If you go into the Ameridebt website, you'll see the following message:
Unfortunately, AmeriDebt is no longer accepting new clients.
However, if you are looking to get help with your debt,
you may want to consider 800CreditCardDebt.com
Ameridebt has been under attack for deceptive practices by the Federal Trade Commission and several states. Regulators and customers allege that Ameridebt deceived its customers by charging high fees and operating as a non-profit concern while its real motivation was to make profit for its founders. The chapter 11 filing came after a settlement of $8 million in a class action suit was tentatively approved by an Illinois state court. Of course, that $8 million won't go very far considering there are 500,000 customers that have been ripped off by Ameridebt. The Washington Post reports that the FTC has objected to the settlement on the grounds that even if half of the 500,000 potential class members file a claim, that would result in a payment of a maximu
2007-07-15
14:36:27
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2 answers
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asked by
BehindinPayments0077
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in
Business & Finance
➔ Credit