Credit Services
Global Business GroupFind BBB Accredited Businesses in Credit Services.
Information and Alerts
Alert Details
This business has 2 alerts.
Government Actions
The State of Minnesota v Global Business Group
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On December 13, 2023, Global Business Group entered into an Assurance of Discontinuance with the State of Minnesota. The Assurance of Discontinuance settles allegations that the business misrepresented its services or created confusion or misunderstanding regarding the services and marketed, sold, provided goods or services, offered to provide advice, offered to act, or acted as an intermediary between Minnesota consumers and the U.S. Department of Education, or its federal student loan servicers, related to the repayment of student loans without first being registered with the Minnesota Department of Commerce, as required by Minnesota state law with the primary purpose of reducing or eliminating student loan debt. The Assurance of Discontinuance further alleges the business imposed charges or received payment for debt settlement services without first executing written debt settlement service agreements that complied with state law and without performing all of the services the business agreed to perform. Under terms of the Assurance, the business agreed to discontinue business, directly, indirectly, individually, or in conjunction with an person or entity in the state of Minnesota, including but not limited to collecting payments, marketing, selling, and providing goods or services related to the repayment of student loans, including but not limited to completion of application materials for student loan consolidation or repayment plans. Under the terms of the Assurance the business shall pay a settlement sum in the amount of $14,308.42 and a civil penalty in the amount of $50,000.
This action is final.
Accreditation Revocation
On 06/06/2024 this business's accreditation in the BBB was revoked by the BBB's Board of Directors due to failure by the business to adhere to the BBB requirement that Accredited Businesses meet and abide by the following standards:
1. Establish and maintain a positive track record in the marketplace.
1C. Be free from government action that demonstrates a significant failure to support BBB ethical principles. BBB evaluates the action and makes a determination on adherence to this standard based on the nature of the violation and the extent of harm it caused or is alleged to have caused, whether it was caused or condoned by management, and actions taken to resolve underlying issues that led to the government action.
Important Information
This business is not BBB accredited.
Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.
To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.
Additional Info
This business offers Credit Card Settlement Services, and Referral Assistance
Service Area
- CA
- WA
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.