September 22, 2014 4:18 PM ET

Consumer Finance

Company Overview of Credit Store, Inc., The

Company Overview

The Credit Store, Inc., a technology and information based financial services company, provides credit card products to consumers who may otherwise fail to qualify for a traditional unsecured bank credit card. The company focuses on consumers who have previously defaulted on debt. It reaches these consumers by acquiring their defaulted debt from the lender or subsequent debt owner. Through direct mail and telemarketing operations, these consumers are offered an opportunity to settle their debt, typically at a discount, transfer the agreed settlement amount to a newly issued unsecured MasterCard® or Visa® credit card, and establish a positive credit history on their newly issued card by makin...

3401 North Louise Avenue

Sioux Falls, SD 57107

United States

288 Employees





Key Executives for Credit Store, Inc., The

Credit Store, Inc., The does not have any Key Executives recorded.

Credit Store, Inc., The Key Developments

SEC Revokes Registration Of Registered Securities Of Credit Store

An Administrative Law Judge (ALJ) issued an order making findings and revoking registrations by Default as to The Credit Store, Inc. The Default Order finds that company, issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and it failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and 13a-13 by failing to file required periodic reports with the Securities and Exchange Commission (SEC). As a result, the ALJ ordered that the registration of each class of each issuer’s registered securities is revoked.

SEC Orders Hearing On Registration Suspension Or Revocation Against Credit Store For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of Credit Store, Inc., The for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The Administrative Law Judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.

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