Money

MONTPELIER, Vt. (AP) ” A Vermont judge has ordered debt settlement company Credit Solutions of America to pay a fine of $2 million in a consumer fraud case.Credit Solutions of America, based in Texas, also must pay full refunds to 207 Vermonters totaling about $350,000.The Vermont attorney general’s office had sued both CSA of Dallas and its owner, Doug Van Arsdale , in July 2010, accusing them    .. more …

The process of debt settlement may be appropriate for an individual’s situation if they are solvent, have more than $10,00 in unsecure debt and have an income/ability to raise money to help pay off this settlement. To be solvent means to be able to meet financial obligations as they become due. One major benefit of this process is that it does not require an individual to take out a loan, pass a    .. more …

The General Auditing Commission (GAC) is recommending to the Ministry of Justice for the Chief Executive Officer of the Monrovia Oil Trading Corporation (MOTC), Mr. Charles Carron, to be prosecuted.According to the GAC, Mr. Carron submitted a claim already settled through a drawback arrangements (off-sets) by the Ministry of Finance and the Liberia Petroleum Refining Company ( LPRC).The GAC’s    .. more …

RICHMOND, CA–(Marketwire -02/13/12)- ExcelDebt Relief , a Silicon Valley based debt settlement firm, is helping individuals solve a very common problem facing many: debt. Collection agencies , interest rates and late fees have become well known terms amongst many households. We believe ExcelDebt can offer a solution to the constant phone calls from creditors many encounter on a daily basis. The    .. more …

VANCOUVER, BRITISH COLUMBIA–(Marketwire -02/17/12)- Cresval Capital Corp. (the “Company”) (TSX-V: CRV.V – News ) announces that it has arranged a debt settlement with certain creditors. The debt settlement will allow the Company to restructure approximately $37,590 in outstanding debt through the issuance of up to 375,900 common shares of the Company. The debt settlement is subject to TSX    .. more …

PHOENIX, AZ–(Marketwire -01/18/12)- Making the decision to start the debt settlement process is a big one, so make sure you go into it prepared. “The last thing you want to do,” says CreditInfoCenter.com’s Kristy Welsh , “is get the ball rolling only to discover it’s moving in the wrong direction.” 1. Put everything in writing. Avoid phone calls with collection agencies altogether. Not only can    .. more …

The province will ban upfront charges by debt-settlement agencies, set maximum fees for them and require that they become licensed, Consumer Affairs Minister Jim Rondeau said Thursday.The initiatives will take effect Feb. 15. They are a result of amendments to regulations under the Consumer Protection Act.”We want to be sure that people already struggling with debt don’t find themselves    .. more …

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 30, 2011) – ICONIC MINERALS LTD. (TSX VENTURE:ICM)(FRANKFURT:YQG) announces that it will not at this time be proceeding with the debt settlement and equity financing announced on October 13, 2011.On behalf of the Board of DirectorsRichard BarnettFor further information on ICM, please visit our website at www.iconicmineralsltd.com .The Company’s    .. more …

TORONTO, ONTARIO–(Marketwire – Jan. 3, 2012) – JETCOM INC. (CNSX:JTM), reports that it has reached agreement to settle outstanding obligations totaling $250,000 owed to directors and consultants to the company in exchange for 5,000,000 common shares of the company. The last closing price of shares of the company was $0.01 per share.JETCOM INC. has 45,337,400 outstanding common shares (to be    .. more …

Debt settlement companies”which promise to negotiate with creditors on behalf of strapped consumers”are switching tactics to skirt new consumer protection rules.The debt settlement business has boomed in recent years as more Americans find themselves unable to keep up with credit-card balances and other loans. The number of debt settlement firms grew tenfold, to about 1,000 in 2010, from 100 or so    .. more …