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Attorney General Sues Debt Settlement Company

CONTACT: Elliot Burg, Assistant Attorney General, (802) 828-2153

Vermont Attorney General William H. Sorrell has filed suit against CSA-Credit Solutions of America, LLC, a debt settlement company based in Dallas, Texas, and its current and former chief executive officers, Doug Van Arsdale and Matt Reivitt, alleging multiple violations of the Vermont Consumer Fraud Act. A debt settlement company is one that offers to negotiate reductions in the principal amount of consumers’ debts.

In a Complaint filed in Washington Superior Court, Attorney General Sorrell alleges that the defendants (1) used unsubstantiated “results” claims to advertise their debt settlement services on the Internet, (2) failed to properly notify consumers of their right to cancel their contract with the company, (3) charged their fees up front in a manner that amounted to an unfair trade practice, and (4) did business in Vermont without first obtaining the required license from the Department of Banking, Insurance, Securities and Health Care Administration.

In the case, the Attorney General is asking the court for injunctive relief, refunds and other compensation to consumers, civil penalties, fees and costs, and other appropriate relief.

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