New York Attorney General Takes Gloves Off - Goes After Debt Settlement Companies

In a May 19, 2009 press release, the New York Attorney General announced that he has filed suit against two "debt negotiation" companies: CSA-Credit Solutions of America, Inc. and Nationwide Asset Services, Inc., along with its affiliates - ServiceStar LLP and Universal Debt Reduction, LLC - and its marketer, FGL Clearwater, Inc. d/b/a American Debt Arbitration for fraudulent business practices and false advertising.

In addition, the NY AG launched a new web site, http://www.nydebthelp.com, to educate consumers about any company that claims that they can reduce your outstanding debt. The web site also gives information about how to handle debt collection companies, and what they are legally allowed and not allowed to do.