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.
July 5th, 2010 at 6:47 pm
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July 8th, 2010 at 5:00 am
Credit card debt settlement appears to be known as a true strategy for individuals suffering with debt. For serveral years I have been tracking the market pretty closely and it is quite difficult to understand what you are getting for the money. I am aware that there are quite a few service providers in the market that offer great solutions and the clients really get great benefit, but I am also aware there are tons of debt settlement companies on the web that are only focused on collecting new customer fees and enrolling new subscribers. I am sure this is why there obviosly is all this new federal regulation in the industry. My uncle utilized a debt negotiation operation and is actually very happy satisfied with the solution that was provided.
July 13th, 2010 at 4:06 am
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