N.C. AG Announces Court Order Against Debt Settlement Firm

April 26, 2013
Legal Newsline  

North Carolina Attorney General Roy Cooper has secured a court order against Advantage Debt Solutions Inc., a Charlotte-based company that he says was part of an illicit debt relief scheme. The firm allegedly charges consumers upfront fees equal to 15 percent of their total debt but rarely provides any debt relief or refunds customers who cancel the programs and attempt to recoup their money. Consumers in North Carolina, which bars upfront fees for debt settlement services, forked out more than $140,000 to Advantage Debt Solutions, while out-of-state customers paid an estimated $1 million to the company. "Outfits that promise debt relief for an upfront fee most often end up driving consumers even deeper into debt," according to Cooper. "Thanks to North Carolina's strong laws, we're able to take action to stop these harmful schemes." A judge's order upholds Cooper's request to temporarily prevent Advantage Debt Solutions and its owner, Anthony Krysinski, from offering debt negotiation or adjustment services in the state. The AG hopes to permanently end these activities and win refunds for affected consumers as part of a lawsuit against the company and its owner.
Web Link

Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.