Thursday, April 25, 2013

Court order shuts down Charlotte debt settlement firm

A court order has temporarily shut down a Charlotte debt collection firm that state attorney general Roy Cooper claims illegally charged large upfront fees while promising debt relief it often fails to deliver.

Advantage Debt Solutions Inc., which operated out of an office on South Tryon Street near I-485, allegedly collected $140,000 from North Carolinians and more than $1 million from people around the country.

Cooper filed suit last week against the company and its principal, Anthony Krysinski. In the lawsuit, Cooper alleged that the company solicited business through "aggressive telemarketing calls" claiming it could help settle credit card debt and enable people become debt free in two to three years. Advantage would collect fees usually totaling 15 percent of the person's outstanding debt.

Under North Carolina law, it is illegal to collect fees up-front for debt settling services.

The injunction was granted Wednesday morning.

Advantage Debt Solutions' phone number had been disconnected when the Observer tried to contact the firm Thursday.


Unknown said...

A debt settlement firm will only be shut down if they are not doing their job well. This is the same with the professionals who are doing debt settlement tasks. Try to look at NDR Facebook if you want to know more about this.