Financial Services
National Debt Consultants IncInformation and Alerts
Alert Details
This business has 1 alert.
Government Actions
Minnesota Dept. of Commerce Order
On February 13. 2023, the business received an Order from the Minnesota Administrative Law Judge in response to filings presented by the Minnesota Department of Commerce. The Order settles allegations that the business was not licensed by the Minnesota Dept. of Commerce, operated out of a private mail box store in Coon Rapids MN; and the business advertised on the internet as a debt settlement service, helping consumers with their monthly debt payments, including claims to 'eliminate debt' and improve credit scores. However consumers were preyed on by the business and were left in far worse financial positions. In addition, the contracts consumers signed did not meet the requirements of Minn. Stat. §§ 332A.10, subd. 4, 332B.06, subd. 4 and 6, 326B.07, (2020) and the business failed to respond to the Minnesota Dept. of Commerce's requests for information.
The Order found that the business engaged in deceptive actions when offering debt related services to consumers, a violation of Minn. Stat. §§ 45.027, subd. 7(a)(2), 332A.14(10), 3326.10(1) (2020) and was an unregistered debt-settlement-services-provider, a violation of Minn. Stat. §§ 45.027, subd. 7(a)(2), 3326.03 (2020). The Order also found the business unlawfully stated, inferred, or indicated to consumers that entering into debt settlement services agreements and settling debts will have no effect on, or improve, their credit, credit ratings, and credit scores a violation of Minn. Stat. §§ 45.027, subd. 7(a)(2), 332B.10(7), 326B.11, subd. 1(1) (2020) and the contract violated Minnesota law in numerous respects, "including (a) containing hold harmless clauses, mandating arbitration, and waiving the right to jury trial; (b) lacking mandatory consumer-protection disclosures; and (c) failing to allow the consumer to cancel the contract and obtain a refund of all unearned fees" violations of Minn. Stat. §§ 45.027, subd. 7(a)(2), 332A.10, subd. 4, 332B.06, subds. 4, 6, 3266.07 (2020). In addition, the Order found the business failed to comply with the Department of Commerce's information request and subpoenas a violation of Minn. Stat. §§ 45.027,
Under terms of the Order, the business was to pay a civil penalty of $35,000.00. For more details go to the below link.
Important Information
Believed to be out of business
According to information in BBB files, it appears that this business is no longer in business.
Service Area
- Afton, MN
- Albertville, MN
- Almelund, MN
- Andover, MN
- Annandale, MN
- Anoka, MN
- Antlers Park, MN
- Apple Valley, MN
- Arden Hills, MN
- Argonne, MN
- Bayport, MN
- Baytown, MN
- Becker, MN
- Belle Plaine, MN
- Bethel, MN
- Bible College, MN
- Big Lake, MN
- Birchwood, MN
- Blaine, MN
- Bloomington, MN
- Braham, MN
- Branch, MN
- Brooklyn, MN
- Brooklyn Park, MN
- Buffalo, MN
- Burns, MN
- Burnsville, MN
- Cambridge, MN
- Carver, MN
- Castle Rock, MN
- Cedar, MN
- Cedar East Bethel, MN
- Center City, MN
- Centerville, MN
- Champlin, MN
- Chanhassen, MN
- Chaska, MN
- Chisago City, MN
