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Puny fine for total tosh on debt agreements

Sunshine Coast spruikers of debt agreements have agreed to pay a notional fine of A$10,800 over unsubstantiated claims made in website marketing.Capital Debt Solutions Australia Pty Ltd, Debt Assist Aust Pty Ltd and Bankruptcy Experts Pty Ltd "have removed misleading statements online," the Australian Securities and Investments Commission said yesterday.ASIC said Capital Debt Solutions "removed false claims from its website, claiming it was 'trusted and recommended by more than 6000 Australians' when there was no basis for this claim."Capital Debt Solutions and Debt Assist Aust "removed false statements online, claiming their debt agreements were 'Government Approved'.Bankruptcy Experts has removed testimonials on their websites from customers that were unable to be substantiated.

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