Friday, January 7, 2011

Idaho Debt Consellor Not Licensed and Pays For it

Florida-based GHS Solutions LLC is required to refund $303,218 to the citizens of Idaho who used their services while they did not in fact have a credit conceling license. This will be given back by June 1.
What the company did was asked their clients to open a savings account and they would manage their debts and collect fees for doing so. Not being licensed made this activity illegal, entitling the 148 clients the company had to their money back. Under the Idaho Collection Agency Act they were required to have a license. On top of paying the clients back the money they also must pay 15,000 in penalties.

Original Article Here

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