Comment on Regulators Shut Down Debt Relief Operation That Took Millions From Consumers

Regulators Shut Down Debt Relief Operation That Took Millions From Consumers

(Arks Endeavors) The Florida Attorney General’s Office and the Federal Trade Commission make a pretty effective pair when it comes to putting an end to companies and operations taking advantage of consumers. Just a day after the regulator and state’s attorney general teamed up to sue a company behind medical alert robocalls, the two entities announced they shut down a debt relief scheme that took million from consumers with credit card debt. The FTC announced today that a federal court granted its request to temporarily halt a debt relief telemarketing operation consisting of six related companies – doing business as Satisfied Services Solutions LLC – that promised consumers help with their credit card debts if they paid a hefty up-front fee. According to the FTC and State of Florida complaint [PDF], since January 2013 the operation cold-called consumers with credit card debt and identified themselves as “card services,” “credit services,” and “card member services,” or one of the defendants’ phony businesses. The telemarketers then allegedly promised that for a fee between $695 and $1,495 they could save consumers thousands of dollars by reducing their credit card interest rate. If the relief failed to materialize, the debt relief company promised it would return the up-front fees.

 

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