Cambridge Credit Counseling Is In Trouble
News Updates:
Cambridge Credit Counseling
Cambridge Credit Counseling is in trouble as the Attorney General of Illinois has sued Cambridge Credit Counseling and that seems the most critical points for the lawsuit is Cambridge’s relationship with for-profits Brighton Credit and Brighton Debt. Many edges are open from the Attorney for Cambridge Credit Counseling. The same situation had been created while the NCC have been discussing in the business areas. It seems Cambridge had paid the for-profits to service the debt, rather than being paid by the for-profits to direct business their way. The fee structure can also be created by Cambridge that was charging a one-time startup fee that equaled the client’s regular monthly payment, similar to Ameridebt. By the Illinois law, limits startup fees to $50. This may turn out to be big news; Cambridge is the heavy hitter in the industry. They have almost one hundred thousand active clients they claim 160,000. If other states pile on and start suing them, who knows what could happen.
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