseling, debt management, debt settlement or bankruptcy.
Texans who need additional information, believe they have been harmed by a debt-settlement company’s unlawful conduct or wish to file a complaint may contact the OAG at (800) 252-8011 or do so online at www.texasattorneygeneral.gov.
For the full complaint filed in Travis County Texas go here: http://www.oag.state.tx.us/new...
If you currently reside in Texas and are a current or former client of Credit Solutions I urge you to contact the Attorney General of Texas to help this cause move forward. If you are not a Texan please contact your states Attorney General and let them know about your situation.
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