About
Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:The Colorado Attorney General v Credit9 Inc and Banir Ganatra
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, 2022, Credit9 Inc and Banir Ganatra entered into a Stipulation and Final Agency Order with the Colorado Attorney General's Office. The Order settles allegations that the business directly or indirectly provided credit services to consumers who were also enrolled in debt management services with another company, to which both companies shared ownership, charged additional fees that are not in compliance with the Uniform Consumer Credit Code, and failed to disclose the fees to consumers in disclosures. Under terms of the Order, the business agreed to comply with the Uniform Consumer Credit Code and the Debt Management Services Act and maintain registration or renew registration in order to further comply and operate in Colorado, and to not enroll any new consumers in Colorado 2 years from the date of this order. Under the terms of the Order, the business agreed to pay restitution in the amount of $200,000. The Order was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.
This action is final.
Overview
Credit9
18200 Von Karman Ave Ste 500
Irvine, CA 92612-7145
See Hours
| Monday | 6:00 AM - 6:00 PM |
|---|---|
| Tuesday | 6:00 AM - 6:00 PM |
| Wednesday | 6:00 AM - 6:00 PM |
| Thursday | 6:00 AM - 6:00 PM |
| Friday | 6:00 AM - 6:00 PM |
| Saturday | Closed |
| Sunday | Closed |
BBB Accreditation & Rating
About This Business
Consolidating debts into a personal loan allows a borrower to make one fixed monthly payment that won’t fluctuate and may reduce the interest paid compared to traditional revolving credit issuers. Funds are typically disbursed within two business days, and our loan servicing team can assist with any payment-related questions.
BBB Accredited Since: 10/2/2018
Years in Business: 12
Business Details
- BBB File Opened:
- 9/28/2018
- Business Started:
- 4/24/2013
- Business Incorporated:
- 9/30/2021
- Type of Entity:
- Corporation
- Alternate Names:
- Credit9 Holdco Inc
- Business Management:
- Mr. Ritesh Kumar, Comptroller
- Mr. Ivan Aragon, Community Engagement Manager
- Mr. Ray Obermeier, Director of Lending Compliance
Additional Contact Information
- Principal Contacts
- Mr. Ivan Aragon, Community Engagement Manager
- Customer Contacts
- Mr. Ritesh Kumar, Comptroller
- Mr. Ivan Aragon, Community Engagement Manager
- Mr. Ray Obermeier, Director of Lending Compliance
- Additional Websites
- ethicalcommunity.org/cred...
Licensing information
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
Additional Information
- Other Resources
- California Attorney General
PO Box 944255
Sacramento CA 94244-2550
Phone Number: (800) 952-5225
http://www.ag.ca.gov - Business Categories
- Credit Services, Debt Consolidation Services, Loans
More Resources
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