- Chisago Lake, MN
- Circle Pines, MN
- Clear Lake, MN
- Cokato, MN
- Cologne, MN
- Columbia Heights, MN
- Columbus, MN
- Coon Rapids, MN
- Copas, MN
- Corcoran, MN
- Cottage Grove, MN
- County Market, MN
- Crown College, MN
- Crystal, MN
- Crystal Bay, MN
- Dalbo, MN
- Day, MN
- Dayton, MN
- Deephaven, MN
- Delano, MN
- Dellwood, MN
- Douglas, MN
- Eagan, MN
- East Bethel, MN
- Eden Prairie, MN
- Edgewood, MN
- Edina, MN
- Elk River, MN
- Elko, MN
- Elko New Market, MN
- Excelsior, MN
- Falcon Heights, MN
- Farmington, MN
- Forest Lake, MN
- Fort Snelling, MN
- Franconia, MN
- Fridley, MN
- Gem Lake, MN
- Golden Valley, MN
- Grandy, MN
- Grant, MN
- Grass Lake, MN
- Greenfield, MN
- Greenwood, MN
- Grey Cloud Island, MN
- Ham Lake, MN
- Hamburg, MN
- Hamel, MN
- Hampton, MN
- Hanover, MN
- Harris, MN
- Hassan, MN
- Hastings, MN
- Hilltop, MN
- Hopkins, MN
- Howard Lake, MN
- Hugo, MN
- Independence, MN
- Inver Grove, MN
- Inver Grove Heights, MN
- Isanti, MN
- Jordan, MN
- Lake Elmo, MN
- Lake Saint Croix Beach, MN
- Lakeland, MN
- Lakeland Shores, MN
- Lakeville, MN
- Landfall Village, MN
- Lauderdale, MN
- Lent, MN
- Lexington, MN
- Lilydale, MN
- Lindstrom, MN
- Lino Lakes, MN
- Linwood, MN
- Little Canada, MN
- Long Lake, MN
- Loretto, MN
- Mahtomedi, MN
- Maple Grove, MN
- Maple Lake, MN
- Maple Plain, MN
- Maplewood, MN
- Marine on Saint Croix, MN
- Martin Lake, MN
- Mayer, MN
- Medicine Lake, MN
- Medina, MN
- Mendota, MN
- Mendota Heights, MN
- Minneapolis, MN
- Minnetonka, MN
- Minnetonka Beach, MN
- Minnetonka Mills, MN
- Minnetrista, MN
- Monticello, MN
- Montrose, MN
- Mound, MN
- Moundsview, MN
- Navarre, MN
- New Brighton, MN
- New Germany, MN
- New Hope, MN
- New Market, MN
- New Scandia, MN
- New Trier, MN
- Newport, MN
- North Branch, MN
- North Oaks, MN
- North Saint Paul, MN
- Norwood, MN
- Norwood Young America, MN
- Nowthen, MN
- Oak Grove, MN
- Oak Park Heights, MN
- Oakdale, MN
- Orono, MN
- Osseo, MN
- Otisville, MN
- Otsego, MN
- Palmdale, MN
- Pine Springs, MN
- Plymouth, MN
- Prior Lake, MN
- Ramsey, MN
- Randolph, MN
- Richfield, MN
- Robbinsdale, MN
- Rockford, MN
- Rogers, MN
- Rosemount, MN
- Roseville, MN
- Rush City, MN
- Saint Anthony, MN
- Saint Anthony Village, MN
- Saint Augusta, MN
- Saint Bonifacius, MN
- Saint Cloud, MN
- Saint Croix, MN
- Saint Croix Beach, MN
- Saint Francis, MN
- Saint Louis Park, MN
- Saint Marys Point, MN
- Saint Michael, MN
- Saint Paul, MN
- Saint Paul Park, MN
- Santiago, MN
- Savage, MN
- Scandia, MN
- Shafer, MN
- Shakopee, MN
- Shoreview, MN
- Shorewood, MN
- Silver Creek, MN
- Soderville, MN
- South Haven, MN
- South Saint Paul, MN
- Spectacle Lake, MN
- Spring Lake Park, MN
- Spring Park, MN
- Stacy, MN
- Stanchfield, MN
- Stanford, MN
- Stillwater, MN
- Sunfish Lake, MN
- Sunrise, MN
- Taylors Falls, MN
- Tonka Bay, MN
- Vadnais Heights, MN
- Vermillion, MN
- Victoria, MN
- Waconia, MN
- Watertown, MN
- Waverly, MN
- Wayzata, MN
- Weber, MN
- West Lakeland, MN
- West Saint Paul, MN
- White Bear, MN
- White Bear Lake, MN
- Willernie, MN
- Woodbury, MN
- Woodland, MN
- Wyoming, MN
- Young America, MN
- Zimmerman, MN
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