Debt Relief USA refunding $500K to Georgians « Beating Debt News Archives

Debt Relief USA refunding $500K to Georgians March 19, 2009

Posted by BDO in Debt is Slavery, News.
Tags: beating, consumer, counseling, Debt, economy, finance, making, money, relief
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By PÉRALTE C. PAUL

A Texas debt adjustment company has agreed to refund $527,205.55 in fees to 330 Georgians to settle charges it violated state law.

Debt Relief USA Inc. also will reimburse the Governor’s Office of Consumer Affairs $40,000 for expenses and will cease operations in the state until its practices comply with the Georgia Debt Adjustment Act.

In a previous article called Debt Relief and Credit Counseling, we discover the three main ways “debt relief” companies MAKE MONEY off people’s misery and debt. This news article is an example of a company that is making a lot of money off Georgians. How much more are they making off the rest of the country?

Like we said in that post, there is a lot of money to be made in debt!

Please remember, most of the products and services that “debt relief” companies offer can be done yourself. YES YOU CAN!

To those seeking debt solutions, please shop responsibly. There are many financial blogs that you can gain a wealth of information to help in your situation -or- start your own blog to solicit responses and help to your situation in beating debt.

Don’t get caught up in the new wave of “debt relief” that is just masking businesses MAKING MONEY off your misery and debt.

To read more from this article, click here.

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