Attorney General charges Dallas debt management firm with fraud
Texas Attorney General Greg Abbott has charged a Dallas debt management firm with defrauding its customers.
The states enforcement action sought an asset freeze and temporary restraining order against Credit Alliance Group, doing business as Credit Services Today, and Shane V. Garner, owner and chief executive.
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The company contacted consumers with debt problems, claiming it would eliminate 20 to 60 percent of their debt within three years, investigators said.
CAG promised that customers would not owe the firm a dime if the firm failed to deliver on its claims, Abbotts office said. However, the states investigation revealed that customers were nonetheless charged up-front fees, sometimes up to 35 percent of the debt they owed, and that CAG failed to deliver on its services.
More at http://bizbeatblog.dallasnews.com/2013/04/attorney-general-charges-dallas-debt-management-firm-with-fraud.html/ .