AmeriDebt Files for Chapter 11 Bankruptcy
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Posted by BeenThereStillDoingThat
(24.187.170.238) on June 06, 2004 at 14:02:00:
Sorry if this was already posted:
AmeriDebt Files for Chapter 11 Bankruptcy
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20040605/ap_on_bi_ge/ameridebt_bankruptcy_1
"The Federal Trade Commission alleged the company hid fees and did not educate people about how to get out of debt. Regulators said AmeriDebt made customers think that an initial fee would be part of their debt-reduction payments to creditors. Instead, it went to the company. "
Damn criminals.
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