Licensing
California law requires bill paying services, and pro-raters accepting money from clients to be disbursed to creditors on behalf of the debtor, to be licensed by the California Department of Business Oversight and file a $25,000 bond.
To verify licensing, contact the California Department of Business Oversight (DBO) by writing to 1515 K Street, Suite 200 Sacramento, CA 95814-4052, by calling (916) 445-7205, (866) 275-2677 or (866) ASK CORP. Prorater licenses can be verified on-line, by accessing the DBO website at http://www.dbo.ca.gov.
For businesses outside of California, please check with the agency that regulates this industry.
California law requires that companies advertising or offering to improve your credit record, history, or rating must be registered with the California Attorney General's Office as a Credit Services Organization and post a $100,000 bond.
To verify registration and bonding, contact the California Attorney General by writing to; DOJ. Att. Public Inquiry Unit, P O Box 944255, Sacramento, Ca. 94244, by calling (916) 322-3360, faxing 916-323-5341, or visit their website at www.ag.ca.gov.
As of our last verification on July 29, 2008, we could find no evidence of a current registration for this company with the California Attorney General's Office as a Credit Services Organization. For the most up-to-date information regarding license status, consumers may contact the Department of Justice at 916-323-5341, or visit their website at www.ag.ca.gov.
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